Taiwan: Life insurance volume

The latest value from 2020 is 13.65 percent, a decline from 15.92 percent in 2019. In comparison, the world average is 1.90 percent, based on data from 92 countries. Historically, the average for Taiwan from 1992 to 2020 is 10.07 percent. The minimum value, 3.23 percent, was reached in 1992 while the maximum of 16.76 percent was recorded in 2018. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.