Life insurance volume - Country rankings

* indicates monthly or quarterly data series

Life insurance premium volume, percent of GDP, 2020:

The average for 2020 based on 34 countries was 1.68 percent. The highest value was in Denmark: 8.31 percent and the lowest value was in Moldova: 0.05 percent. The indicator is available from 1990 to 2020. Below is a chart for all countries where data are available.

Measure: percent; Source: Swiss Re
Select indicator
* indicates monthly or quarterly data series


Countries Life insurance volume, 2020 Global rank Available data
Denmark 8.31 1 1990 - 2020
Luxembourg 7.51 2 1993 - 2020
France 5.29 3 1991 - 2020
Italy 4.92 4 1991 - 2020
Ireland 3.69 5 1990 - 2020
Germany 3.1 6 1990 - 2020
Norway 3.05 7 1993 - 2020
Portugal 2.23 8 1994 - 2020
Cyprus 1.95 9 1991 - 2020
Spain 1.77 10 1990 - 2020
Finland 1.68 11 1993 - 2020
Slovenia 1.62 12 1995 - 2020
Netherlands 1.54 13 1992 - 2020
Austria 1.43 14 1993 - 2020
Hungary 1.11 15 1995 - 2020
Greece 1.1 16 1995 - 2020
Slovakia 0.95 17 1993 - 2020
Czechia 0.9 18 1993 - 2020
Croatia 0.71 19 1994 - 2020
Poland 0.61 20 1994 - 2020
Lithuania 0.52 21 1995 - 2020
Serbia 0.48 22 1997 - 2020
Latvia 0.47 23 1993 - 2020
Russia 0.41 24 1996 - 2020
Bulgaria 0.3 25 1995 - 2020
Turkey 0.29 26 1990 - 2020
Estonia 0.28 27 1994 - 2020
North Macedonia 0.26 28 1996 - 2020
Iceland 0.22 29 1990 - 2020
Romania 0.19 30 1995 - 2020
Belarus 0.14 31 1998 - 2020
Ukraine 0.12 32 1994 - 2020
Albania 0.07 33 1997 - 2020
Moldova 0.05 34 1998 - 2020



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.

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All articles

1. Denmark
2. Luxembourg
3. France
4. Italy
5. Ireland
6. Germany
7. Norway
8. Portugal
9. Cyprus
10. Spain
11. Finland
12. Slovenia
13. Netherlands
14. Austria
15. Hungary
16. Greece
17. Slovakia
18. Czechia
19. Croatia
20. Poland
21. Lithuania
22. Serbia
23. Latvia
24. Russia
25. Bulgaria
26. Turkey
27. Estonia
28. North Macedonia
29. Iceland
30. Romania
31. Belarus
32. Ukraine
33. Albania
34. Moldova
8.31
7.51
5.29
4.92
3.69
3.10
3.05
2.23
1.95
1.77
1.68
1.62
1.54
1.43
1.11
1.10
0.95
0.90
0.71
0.61
0.52
0.48
0.47
0.41
0.30
0.29
0.28
0.26
0.22
0.19
0.14
0.12
0.07
0.05
0
2.1
4.2
6.2
8.31


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