In 2022, life and non-life insurance penetration in South Korea reached about 11.1 percent, an increase from the previous year. Life and non-life insurance penetration stood at 5.4 and 5.8 percent respectively.
Life and non-life insurance penetration in South Korea from 2016 to 2022
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Insurance penetration rate
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Korea Insurance Research Institute. (September 30, 2023). Life and non-life insurance penetration in South Korea from 2016 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/
Korea Insurance Research Institute. "Life and non-life insurance penetration in South Korea from 2016 to 2022." Chart. September 30, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/
Korea Insurance Research Institute. (2023). Life and non-life insurance penetration in South Korea from 2016 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/
Korea Insurance Research Institute. "Life and Non-life Insurance Penetration in South Korea from 2016 to 2022." Statista, Statista Inc., 30 Sep 2023, https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/
Korea Insurance Research Institute, Life and non-life insurance penetration in South Korea from 2016 to 2022 Statista, https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/ (last visited July 22, 2024)
Life and non-life insurance penetration in South Korea from 2016 to 2022 [Graph], Korea Insurance Research Institute, September 30, 2023. [Online]. Available: https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/