Life insurance penetration ratio South Korea 2016-2023

Published by L. Yoon, Nov 6, 2024

In 2023, life insurance penetration in South Korea amounted to about five percent, which was a slight decrease compared to the previous year. The overall insurance penetration in South Korea stood at 11 percent that year.

Penetration rate of life insurance in South Korea from 2016 to 2023

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Release date

September 2024

Region

South Korea

Survey time period

2016 to 2023

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