Insurance penetration South Korea 2016-2023, by type of insurance

Published by L. Yoon, Nov 6, 2024

In 2023, life and non-life insurance penetration in South Korea reached about 11 percent, which was comparable to the previous year. While previously life insurance had a higher penetration rate, non-life insurance has by now surpassed that.

Penetration rate of insurance in South Korea from 2016 to 2023, by type of insurance

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Release date

September 2024

Region

South Korea

Survey time period

2016 to 2023

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