Life and non-life insurance penetration Singapore 2022

Published by Lucas Romero, Jun 12, 2024
In 2022, insurance penetration reached 9.3 percent in Singapore. Life insurance accounted for the largest share with a penetration rate of 7.5 percent, while non-life insurance had a penetration rate of 1.8 percent.

Life and non-life insurance penetration in Singapore in 2022

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Source

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Release date

June 2024

Region

Singapore

Survey time period

2022

Supplementary notes

Insurance penetration is calculated as ratio of total insurance premiums to gross domestic product.

Source does not provide a release date. Date reflected here is the date of access.

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Statistics on " Insurance industry in Singapore "

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Overview

4

Key indicators

4

Life insurance

5

Non-life insurance

6

Consumer perspective

6

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