Insurance expenditure: ratio of premiums to GDP Germany 2004-2019
Insurance penetration shows the overall contribution of the insurance industry to the economy of a country and is caluclated as the insurance spending as a share of gross domestic product (GDP). It can be seen that the insurance penetration fluctuated during the period under observation. In 2005, Germany saw the penetration rate reach its highest value at 7.08 percent. In 2018, the penetration rate amounted to 6.4 percent.
