Canada vs Singapore: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- Canada
- Singapore
How they compare
Singapore currently reports 8.25 Percentage of GDP against 6.96 Percentage of GDP in Canada, a difference of 1.29 Percentage of GDP.
That makes Singapore's figure about 1.2 times Canada's.
The two have swapped places 3 times across 17 shared years of data; in 2000 it was Canada ahead.
Canada ranks 15th and Singapore ranks 12th of 52 countries.
Singapore has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Canada | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.47 Percentage of GDP | 7.03 Percentage of GDP | 0.5633 Percentage of GDP | Singapore |
| 2010s | 4.79 Percentage of GDP | 7.54 Percentage of GDP | 2.75 Percentage of GDP | Singapore |
| 2020s | 6.46 Percentage of GDP | 9.53 Percentage of GDP | 3.07 Percentage of GDP | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, Canada or Singapore?
- Singapore, at 8.25 Percentage of GDP against 6.96 Percentage of GDP in Canada as of 2023.
- What is the difference in insurance indicators — penetration between Canada and Singapore?
- 1.29 Percentage of GDP, with Singapore ahead.
- How many years of comparable data are there for Canada and Singapore?
- 17 years are reported by both, from 2000 to 2023.
- How do Canada and Singapore rank globally for insurance indicators — penetration?
- Canada ranks 15th and Singapore ranks 12th of 52 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Insurance indicators — Penetration. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This dataset includes key indicators on the insurance industry, such as insurance penetration (gross written premiums as a percentage of GDP), insurance density (gross written premiums in USD per capita), the share of life and non-life insurance in the total insurance business (life and non-life gross written premiums as a percentage of gross premiums), the retention ratio (net written premiums as a percentage of gross premiums) and the reinsurance share (reinsurance accepted as a percentage of gross premiums). This dataset also shows the domestic market share of foreign-controlled undertakings and branches/agencies in each reporting jurisdiction, and the geographical distribution of premiums written within the OECD.