Malaysia vs Norway: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- Malaysia
- Norway
How they compare
Norway currently reports 5.89 Percentage of GDP against 4.63 Percentage of GDP in Malaysia, a difference of 1.26 Percentage of GDP.
That makes Norway's figure about 1.3 times Malaysia's.
The two have swapped places 4 times across 15 shared years of data; in 2009 it was Norway ahead.
Malaysia ranks 21st and Norway ranks 19th of 52 countries.
Norway has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Malaysia | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 4.26 Percentage of GDP | 5.47 Percentage of GDP | 1.22 Percentage of GDP | Norway |
| 2010s | 4.63 Percentage of GDP | 5.11 Percentage of GDP | 0.4794 Percentage of GDP | Norway |
| 2020s | 4.71 Percentage of GDP | 5.33 Percentage of GDP | 0.6135 Percentage of GDP | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, Malaysia or Norway?
- Norway, at 5.89 Percentage of GDP against 4.63 Percentage of GDP in Malaysia as of 2024.
- What is the difference in insurance indicators — penetration between Malaysia and Norway?
- 1.26 Percentage of GDP, with Norway ahead.
- How many years of comparable data are there for Malaysia and Norway?
- 15 years are reported by both, from 2009 to 2023.
- How do Malaysia and Norway rank globally for insurance indicators — penetration?
- Malaysia ranks 21st and Norway ranks 19th 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.