Singapore vs Taiwan: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- Singapore
- Taiwan
How they compare
Taiwan currently reports 10.79 Percentage of GDP against 8.25 Percentage of GDP in Singapore, a difference of 2.54 Percentage of GDP.
That makes Taiwan's figure about 1.3 times Singapore's.
Across all 5 years both countries report, Taiwan has been ahead every year.
Singapore ranks 12th and Taiwan ranks 10th of 52 countries.
Taiwan has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Singapore | Taiwan | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 8.74 Percentage of GDP | 19.2 Percentage of GDP | 10.46 Percentage of GDP | Taiwan |
| 2020s | 9.53 Percentage of GDP | 13.21 Percentage of GDP | 3.68 Percentage of GDP | Taiwan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, Singapore or Taiwan?
- Taiwan, at 10.79 Percentage of GDP against 8.25 Percentage of GDP in Singapore as of 2024.
- What is the difference in insurance indicators — penetration between Singapore and Taiwan?
- 2.54 Percentage of GDP, with Taiwan ahead.
- How many years of comparable data are there for Singapore and Taiwan?
- 5 years are reported by both, from 2019 to 2023.
- How do Singapore and Taiwan rank globally for insurance indicators — penetration?
- Singapore ranks 12th and Taiwan ranks 10th 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.