South Africa vs United Kingdom: Insurance indicators β Penetration
Insurance indicators β Penetration over time
- South Africa
- United Kingdom
How they compare
South Africa currently reports 12.66 Percentage of GDP against 11.75 Percentage of GDP in United Kingdom, a difference of 0.91 Percentage of GDP.
That makes South Africa's figure about 1.1 times United Kingdom's.
The two have swapped places 3 times across 10 shared years of data; in 2010 it was United Kingdom ahead.
South Africa ranks 4th and United Kingdom ranks 6th of 52 countries.
Across the 2 decades both report, South Africa averaged higher in 1 and United Kingdom in 1.
Head to head by decade
| Decade | South Africa | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 12.79 Percentage of GDP | 10.95 Percentage of GDP | 1.84 Percentage of GDP | South Africa |
| 2020s | 11.13 Percentage of GDP | 11.45 Percentage of GDP | 0.322 Percentage of GDP | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators β penetration, South Africa or United Kingdom?
- South Africa, at 12.66 Percentage of GDP against 11.75 Percentage of GDP in United Kingdom as of 2023.
- What is the difference in insurance indicators β penetration between South Africa and United Kingdom?
- 0.91 Percentage of GDP, with South Africa ahead.
- How many years of comparable data are there for South Africa and United Kingdom?
- 10 years are reported by both, from 2010 to 2023.
- How do South Africa and United Kingdom rank globally for insurance indicators β penetration?
- South Africa ranks 4th and United Kingdom ranks 6th of 52 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Insurance indicators β 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.