United Kingdom vs United States: Insurance indicators β Penetration
Insurance indicators β Penetration over time
- United Kingdom
- United States
How they compare
United States currently reports 12.68 Percentage of GDP against 11.75 Percentage of GDP in United Kingdom, a difference of 0.93 Percentage of GDP.
That makes United States's figure about 1.1 times United Kingdom's.
The two have swapped places 6 times across 40 shared years of data; in 1985 it was United States ahead.
United Kingdom ranks 6th and United States ranks 3rd of 52 countries.
Across the 5 decades both report, United Kingdom averaged higher in 2 and United States in 3.
Head to head by decade
| Decade | United Kingdom | United States | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 4.29 Percentage of GDP | 7.83 Percentage of GDP | 3.54 Percentage of GDP | United States |
| 1990s | 8 Percentage of GDP | 9.81 Percentage of GDP | 1.81 Percentage of GDP | United States |
| 2000s | 14.69 Percentage of GDP | 10.47 Percentage of GDP | 4.22 Percentage of GDP | United Kingdom |
| 2010s | 11.58 Percentage of GDP | 11.04 Percentage of GDP | 0.5427 Percentage of GDP | United Kingdom |
| 2020s | 11.51 Percentage of GDP | 12.16 Percentage of GDP | 0.65 Percentage of GDP | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators β penetration, United Kingdom or United States?
- United States, at 12.68 Percentage of GDP against 11.75 Percentage of GDP in United Kingdom as of 2024.
- What is the difference in insurance indicators β penetration between United Kingdom and United States?
- 0.93 Percentage of GDP, with United States ahead.
- How many years of comparable data are there for United Kingdom and United States?
- 40 years are reported by both, from 1985 to 2024.
- How do United Kingdom and United States rank globally for insurance indicators β penetration?
- United Kingdom ranks 6th and United States ranks 3rd 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.