Insurance indicators — Penetration in India
India: Insurance indicators — Penetration was 4.18 Percentage of GDP in 2020. ▲ Rising
Insurance indicators — Penetration in India, 2011–2020
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2020, insurance indicators — penetration in India stood at 4.18 Percentage of GDP. That is the highest value across all 6 years on record.
The figure is up 10.0% on the previous year and up 9.0% over ten years.
Over the whole period, insurance indicators — penetration in India peaked at 4.18 Percentage of GDP in 2020 and was at its lowest, 3.39 Percentage of GDP, in 2015.
India ranks 25th of 52 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.64 Percentage of GDP | 3.39 Percentage of GDP | 3.84 Percentage of GDP | 5 |
| 2020s | 4.18 Percentage of GDP | 4.18 Percentage of GDP | 4.18 Percentage of GDP | 1 |
Countries ranked near India
More reference data data for India
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 20.88 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 68.88 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 246.78 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 15.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 246.78 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 70.02 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 19.71 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 309.05 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1,063 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 85.03 (2050)
Frequently asked questions
- What is insurance indicators — penetration in India?
- Insurance indicators — penetration in India was 4.18 Percentage of GDP in 2020, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in India?
- The highest recorded value was 4.18 Percentage of GDP in 2020.
- What is the lowest insurance indicators — penetration recorded in India?
- The lowest recorded value was 3.39 Percentage of GDP in 2015.
- How does India rank for insurance indicators — penetration?
- India ranks 25th out of 52 countries with data for 2020.
- Is insurance indicators — penetration rising or falling in India?
- Over the last ten years it is up 9.0%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance indicators — Penetration. Statizoid updates them automatically from the source API.
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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.