Insurance indicators β€” Penetration in Taiwan Province of China

Taiwan Province of China: Insurance indicators β€” Penetration was 10.79 Percentage of GDP in 2024. β–Ό Falling

Latest (2024)
10.79 Percentage of GDP
Change on year
up 4.7%
World rank
10th
of 52 countries
All-time high
20.01 Percentage of GDP
in 2018
All-time low
10.31 Percentage of GDP
in 2023
Years of data
7
2018–2024

Insurance indicators β€” Penetration in Taiwan Province of China, 2018–2024

051015202018202120242018: 20 Percentage of GDP2019: 19.2 Percentage of GDP2020: 16.7 Percentage of GDP2021: 14.6 Percentage of GDP2022: 11.2 Percentage of GDP2023: 10.3 Percentage of GDP2024: 10.8 Percentage of GDP

Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.

Analysis

In 2024, insurance indicators β€” penetration in Taiwan Province of China stood at 10.79 Percentage of GDP.

That represents a change of up 4.7% on the previous year and down 46.1% over ten years.

That places Taiwan Province of China 10th out of 52 countries with data for 2024, putting it in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 19.61 Percentage of GDP 19.2 Percentage of GDP 20.01 Percentage of GDP 2
2020s 12.72 Percentage of GDP 10.31 Percentage of GDP 16.74 Percentage of GDP 5

Countries ranked near Taiwan Province of China

  1. 7 Ireland 11.69 Percentage of GDP compare
  2. 8 Denmark 11.61 Percentage of GDP compare
  3. 9 France 10.97 Percentage of GDP compare
  4. 11 OECD 9.44 Percentage of GDP compare
  5. 12 Singapore 8.25 Percentage of GDP compare
  6. 13 Japan 7.74 Percentage of GDP compare

See the full ranking of 62 places β†’

More reference data data for Taiwan Province of China

All data for Taiwan Province of China β†’

Frequently asked questions

What is insurance indicators β€” penetration in Taiwan Province of China?
Insurance indicators β€” penetration in Taiwan Province of China was 10.79 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest insurance indicators β€” penetration recorded in Taiwan Province of China?
The highest recorded value was 20.01 Percentage of GDP in 2018.
What is the lowest insurance indicators β€” penetration recorded in Taiwan Province of China?
The lowest recorded value was 10.31 Percentage of GDP in 2023.
How does Taiwan Province of China rank for insurance indicators β€” penetration?
Taiwan Province of China ranks 10th out of 52 countries with data for 2024.
Is insurance indicators β€” penetration rising or falling in Taiwan Province of China?
Over the last ten years it is down 46.1%. The long-run trend across the full record is falling.
Where does this Taiwan Province of China data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance indicators β€” Penetration. Statizoid updates them automatically from the source API.

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Insurance indicators β€” Penetration in Taiwan Province of China. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/insurance-indicators-penetration/taiwan/

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About this data

Indicator
Insurance indicators β€” Penetration
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
62 places, 1,565 data points, 1983–2024
Last refreshed

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.