Insurance Penetration and Insurance Density – IRDAI Annual Report 2015-16

Insurance penetration and Insurance density reflects the country’s level of development of insurance. Insurance penetration is measured as the percentage of insurance premium to GDP, insurance density is calculated as the ratio of premium to population (per capita premium) sector in a country. Currently India’s Insurance penetration stands at 3.44 in 2015 compared to 3.33 in 2014 and Insurance density at 54.7 USD

Insurance Penetration across difference countries

Insurance penetration is measured as ratio of premium (in USD) to GDP (in USD)

Insurance Density across difference countries

Insurance density is measured as ratio of premium (in USD) to total population.

Level of Insurance penetration and Insurance Density is declining since 2009, reached a high of 5.2 during 2009. Insurance density too reached 64.4 USD a high during 2010 and since then it is in a constant decline

Insurance Penetration and Insurance Density Trends

Insurance Total Premium

Download IRDAI Annual Report 2015-16 here

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