annual report 2008-09 - IRDA

ANNUAL REPORT 2008-09
INTERNATIONAL COMPARISON OF INSURANCE DENSITY*
STATEMENT 3
(In US dollar)
Country 2008** 2007**
Total Life Non-Life Total Life Non-Life
Australia 3386.5 2038.0 1348.6 3000.2 1674.1 1326.1
Brazil 244.5 115.4 129.1 202.2 95.3 106.9
Canada 3170.8 1442.7 1728.0 3053.8 1386.8 1667.0
France 4131.0 2791.9 1339.2 4147.6 2928.3 1219.3
Germany 2919.2 1346.5 1572.7 2662.1 1234.1 1427.9
Netherlands 6849.5 2366.0 4483.5 6262.9 2192.4 4070.5
Russia 273.5 5.4 268.1 209.4 6.1 203.3
South Africa 870.6 707.0 163.6 878.5 719.0 159.5
Switzerland 6379.4 3551.5 2827.9 5740.7 3159.1 2581.7
United Kingdom 6857.8 5582.1 1275.7 7113.7 5730.5 1383.2
United States 4078.0 1900.6 2177.4 4086.5 1922.0 2164.4
Asian countries
Hong Kong 3310.3 2929.6 380.8 3373.2 3031.9 341.3
Japan 3698.6 2869.5 829.2 3319.9 2583.9 736.0
Malaysia 345.4 225.9 119.5 332.1 221.5 110.6
Singapore 3179.0 2549.0 630.0 2776.0 2244.7 531.2
South Korea 1968.7 1347.7 621.0 2384.0 1656.6 727.3
Taiwan 2787.6 2281.1 499.6 2628.0 2165.7 462.3
Thailand 142.1 77.2 64.9 129.7 70.8 58.9
India ## 47.4 41.2 6.2 46.6 40.4 6.2
Bangladesh 4.4 3.3 1.1 2.9 1.9 0.9
Indonesia 29.5 20.1 9.4 30.0 20.4 9.5
Iran 58.8 4.0 54.8 49.2 3.0 46.2
Pakistan 6.8 2.8 4.0 6.5 2.6 3.9
Phillipines 25.6 16.2 9.5 23.9 15.1 8.8
PR China 105.4 71.7 33.7 69.9 44.2 25.5
Sri Lanka 32.1 12.8 19.3 24.9 10.2 14.7
World 633.9 369.7 264.2 607.7 358.1 249.6
Source: Swiss Re, Sigma volumes 3/2008 and 3/2009
* Insurance density is measured as ratio of premium (in US Dollar) to total population
** Data relates to calender year
##: data pertains to the financial year.
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