annual report 2009-10 - IRDA

ANNUAL REPORT 2009-10INTERNATIONAL COMPARISON OF INSURANCE PENETRATION*STATEMENT 1(In Per Cent)2009** 2008**Countries Total Life Non-Life Total Life Non-LifeAustralia 6.4 3.4 3.0 7.3 4.4 2.9Brazil 3.1 1.6 1.5 3.0 1.4 1.6France 10.3 7.2 3.1 9.2 6.2 3.0Germany 7.0 3.3 3.7 6.6 3.0 3.5Russia 2.5 0.0 2.5 2.3 0.0 2.3South Africa 12.9 10.0 2.9 15.3 12.5 2.9Switzerland 9.8 5.4 4.5 9.9 5.5 4.4United Kingdom 12.9 10.0 3.0 15.7 12.8 2.9United States 8.0 3.5 4.5 8.7 4.1 4.6Asian CountriesBangladesh 0.9 0.7 0.2 0.9 0.7 0.2Hong Kong 11.0 9.6 1.4 11.2 9.9 1.3India# 5.2 4.6 0.6 4.6 4.0 0.6Japan 9.9 7.8 2.1 9.8 7.6 2.2Malaysia 4.4 2.9 1.6 4.3 2.8 1.5Pakistan 0.7 0.3 0.4 0.8 0.3 0.4PR China 3.4 2.3 1.1 3.3 2.2 1.0Singapore 6.8 5.1 1.7 7.8 6.3 1.6South Korea 10.4 6.5 3.9 11.8 8.0 3.7Sri Lanka 1.4 0.6 0.9 1.4 0.6 0.9Taiwan 16.8 13.8 3.0 16.2 13.3 2.9Thailand 4.0 2.4 1.6 3.3 1.8 1.5World 7.0 4.0 3.0 7.1 4.1 2.9Source: Swiss Re, Sigma Volumes 2/2010 and 3/2009.* Insurance penetration is measured as ratio of premium (in US Dollars) to GDP (in US Dollars)** Data pertains to the calender year 2009 and 2008.# Data relates to financial year 2009-10 and 2008-09.89