In 2022, life insurance penetration in South Korea amounted to about 5.4 percent, which was a decrease compared to the previous year. The overall insurance penetration in South Korea stood at 11.1 percent that year.
Penetration rate of life insurance in South Korea from 2016 to 2022
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Korea Insurance Research Institute. (September 30, 2023). Penetration rate of life insurance in South Korea from 2016 to 2022 [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1306006/south-korea-life-insurance-penetration/
Korea Insurance Research Institute. "Penetration rate of life insurance in South Korea from 2016 to 2022." Chart. September 30, 2023. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1306006/south-korea-life-insurance-penetration/
Korea Insurance Research Institute. (2023). Penetration rate of life insurance in South Korea from 2016 to 2022. Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1306006/south-korea-life-insurance-penetration/
Korea Insurance Research Institute. "Penetration Rate of Life Insurance in South Korea from 2016 to 2022." Statista, Statista Inc., 30 Sep 2023, https://www.statista.com/statistics/1306006/south-korea-life-insurance-penetration/
Korea Insurance Research Institute, Penetration rate of life insurance in South Korea from 2016 to 2022 Statista, https://www.statista.com/statistics/1306006/south-korea-life-insurance-penetration/ (last visited October 07, 2024)
Penetration rate of life insurance in South Korea from 2016 to 2022 [Graph], Korea Insurance Research Institute, September 30, 2023. [Online]. Available: https://www.statista.com/statistics/1306006/south-korea-life-insurance-penetration/