Insurance penetration South Korea 2016-2022, by type of insurance

Published by L. Yoon, Jul 1, 2024
In 2022, life and non-life insurance penetration in South Korea reached about 11.1 percent, which was an increase compared to the previous year. While previously life insurance had a higher penetration rate, non-life insurance has now surpassed that.

Penetration rate of insurance in South Korea from 2016 to 2022, by type of insurance

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Release date

September 2023

Region

South Korea

Survey time period

2016 to 2022

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