Global life insurance penetration 2017, by country
McKinsey. This means that the value of life insurance premiums written in that year equaled 1.2 percent of the country’s GDP in that year. Meanwhile, the value of life insurance premiums in the United States equaled 2.8 of the country’s GDP. Life insurance provides financial protection to the dependents after the untimely demise of an insured individual.
In 2017, life insurance penetration reached 1.2 percent in Canada according to