Insurance penetration South Korea 2016-2023, by type of insurance

Published by L. Yoon, Nov 6, 2024

In 2023, life and non-life insurance penetration in South Korea reached about 11 percent, which was comparable to the previous year. While previously life insurance had a higher penetration rate, non-life insurance has by now surpassed that.

Penetration rate of insurance in South Korea from 2016 to 2023, by type of insurance

© Statista 2025
Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

Release date

September 2024

Region

South Korea

Survey time period

2016 to 2023

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Insurance industry in Ireland "

The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Insurance industry in Ireland

Gross written premiums

8

Claims and benefits paid

6

Leading companies & insurance business data

7

Employment and salaries of underwriters

4

Further related statistics

10

Further Content: You might find this interesting as well

Statistics

Topics

Insurance industry in JapanInsurtechB2C insurtech UKInsurtech in BrazilFinancial sector in Japan
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.