{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"gb-insurance-penetration-gdp","url":"https://apiardata.com/statistics/gb-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/gb-insurance-penetration-gdp/","title":"United Kingdom Insurance Premium Penetration (% of GDP) (2024)","description":"United Kingdom's Insurance Premium Penetration (% of GDP): 11.8 % of GDP in 2024, +0.1pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2000–2024.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","OECD","United Kingdom","2024"],"publisher":"OECD","frequency":"Annual","geography":"United Kingdom","temporal_coverage":"2000/2024","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2024","variable_measured":"United Kingdom Insurance Premium Penetration (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"OECD","url":"https://data-explorer.oecd.org/vis?fs[0]=Topic%2C0%7CFinancial+sector%23FIN%23&pg=0&fc=Topic&bp=true&snb=10"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2024"},{"label":"Observations","value":"25"},{"label":"Geography","value":"United Kingdom"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"United Kingdom (2024)","value":"11.8","unit":"% of GDP","trend":{"direction":"up","value":"+0.1pp YoY"}},{"label":"YoY Change","value":"+0.1pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"25","unit":"years of data"}],"series":[{"key":"value","label":"United Kingdom Insurance Premium Penetration (% of GDP)"}],"observation_count":25,"observations":[{"period":"2000","value":14.783},{"period":"2001","value":13.13},{"period":"2002","value":13.126},{"period":"2003","value":13.508},{"period":"2004","value":12.974},{"period":"2005","value":13.089},{"period":"2006","value":18.364},{"period":"2007","value":19.787},{"period":"2008","value":14.733},{"period":"2009","value":13.405},{"period":"2010","value":12.335},{"period":"2011","value":11.728},{"period":"2012","value":12.509},{"period":"2013","value":11.034},{"period":"2014","value":10.746},{"period":"2015","value":10.226},{"period":"2016","value":9.642},{"period":"2017","value":12.622},{"period":"2018","value":13.123},{"period":"2019","value":11.817},{"period":"2020","value":11.42},{"period":"2021","value":11.422},{"period":"2022","value":11.285},{"period":"2023","value":11.688},{"period":"2024","value":11.753}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2024","value":"11.8","yoyChange":"+0.1pp"},{"year":"2023","value":"11.7","yoyChange":"+0.4pp"},{"year":"2022","value":"11.3","yoyChange":"-0.1pp"},{"year":"2021","value":"11.4","yoyChange":"unchanged"},{"year":"2020","value":"11.4","yoyChange":"-0.4pp"},{"year":"2019","value":"11.8","yoyChange":"-1.3pp"},{"year":"2018","value":"13.1","yoyChange":"+0.5pp"},{"year":"2017","value":"12.6","yoyChange":"+3pp"},{"year":"2016","value":"9.6","yoyChange":"-0.6pp"},{"year":"2015","value":"10.2","yoyChange":"-0.5pp"},{"year":"2014","value":"10.7","yoyChange":"-0.3pp"},{"year":"2013","value":"11.0","yoyChange":"-1.5pp"},{"year":"2012","value":"12.5","yoyChange":"+0.8pp"},{"year":"2011","value":"11.7","yoyChange":"-0.6pp"},{"year":"2010","value":"12.3","yoyChange":"-1.1pp"},{"year":"2009","value":"13.4","yoyChange":"-1.3pp"},{"year":"2008","value":"14.7","yoyChange":"-5.1pp"},{"year":"2007","value":"19.8","yoyChange":"+1.4pp"},{"year":"2006","value":"18.4","yoyChange":"+5.3pp"},{"year":"2005","value":"13.1","yoyChange":"+0.1pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks total insurance gross written premiums as a share of GDP in United Kingdom from 2000 to present. Insurance penetration is the primary measure of financial services sector development and household risk protection depth. It is published by OECD and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2024. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2000–2024 (25 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 19.8 % of GDP in 2007 and reached its lowest recorded value of 9.6 in 2016. The latest reading of 11.8 in 2024 represents a change of +0.1pp."}]}