Singapore Non-Life Insurance Premium Penetration (% of GDP) (2023)
Singapore's Non-Life Insurance Premium Penetration (% of GDP): 1.8 % of GDP in 2023, +0.2pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2000–2023.
Singapore (2023)
1.8
% of GDP
+0.2pp YoY
YoY Change
+0.2pp
percentage points
Trend
up
Series length
17
years of data
Data
| Year | % of GDP | Change |
|---|---|---|
| 2023 | 1.8 | +0.2pp |
| 2022 | 1.6 | -0.1pp |
| 2021 | 1.7 | -0.2pp |
| 2020 | 1.9 | unchanged |
| 2019 | 1.9 | n/a |
| 2017 | 1.7 | -0.1pp |
| 2016 | 1.8 | unchanged |
| 2015 | 1.8 | -0.1pp |
| 2014 | 1.9 | +0.1pp |
| 2013 | 1.8 | unchanged |
| 2012 | 1.8 | +0.6pp |
| 2011 | 1.2 | -0.1pp |
| 2010 | 1.3 | +0.8pp |
| 2009 | 0.5 | n/a |
| 2004 | 1.1 | n/a |
| 2001 | 1.1 | +0.1pp |
| 2000 | 1 | n/a |
About this Dataset
Singapore recorded 1.8 % of GDP in 2023. The latest change was +0.2pp. Across 2000–2023 the series ranges from 0.5 % of GDP in 2009 to 1.9 % of GDP in 2020.
This page tracks non-life insurance (P&C) gross written premiums as a share of GDP in Singapore. Non-life penetration measures commercial risk transfer capacity and SME insurance coverage depth.
Data sourced from OECD via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks non-life insurance (P&C) gross written premiums as a share of GDP in Singapore. Non-life penetration measures commercial risk transfer capacity and SME insurance coverage depth. It is published by OECD and updated annually.
The most recent observation covers 2023. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2000–2023 (17 observations).
The series peaked at 1.9 % of GDP in 2020 and reached its lowest recorded value of 0.5 % of GDP in 2009. The latest reading is 1.8 % of GDP in 2023. The latest change was +0.2pp.