{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"sg-non-life-insurance-penetration-gdp","url":"https://apiardata.com/statistics/sg-non-life-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/sg-non-life-insurance-penetration-gdp/","title":"Singapore Non-Life Insurance Premium Penetration (% of GDP) (2023)","description":"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.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","OECD","Singapore","2023"],"publisher":"OECD","frequency":"Annual","geography":"Singapore","temporal_coverage":"2000/2023","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2023","variable_measured":"Singapore Non-Life 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":"2000–2023"},{"label":"Observations","value":"17"},{"label":"Geography","value":"Singapore"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"Singapore (2023)","value":"1.8","unit":"% of GDP","trend":{"direction":"up","value":"+0.2pp YoY"}},{"label":"YoY Change","value":"+0.2pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"17","unit":"years of data"}],"series":[{"key":"value","label":"Singapore Non-Life Insurance Premium Penetration (% of GDP)"}],"observation_count":17,"observations":[{"period":"2000","value":1.006},{"period":"2001","value":1.135},{"period":"2004","value":1.096},{"period":"2009","value":0.476},{"period":"2010","value":1.269},{"period":"2011","value":1.24},{"period":"2012","value":1.807},{"period":"2013","value":1.758},{"period":"2014","value":1.907},{"period":"2015","value":1.79},{"period":"2016","value":1.791},{"period":"2017","value":1.694},{"period":"2019","value":1.861},{"period":"2020","value":1.923},{"period":"2021","value":1.714},{"period":"2022","value":1.626},{"period":"2023","value":1.834}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2023","value":"1.8","yoyChange":"+0.2pp"},{"year":"2022","value":"1.6","yoyChange":"-0.1pp"},{"year":"2021","value":"1.7","yoyChange":"-0.2pp"},{"year":"2020","value":"1.9","yoyChange":"unchanged"},{"year":"2019","value":"1.9","yoyChange":"n/a"},{"year":"2017","value":"1.7","yoyChange":"-0.1pp"},{"year":"2016","value":"1.8","yoyChange":"unchanged"},{"year":"2015","value":"1.8","yoyChange":"-0.1pp"},{"year":"2014","value":"1.9","yoyChange":"+0.1pp"},{"year":"2013","value":"1.8","yoyChange":"unchanged"},{"year":"2012","value":"1.8","yoyChange":"+0.6pp"},{"year":"2011","value":"1.2","yoyChange":"-0.1pp"},{"year":"2010","value":"1.3","yoyChange":"+0.8pp"},{"year":"2009","value":"0.5","yoyChange":"n/a"},{"year":"2004","value":"1.1","yoyChange":"n/a"},{"year":"2001","value":"1.1","yoyChange":"+0.1pp"},{"year":"2000","value":"1.0","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks non-life insurance (P&C) gross written premiums as a share of GDP in Singapore from 2000 to present. Non-life penetration measures commercial risk transfer capacity and SME insurance coverage depth. It is published by OECD and updated annually."},{"question":"How current is this data?","answer":"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)."},{"question":"What is the long-term trend?","answer":"The series peaked at 1.9 % of GDP in 2020 and reached its lowest recorded value of 0.5 in 2009. The latest reading of 1.8 in 2023 represents a change of +0.2pp."}]}