{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"za-life-insurance-penetration-gdp","url":"https://apiardata.com/statistics/za-life-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/za-life-insurance-penetration-gdp/","title":"South Africa Life Insurance Premium Penetration (% of GDP) (2023)","description":"South Africa's Life Insurance Premium Penetration (% of GDP): 10.1 % of GDP in 2023, +6pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2010–2023.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","OECD","South Africa","2023"],"publisher":"OECD","frequency":"Annual","geography":"South Africa","temporal_coverage":"2010/2023","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2023","variable_measured":"South Africa 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":"2010–2023"},{"label":"Observations","value":"10"},{"label":"Geography","value":"South Africa"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"South Africa (2023)","value":"10.1","unit":"% of GDP","trend":{"direction":"up","value":"+6pp YoY"}},{"label":"YoY Change","value":"+6pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"10","unit":"years of data"}],"series":[{"key":"value","label":"South Africa Life Insurance Premium Penetration (% of GDP)"}],"observation_count":10,"observations":[{"period":"2010","value":9.453},{"period":"2011","value":9.536},{"period":"2013","value":10.651},{"period":"2014","value":10.889},{"period":"2015","value":10.845},{"period":"2016","value":10.468},{"period":"2020","value":9.952},{"period":"2021","value":10.216},{"period":"2022","value":4.131},{"period":"2023","value":10.123}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2023","value":"10.1","yoyChange":"+6pp"},{"year":"2022","value":"4.1","yoyChange":"-6.1pp"},{"year":"2021","value":"10.2","yoyChange":"+0.2pp"},{"year":"2020","value":"10.0","yoyChange":"n/a"},{"year":"2016","value":"10.5","yoyChange":"-0.3pp"},{"year":"2015","value":"10.8","yoyChange":"-0.1pp"},{"year":"2014","value":"10.9","yoyChange":"+0.2pp"},{"year":"2013","value":"10.7","yoyChange":"n/a"},{"year":"2011","value":"9.5","yoyChange":"unchanged"},{"year":"2010","value":"9.5","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks life insurance gross written premiums as a share of GDP in South Africa from 2000 to present. Life insurance penetration measures the depth of long-term savings mobilisation through the insurance channel. 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 2010–2023 (10 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 10.9 % of GDP in 2014 and reached its lowest recorded value of 4.1 in 2022. The latest reading of 10.1 in 2023 represents a change of +6pp."}]}