Trending this month



Showing posts with label life insurance. Show all posts
Showing posts with label life insurance. Show all posts

August 27, 2015

global insurance stands at 6%, S. Africa, S. Korea most insured with 15% penetration

 



"global insurance stands at 6%, S. Africa, S. Korea most insured with 15% penetration


Global insurance Penetration

Globally Insurance penetration is  measured as the ratio of premium to Gross Domestic Product.Globally, insurance penetration stands at 6.2 per cent, while density is at $662 (Rs 42,103) for 2014



Among BRIC nations South Africa leads in insurance penetration with 15.4 %.Brazil ranks no 2 in terms of insurance penetration with 4%,followed by  India at 3.4%,China 3% and Russia with 1.3% insurance rates.


Across Developed countries  UK and Japan  tops  insurance penetration followed by UK with 11.5% and Japan 11%.Meanwhile France, Italy and US follows with 9%,7.6%and 7.5%
respectively. Canada  and Germany   stands at 6.5% , along with  Australia's insurance  penetration of  with 5.2%


South Africa and South Korea have the biggest insurance rates in  the world with 15.4% and 11.9%



Insurance penetration  across  Top 20 Nations

  1. Australia:5.2%
  2. Argentina:3.6 %
  3. Brazil :4%
  4. Canada:6.5%
  5. Germany: 6.5%
  6. India: 3.6%
  7. Italy:7.6%
  8. China:3.0%
  9. Mexico 2.1 
  10. Indonesia 2.1
  11. South Africa:15.4%
  12. South Korea: 11.9%
  13. United Kingdom:11.5%
  14. United States:9%
  15. Turkey 1.5
  16. Russia 1.3 
  17. Argentina 3.6 
  18. Mexico 2.1 
  19. Indonesia 2.1
  20. Turkey 1.5
  21. Russia 1.3 


June 11, 2015

Metlife and Prudential ranked as largest life insurance companies in US


 Metlife and prudential among United states biggest life insurance companies



METLIFE, PRUDENTIAL AND AFLAC  are the top 3 biggest Insurance companies in the  Unites States  ranked by market cap.Principal,Lincoln and Voya Financial are the next 3 biggest insurance companies ranked 4th, 5th and 6th respectively
Market capitalization  in insurance companies are   measured  and calculated by multiplying a company's shares outstanding by the current market price of one share. market cap is generally used to determine a company's size, as opposed to sales or total assets.