Singapore vs United Kingdom of Great Britain and Northern Ireland: Life insurance premium volume to GDP

Singapore
8.1%
in 2020
United Kingdom of Great Britain and Northern Ireland
10.5%
in 2019
Singapore rank
7th
United Kingdom of Great Britain and Northern Ireland rank
5th

Life insurance premium volume to GDP over time

  • Singapore
  • United Kingdom of Great Britain and Northern Ireland
051015199020052020

How they compare

United Kingdom of Great Britain and Northern Ireland currently reports 10.5% against 8.1% in Singapore, a difference of 2.4%.

That makes United Kingdom of Great Britain and Northern Ireland's figure about 1.3 times Singapore's.

Across all 27 years both countries report, United Kingdom of Great Britain and Northern Ireland has been ahead every year.

Singapore ranks 7th and United Kingdom of Great Britain and Northern Ireland ranks 5th of 162 countries.

United Kingdom of Great Britain and Northern Ireland has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Singapore United Kingdom of Great Britain and Northern Ireland Difference Ahead
1990s 2.7% 7.4% 4.7% United Kingdom of Great Britain and Northern Ireland
2000s 5.9% 12.2% 6.3% United Kingdom of Great Britain and Northern Ireland
2010s 5.1% 9.8% 4.6% United Kingdom of Great Britain and Northern Ireland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher life insurance premium volume to gdp, Singapore or United Kingdom of Great Britain and Northern Ireland?
United Kingdom of Great Britain and Northern Ireland, at 10.5% against 8.1% in Singapore as of 2019.
What is the difference in life insurance premium volume to gdp between Singapore and United Kingdom of Great Britain and Northern Ireland?
2.4%, with United Kingdom of Great Britain and Northern Ireland ahead.
How many years of comparable data are there for Singapore and United Kingdom of Great Britain and Northern Ireland?
27 years are reported by both, from 1993 to 2019.
How do Singapore and United Kingdom of Great Britain and Northern Ireland rank globally for life insurance premium volume to gdp?
Singapore ranks 7th and United Kingdom of Great Britain and Northern Ireland ranks 5th of 162 countries.
Where does this data come from?
Sigma Reports, Swiss Re, published as Life insurance premium volume to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Singapore vs United Kingdom of Great Britain and Northern Ireland: Life insurance premium volume to GDP. Statizoid, drawing on Sigma Reports, Swiss Re. Retrieved 15 September 2026, from https://financial-sector.statizoid.com/compare/life-insurance-premium-volume-to-gdp-percent/singapore/united-kingdom/

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About this data

Indicator
Life insurance premium volume to GDP (%)
Unit
%
Source
Sigma Reports, Swiss Re
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
162 places, 4,020 data points, 1990–2020
Last refreshed

Premium data is taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.