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

South Africa
10.8%
in 2019
United Kingdom of Great Britain and Northern Ireland
10.5%
in 2019
South Africa rank
4th
United Kingdom of Great Britain and Northern Ireland rank
5th

Life insurance premium volume to GDP over time

  • South Africa
  • United Kingdom of Great Britain and Northern Ireland
51015199020042019

How they compare

South Africa currently reports 10.8% against 10.5% in United Kingdom of Great Britain and Northern Ireland, a difference of 0.3%.

The two have swapped places 6 times across 25 shared years of data; in 1994 it was South Africa ahead.

South Africa ranks 4th and United Kingdom of Great Britain and Northern Ireland ranks 5th of 162 countries.

Across the 3 decades both report, South Africa averaged higher in 2 and United Kingdom of Great Britain and Northern Ireland in 1.

Head to head by decade

Decade South Africa United Kingdom of Great Britain and Northern Ireland Difference Ahead
1990s 11.6% 8.1% 3.5% South Africa
2000s 12.0% 12.2% 0.2% United Kingdom of Great Britain and Northern Ireland
2010s 10.1% 9.5% 0.5% South Africa

Averages of every year both report within each decade.

Frequently asked questions

Which has higher life insurance premium volume to gdp, South Africa or United Kingdom of Great Britain and Northern Ireland?
South Africa, at 10.8% against 10.5% in United Kingdom of Great Britain and Northern Ireland as of 2019.
What is the difference in life insurance premium volume to gdp between South Africa and United Kingdom of Great Britain and Northern Ireland?
0.3%, with South Africa ahead.
How many years of comparable data are there for South Africa and United Kingdom of Great Britain and Northern Ireland?
25 years are reported by both, from 1994 to 2019.
How do South Africa and United Kingdom of Great Britain and Northern Ireland rank globally for life insurance premium volume to gdp?
South Africa ranks 4th 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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South Africa vs United Kingdom of Great Britain and Northern Ireland: Life insurance premium volume to GDP. Statizoid, drawing on Sigma Reports, Swiss Re. Retrieved 16 September 2026, from https://financial-sector.statizoid.com/compare/life-insurance-premium-volume-to-gdp-percent/south-africa/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.