Which has higher non-life insurance premium volume to gdp, Canada or Republic of Korea?

Republic of Korea, at 4.6% against 3.3% in Canada as of 2020.

What is the difference in non-life insurance premium volume to gdp between Canada and Republic of Korea?

1.3%, with Republic of Korea ahead.

How many years of comparable data are there for Canada and Republic of Korea?

31 years are reported by both, from 1990 to 2020.

Where does this data come from?

Sigma Reports, Swiss Re, published as Non-life insurance premium volume to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Canada vs Republic of Korea: Non-life insurance premium volume to GDP

Canada

3.3%

in 2020

Republic of Korea

4.6%

in 2020

Canada rank

6th

Republic of Korea rank

3rd

Non-life insurance premium volume to GDP over time

Canada
Republic of Korea

How they compare

Republic of Korea currently reports 4.6% against 3.3% in Canada, a difference of 1.3%.

That makes Republic of Korea's figure about 1.4 times Canada's.

The two have swapped places 5 times across 31 shared years of data; in 1990 it was Canada ahead.

Canada ranks 6th and Republic of Korea ranks 3rd of 167 countries.

Across the 4 decades both report, Canada averaged higher in 1 and Republic of Korea in 3.

Head to head by decade

Decade	Canada	Republic of Korea	Difference	Ahead
1990s	2.3%	2.3%	0.0%	Canada
2000s	2.4%	2.7%	0.3%	Republic of Korea
2010s	2.6%	4.4%	1.9%	Republic of Korea
2020s	3.3%	4.6%	1.3%	Republic of Korea

Averages of every year both report within each decade.

Frequently asked questions

Which has higher non-life insurance premium volume to gdp, Canada or Republic of Korea?: Republic of Korea, at 4.6% against 3.3% in Canada as of 2020.
What is the difference in non-life insurance premium volume to gdp between Canada and Republic of Korea?: 1.3%, with Republic of Korea ahead.
How many years of comparable data are there for Canada and Republic of Korea?: 31 years are reported by both, from 1990 to 2020.
How do Canada and Republic of Korea rank globally for non-life insurance premium volume to gdp?: Canada ranks 6th and Republic of Korea ranks 3rd of 167 countries.
Where does this data come from?: Sigma Reports, Swiss Re, published as Non-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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Canada vs Republic of Korea: Non-life insurance premium volume to GDP. Statizoid, drawing on Sigma Reports, Swiss Re. Retrieved 08 September 2026, from https://financial-sector.statizoid.com/compare/non-life-insurance-premium-volume-to-gdp-percent/canada/korea-rep/

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About this data

Indicator: Non-life insurance premium volume to GDP (%)
Unit: %
Source: Sigma Reports, Swiss Re
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 167 places, 4,353 data points, 1990–2020
Last refreshed: 04 September 2026

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.