Germany vs Korea: Insurance business written by class of insurance — Premiums ceded
Germany
3,459 Euro
in 2024
Korea
2,129 Euro
in 2023
Germany rank
2nd
Korea rank
1st
Insurance business written by class of insurance — Premiums ceded over time
- Germany
- Korea
How they compare
Germany currently reports 3,459 Euro against 2,129 Euro in Korea, a difference of 1,330 Euro.
That makes Germany's figure about 1.6 times Korea's.
The two have swapped places 2 times across 24 shared years of data; in 1994 it was Germany ahead.
Germany ranks 2nd and Korea ranks 1st of 40 countries.
Across the 4 decades both report, Germany averaged higher in 3 and Korea in 1.
Head to head by decade
| Decade | Germany | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1,699 Euro | 222.53 Euro | 1,476 Euro | Germany |
| 2000s | 1,918 Euro | 366.49 Euro | 1,552 Euro | Germany |
| 2010s | 1,636 Euro | 1,789 Euro | 152.97 Euro | Korea |
| 2020s | 3,361 Euro | 3,044 Euro | 317.22 Euro | Germany |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance business written by class of insurance — premiums ceded, Germany or Korea?
- Germany, at 3,459 Euro against 2,129 Euro in Korea as of 2024.
- What is the difference in insurance business written by class of insurance — premiums ceded between Germany and Korea?
- 1,330 Euro, with Germany ahead.
- How many years of comparable data are there for Germany and Korea?
- 24 years are reported by both, from 1994 to 2023.
- How do Germany and Korea rank globally for insurance business written by class of insurance — premiums ceded?
- Germany ranks 2nd and Korea ranks 1st of 40 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Insurance business written by class of insurance — Premiums ceded. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This dataset covers the breakdown of premiums by insurance class for life and non-life insurance.