Insurance business written by class of insurance — Gross written in Korea
Korea: Insurance business written by class of insurance — Gross written was 36,830 Euro in 2023. ◆ Volatile
Insurance business written by class of insurance — Gross written in Korea, 1994–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
Korea recorded 36,830 Euro for insurance business written by class of insurance — gross written in 2023. That is the highest value across all 27 years on record.
That represents a change of up 0.6% on the previous year and up 8.2% over ten years.
Over the whole period, insurance business written by class of insurance — gross written in Korea peaked at 36,830 Euro in 2023 and was at its lowest, 1,459 Euro, in 1994.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance business written by class of insurance — Gross written in Korea, year by year
| Year | Euro | Change |
|---|---|---|
| 1994 | 1,459 Euro | — |
| 1995 | 2,113 Euro | +44.8% |
| 1996 | 2,873 Euro | +36.0% |
| 1997 | 3,763 Euro | +30.9% |
| 1998 | 3,336 Euro | -11.3% |
| 1999 | 3,805 Euro | +14.1% |
| 2000 | 4,768 Euro | +25.3% |
| 2001 | 4,145 Euro | -13.1% |
| 2003 | 3,226 Euro | -22.2% |
| 2004 | 3,599 Euro | +11.6% |
| 2005 | 4,491 Euro | +24.8% |
| 2007 | 7,666 Euro | +70.7% |
| 2008 | 6,711 Euro | -12.5% |
| 2009 | 6,960 Euro | +3.7% |
| 2010 | 9,565 Euro | +37.4% |
| 2011 | 10,708 Euro | +11.9% |
| 2012 | 12,819 Euro | +19.7% |
| 2013 | 34,039 Euro | +165.5% |
| 2014 | 17,299 Euro | -49.2% |
| 2015 | 31,164 Euro | +80.1% |
| 2016 | 23,580 Euro | -24.3% |
| 2017 | 25,848 Euro | +9.6% |
| 2018 | 27,780 Euro | +7.5% |
| 2020 | 31,325 Euro | +12.8% |
| 2021 | 34,110 Euro | +8.9% |
| 2022 | 36,615 Euro | +7.3% |
| 2023 | 36,830 Euro | +0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,892 Euro | 1,459 Euro | 3,805 Euro | 6 |
| 2000s | 5,196 Euro | 3,226 Euro | 7,666 Euro | 8 |
| 2010s | 21,423 Euro | 9,565 Euro | 34,039 Euro | 9 |
| 2020s | 34,720 Euro | 31,325 Euro | 36,830 Euro | 4 |
Countries ranked near Korea
More economy & growth data for Korea
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- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.21 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.2301 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0475 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0121 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.064 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0485 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.058 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 27.5 Percentage of taxable income (2026)
Frequently asked questions
- What is insurance business written by class of insurance — gross written in Korea?
- Insurance business written by class of insurance — gross written in Korea was 36,830 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — gross written recorded in Korea?
- The highest recorded value was 36,830 Euro in 2023.
- What is the lowest insurance business written by class of insurance — gross written recorded in Korea?
- The lowest recorded value was 1,459 Euro in 1994.
- How does Korea rank for insurance business written by class of insurance — gross written?
- Korea ranks 1st out of 3 groups with data for 2023.
- Is insurance business written by class of insurance — gross written rising or falling in Korea?
- Over the last ten years it is up 8.2%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance business written by class of insurance — Gross written premiums. Statizoid updates them automatically from the source API.
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About this data
This dataset covers the breakdown of premiums by insurance class for life and non-life insurance.