Insurance business written by class of insurance — Net written in Korea
Korea: Insurance business written by class of insurance — Net written was 34,701 Euro in 2023. ◆ Volatile
Insurance business written by class of insurance — Net written in Korea, 1994–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
The most recent figure for insurance business written by class of insurance — net written in Korea is 34,701 Euro, measured in 2023. That is the highest value across all 25 years on record.
The figure is up 5.3% on the previous year and up 6.6% over ten years.
Over the whole period, insurance business written by class of insurance — net written in Korea peaked at 34,701 Euro in 2023 and was at its lowest, 1,410 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 — Net written in Korea, year by year
| Year | Euro | Change |
|---|---|---|
| 1994 | 1,410 Euro | — |
| 1995 | 2,062 Euro | +46.2% |
| 1996 | 2,803 Euro | +36.0% |
| 1997 | 3,354 Euro | +19.7% |
| 1998 | 3,005 Euro | -10.4% |
| 1999 | 3,379 Euro | +12.4% |
| 2000 | 4,142 Euro | +22.6% |
| 2001 | 3,836 Euro | -7.4% |
| 2003 | 2,995 Euro | -21.9% |
| 2004 | 3,329 Euro | +11.2% |
| 2005 | 4,094 Euro | +23.0% |
| 2009 | 6,359 Euro | +55.3% |
| 2010 | 8,755 Euro | +37.7% |
| 2011 | 9,817 Euro | +12.1% |
| 2012 | 11,741 Euro | +19.6% |
| 2013 | 32,542 Euro | +177.2% |
| 2014 | 15,636 Euro | -52.0% |
| 2015 | 28,459 Euro | +82.0% |
| 2016 | 21,353 Euro | -25.0% |
| 2017 | 23,331 Euro | +9.3% |
| 2018 | 25,071 Euro | +7.5% |
| 2020 | 28,363 Euro | +13.1% |
| 2021 | 30,682 Euro | +8.2% |
| 2022 | 32,957 Euro | +7.4% |
| 2023 | 34,701 Euro | +5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,669 Euro | 1,410 Euro | 3,379 Euro | 6 |
| 2000s | 4,126 Euro | 2,995 Euro | 6,359 Euro | 6 |
| 2010s | 19,634 Euro | 8,755 Euro | 32,542 Euro | 9 |
| 2020s | 31,676 Euro | 28,363 Euro | 34,701 Euro | 4 |
Countries ranked near Korea
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.03 Percent per annum (2029)
- 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 — net written in Korea?
- Insurance business written by class of insurance — net written in Korea was 34,701 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — net written recorded in Korea?
- The highest recorded value was 34,701 Euro in 2023.
- What is the lowest insurance business written by class of insurance — net written recorded in Korea?
- The lowest recorded value was 1,410 Euro in 1994.
- How does Korea rank for insurance business written by class of insurance — net written?
- Korea ranks 1st out of 3 groups with data for 2023.
- Is insurance business written by class of insurance — net written rising or falling in Korea?
- Over the last ten years it is up 6.6%. 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 — Net 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.