Insurance business written by class of insurance — Premiums ceded in Korea
Korea: Insurance business written by class of insurance — Premiums ceded was 2,129 Euro in 2023. ◆ Volatile
Latest (2023)
2,129 Euro
Change on year
down 41.8%
Rank
1st
of 3 groups
All-time high
3,658 Euro
in 2022
All-time low
48.53 Euro
in 1994
Years of data
24
1994–2023
Insurance business written by class of insurance — Premiums ceded in Korea, 1994–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
Korea recorded 2,129 Euro for insurance business written by class of insurance — premiums ceded in 2023.
Compared with earlier readings it is down 41.8% on the previous year and up 42.2% over ten years.
Over the whole period, insurance business written by class of insurance — premiums ceded in Korea peaked at 3,658 Euro in 2022 and was at its lowest, 48.53 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 — Premiums ceded in Korea, year by year
| Year | Euro | Change |
|---|---|---|
| 1994 | 48.53 Euro | — |
| 1995 | 51.46 Euro | +6.0% |
| 1996 | 69.94 Euro | +35.9% |
| 1997 | 408.01 Euro | +483.4% |
| 1998 | 330.86 Euro | -18.9% |
| 1999 | 426.4 Euro | +28.9% |
| 2000 | 626.35 Euro | +46.9% |
| 2001 | 309.05 Euro | -50.7% |
| 2003 | 230.64 Euro | -25.4% |
| 2004 | 269.65 Euro | +16.9% |
| 2005 | 396.78 Euro | +47.1% |
| 2010 | 810.71 Euro | +104.3% |
| 2011 | 890.78 Euro | +9.9% |
| 2012 | 1,078 Euro | +21.0% |
| 2013 | 1,496 Euro | +38.9% |
| 2014 | 1,664 Euro | +11.2% |
| 2015 | 2,705 Euro | +62.6% |
| 2016 | 2,228 Euro | -17.6% |
| 2017 | 2,516 Euro | +13.0% |
| 2018 | 2,709 Euro | +7.7% |
| 2020 | 2,962 Euro | +9.3% |
| 2021 | 3,427 Euro | +15.7% |
| 2022 | 3,658 Euro | +6.7% |
| 2023 | 2,129 Euro | -41.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 222.53 Euro | 48.53 Euro | 426.4 Euro | 6 |
| 2000s | 366.49 Euro | 230.64 Euro | 626.35 Euro | 5 |
| 2010s | 1,789 Euro | 810.71 Euro | 2,709 Euro | 9 |
| 2020s | 3,044 Euro | 2,129 Euro | 3,658 Euro | 4 |
Countries ranked near Korea
- 1 Türkiye 305.44 Euro compare
- 1 United States of America 76,254 Euro compare
- 2 Germany 3,459 Euro compare
- 2 Poland 124.4 Euro compare
- 3 Netherlands 42.91 Euro compare
- 3 United Kingdom of Great Britain and Northern Ireland 2,977 Euro compare
- 3 Croatia 7.04 Euro compare
- 4 Canada 2,270 Euro compare
- 4 Slovenia 13.74 Euro compare
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 — premiums ceded in Korea?
- Insurance business written by class of insurance — premiums ceded in Korea was 2,129 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — premiums ceded recorded in Korea?
- The highest recorded value was 3,658 Euro in 2022.
- What is the lowest insurance business written by class of insurance — premiums ceded recorded in Korea?
- The lowest recorded value was 48.53 Euro in 1994.
- How does Korea rank for insurance business written by class of insurance — premiums ceded?
- Korea ranks 1st out of 3 groups with data for 2023.
- Is insurance business written by class of insurance — premiums ceded rising or falling in Korea?
- Over the last ten years it is up 42.2%. 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 — Premiums ceded. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
This dataset covers the breakdown of premiums by insurance class for life and non-life insurance.