Top 10 Countries By Total Insurance Premiums Per Capita and Percent of Gross Domestic Product (GDP), 2017 (1)
Rank Country Total premiums per capita Rank Country Total premiums as a percent of GDP
1 Cayman Islands $12,122 1 Taiwan 21.32%
2 Hong Kong 8,313 2 Cayman Islands 19.61
3 Switzerland 6,811 3 Hong Kong 17.94
4 Denmark 5,772 4 South Africa 13.75
5 Luxembourg 5,011 5 South Korea (2) 11.57
6 Taiwan 4,997 6 Finland 10.65
7 Singapore 4,749 7 Denmark 10.21
8 Finland 4,737 8 United Kingdom 9.58
9 Ireland 4,687 9 Netherlands 9.56
10 Netherlands 4,631 10 France 8.95
  Total world $650   Total world 6.13%
(1) Includes nonlife and life insurance and cross-border business. (2) April 1, 2017 to March 31, 2018. Source: Swiss Re, sigma, No. 3/2018.