Definition of Life Insurance Premium Volume

Ratio of life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.

Related Indicators

• Life Expectancy
• Liquid Liabilities
• Current Account Balance
• Hospital Beds (Total)
• Property Rights Index (0-100)