- Country Industry Average annual premium growth from 2019 to 2023 Premium growth in 2021
South AfricaBoth industries1.60%N/A
GermanyBoth industriesN/A1.80%
AustraliaLife and Health insurance2.00%0.20%
AustriaLife and Health insurance0.30%N/A
AustriaBoth industries1.70%N/A
BelgiumBoth industries0.70%N/A
South KoreaLife and Health insurance0.90%1.20%
DenmarkBoth industries1.60%N/A
United States*Life and Health insurance2.70%N/A
Hong KongLife and Health insurance6.00%6.20%
Hong KongBoth industries6.00%5.60%
IndiaLife and Health insurance5.30%4.60%
JapanLife and Health insurance0.90%0.80%
NorwayBoth industries2.10%N/A
Singapore*Life and Health insurance2.40%2.30%
SwitzerlandBoth industries2.10%N/A
Thailand*Life and Health insurance2.10%2.70%
*The average annual premium growth of some countries is for the period starting in 2019 and ending in 2024.