The graphs below were created using Google’s
charting tools.
The line graphs show the per person (per capital)
premium expenditures for all insurance coverage for 12 countries from 2002 to
2009. Presumably the per person premium
expenditure was computed by dividing the total premium expenditures for a
country by the country’s population.
The first graph shows six countries with higher
economic development than the countries in the second graph. Based on the data in the graphs, the higher
economically developed countries have, in 2008, per person premium expenditures
about 8 times higher than the countries in the second graph. This suggests an opportunity for insurance
coverage growth in countries lower in economic development.
Another conclusion from the data in the graph for
the United States is that insurance premiums for all insurance coverage, per
person, increased about 6.9 % per year from 2002 to 2009. Such data might be useful in planning and
budgeting for future insurance premium expenditures.
The data used for the graphs were taken form an
Organization for Economic Cooperation and Development (OECD) statistical
table. This table (PDF file) can be
accessed by clicking
here and then clicking “Insurance and Pensions: Key Tables
from OECD” (middle column – Country Tables).
Then, click PDF for “Average insurance spending per capital”.