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”.