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Insurance penetration is a commonly recognised indicator of insurance activity. It is expressed by total gross written premiums as a percentage of GDP.

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Q: What is insurance penetration?
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Difference between insurance density and insurance penetration?

Insurance density refers to the amount of premium paid per capita in a specific region, while insurance penetration is the percentage of the total population that has purchased insurance. In other words, insurance density measures the level of insurance spending per person, whereas insurance penetration indicates the extent of insurance coverage within a population.


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