Phrases with «insurance penetration»

Insurance penetration refers to the overall percentage of people or businesses in a particular area or population that have insurance coverage. In simple terms, it measures the extent to which insurance is being used within a society. For example, if 70% of the population has some type of insurance, then the insurance penetration rate would be 70%. Full definition

Sentences with «insurance penetration»

  • The measure of insurance penetration and density reflects the level of development of the sector. (business-standard.com)
  • There also lies a significant opportunity to improve insurance penetration from its current level of 3.4 % *. (pnbmetlife.com)
  • With insurance penetration being very low in the country, our scheme has the potential to empower society through financial security. (myinvestmentideas.com)
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