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Insurance in South Korea

Insurance in South Korea

Summary

Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the South Korea insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

The South Korean insurance market had total gross written premiums of $160.8bn in 2016, representing a compound annual growth rate (CAGR) of 1.8% between 2012 and 2016.

The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $103.2bn, equivalent to 64.2% of the market's overall value.

The growth deceleration of the market in the last three years has been induced by weaker demand for life insurance products amid a relaxed monetary policy in that period.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in South Korea
  • Leading company profiles reveal details of key insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea insurance market with five year forecasts
Reasons to buy
  • What was the size of the South Korea insurance market by value in 2016?
  • What will be the size of the South Korea insurance market in 2021?
  • What factors are affecting the strength of competition in the South Korea insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in South Korea's insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Hanwha Life Insurance Co Ltd
Hyundai Marine & Fire Insurance Company Limited
Samsung Fire & Marine Insurance Co., Ltd.
Samsung Life Insurance Co Ltd
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: South Korea insurance market value: $ billion, 2012-16
Table 2: South Korea insurance market category segmentation: $ billion, 2016
Table 3: South Korea insurance market geography segmentation: $ billion, 2016
Table 4: South Korea insurance market value forecast: $ billion, 2016-21
Table 5: Hanwha Life Insurance Co Ltd: key facts
Table 6: Hanwha Life Insurance Co Ltd: key financials ($)
Table 7: Hanwha Life Insurance Co Ltd: key financials (KRW)
Table 8: Hanwha Life Insurance Co Ltd: key financial ratios
Table 9: Hyundai Marine & Fire Insurance Company Limited: key facts
Table 10: Hyundai Marine & Fire Insurance Company Limited: key financials ($)
Table 11: Hyundai Marine & Fire Insurance Company Limited: key financials (KRW)
Table 12: Hyundai Marine & Fire Insurance Company Limited: key financial ratios
Table 13: Samsung Fire & Marine Insurance Co., Ltd.: key facts
Table 14: Samsung Fire & Marine Insurance Co., Ltd.: key financials ($)
Table 15: Samsung Fire & Marine Insurance Co., Ltd.: key financials (KRW)
Table 16: Samsung Fire & Marine Insurance Co., Ltd.: key financial ratios
Table 17: Samsung Life Insurance Co Ltd: key facts
Table 18: Samsung Life Insurance Co Ltd: key financials ($)
Table 19: Samsung Life Insurance Co Ltd: key financials (KRW)
Table 20: Samsung Life Insurance Co Ltd: key financial ratios
Table 21: South Korea size of population (million), 2012-16
Table 22: South Korea gdp (constant 2005 prices, $ billion), 2012-16
Table 23: South Korea gdp (current prices, $ billion), 2012-16
Table 24: South Korea inflation, 2012-16
Table 25: South Korea consumer price index (absolute), 2012-16
Table 26: South Korea exchange rate, 2012-16
List of Figures
Figure 1: South Korea insurance market value: $ billion, 2012-16
Figure 2: South Korea insurance market category segmentation: % share, by value, 2016
Figure 3: South Korea insurance market geography segmentation: % share, by value, 2016
Figure 4: South Korea insurance market value forecast: $ billion, 2016-21
Figure 5: Forces driving competition in the insurance market in South Korea, 2016
Figure 6: Drivers of buyer power in the insurance market in South Korea, 2016
Figure 7: Drivers of supplier power in the insurance market in South Korea, 2016
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in South Korea, 2016
Figure 9: Factors influencing the threat of substitutes in the insurance market in South Korea, 2016
Figure 10: Drivers of degree of rivalry in the insurance market in South Korea, 2016
Figure 11: Hanwha Life Insurance Co Ltd: revenues & profitability
Figure 12: Hanwha Life Insurance Co Ltd: assets & liabilities
Figure 13: Hyundai Marine & Fire Insurance Company Limited: revenues & profitability
Figure 14: Hyundai Marine & Fire Insurance Company Limited: assets & liabilities
Figure 15: Samsung Fire & Marine Insurance Co., Ltd.: revenues & profitability
Figure 16: Samsung Fire & Marine Insurance Co., Ltd.: assets & liabilities
Figure 17: Samsung Life Insurance Co Ltd: revenues & profitability
Figure 18: Samsung Life Insurance Co Ltd: assets & liabilities

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