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 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.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 $162.6bn in 2017, representing a compound annual growth rate (CAGR) of 3.2% between 2013 and 2017.
• The life segment was the market's most lucrative in 2017, with total gross written premiums of $101.0bn, equivalent to 62.1% of the market's overall value.
• Robust growth in 2014 and 2015 gave way to sharp deceleration. The decline in sales reflects the country's low birth-rate and rapidly aging population as well as changes in the life insurance product structure.

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 2017?
• What will be the size of the South Korea insurance market in 2022?
• 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?