Report cover image

Non-Life Insurance in South Korea

Publisher MarketLine
Published Dec 11, 2025
Length 41 Pages
SKU # MTLN20937276

Description

Non-Life Insurance in South Korea

Summary

Non-Life Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The South Korean non-life insurance market recorded gross written premiums of $24.4 billion in 2024, representing a compound annual growth rate (CAGR) of 2.0% between 2019 and 2024.
  • The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $14.7 billion, equivalent to 60% of the market's overall value.
  • In 2024, South Korea accounted for 4.9% of the Asia-Pacific non-life insurance market.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in South Korea
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the South Korea non-life insurance market by value in 2024?
  • What will be the size of the South Korea non-life insurance market in 2029?
  • What factors are affecting the strength of competition in the South Korea non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's non-life insurance market?

Table of Contents

41 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the challenges in the market?
8 Company Profiles
8.1. KB Financial Group Inc
8.2. Samsung Fire & Marine Insurance Co Ltd
8.3. Hyundai Marine & Fire Insurance Co Ltd
8.4. Meritz Fire & Marine Insurance Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Korea non-life insurance market value: $ billion, 2019-24
Table 2: South Korea non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: South Korea non-life insurance market category segmentation: $ billion, 2019-24
Table 4: South Korea non-life insurance market geography segmentation: $ billion, 2024
Table 5: South Korea non-life insurance market value forecast: $ billion, 2024-29
Table 6: KB Financial Group Inc: Key Facts
Table 7: KB Financial Group Inc: Annual Financial Ratios
Table 8: KB Financial Group Inc: Key Employees
Table 9: Samsung Fire & Marine Insurance Co Ltd: Key Facts
Table 10: Samsung Fire & Marine Insurance Co Ltd: Annual Financial Ratios
Table 11: Samsung Fire & Marine Insurance Co Ltd: Key Employees
Table 12: Hyundai Marine & Fire Insurance Co Ltd: Key Facts
Table 13: Hyundai Marine & Fire Insurance Co Ltd: Annual Financial Ratios
Table 14: Hyundai Marine & Fire Insurance Co Ltd: Key Employees
Table 15: Meritz Fire & Marine Insurance Co Ltd: Key Facts
Table 16: Meritz Fire & Marine Insurance Co Ltd: Key Employees
Table 17: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea non-life insurance market value: $ billion, 2019-24
Figure 2: South Korea non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: South Korea non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: South Korea non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in South Korea, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in South Korea, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in South Korea, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in South Korea, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in South Korea, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in South Korea, 2024

Search Inside Report

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us