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Motor Insurance in South Korea to 2021: Market Size, Growth and Forecast Analytics

Motor Insurance in South Korea to 2021: Market Size, Growth and Forecast Analytics

Synopsis

Timetric’s "Motor Insurance in South Korea to 2021: Market Size, Growth and Forecast Analytics" contains detailed historic and forecast data covering Motor Insurance in South Korea. This databook provides values for key performance indicators such as policies and premiums (gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP), insurance penetration (ratio of direct premiums to GDP) and number of active policies).

The research handbook provides the up-to-date market data for period 2012-2016 and illustrative forecast to 2021. Values in the handbook are depicted in USD ($) and local currency by country and number of active policies are represented in millions.

Summary

A contract by which the insurer assumes the risk of any loss the owner or operator of a vehicle and third party may incur through damage to property or persons as the result of an accident.

The total amount of gross written premiums in the motor insurance in South Korea is valued at KRWxxx.xx billion (US$xxx.xx billion) in 2016, which is an increase of xx.xx% from 2012. The category has recorded a CAGR of x.xx% during the review period (2012-2016).

Motor Insurance in South Korea to 2021: Market Size, Growth and Forecast Analytics provides a top-level overview and detailed insight into the operating environment of Insurance industry in South Korea. It is an essential tool for companies active across the South Korea value chain and for new players considering to enter the market.

Scope

Motor Insurance in South Korea to 2021: Market Size, Growth and Forecast Analytics provides you with the following:

  • Overall values of policies and premiums in the Motor Insurance.
  • Values of policies and premiums by product type (motor hull , motor third party liability and Other Motor)
Reasons To Buy
  • Understand the non-life insurance industry covering motor insurance in South Korea.
  • Enhance your knowledge of the market with a breakdown of data including gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP), insurance penetration (ratio of direct premiums to GDP) and number of active policies, by product type (motor hull , motor third party liability and Other Motor) and by single premiums & non single premiums.
  • Allows you to plan future business decisions using the forecast figures given for the segment.
  • The broad but detailed perspective will help all the companies in the Insurance industry to understand and succeed in the challenging market.


1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
1.4 CAGR Definition and Calculation
2 Motor Insurance
2.1 Policies and Premiums
2.1.1 Gross Written Premiums, 2012 - 2016
2.1.2 Gross Written Premiums Forecast, 2017 - 2021
2.1.3 Direct Written Premiums, 2012 - 2016
2.1.4 Direct Written Premiums Forecast, 2017 - 2021
2.1.5 Net Written Premiums, 2012 - 2016
2.1.6 Net Written Premium Forecast, 2017 - 2021
2.1.7 Net Written Premiums (% of GWP) , 2012 - 2016
2.1.8 Net Written Premiums (% of GWP)
2.1.9 Net Earned Premiums, 2012 - 2016
2.1.10 Net Earned Premiums Forecast, 2017 - 2021
2.1.11 Insurance Penetration (Ratio of Direct Premiums to GDP) , 2012 - 2016
2.1.12 Insurance Penetration (Ratio of Direct Premiums to GDP) Forecast, 2017 - 2021
2.1.13 Number of Active Policies, 2012 - 2016
2.1.14 Number of Active Policies Forecast, 2017 - 2021
2.2 Claims and Expenses
2.2.1 Gross Claims, 2012 - 2016
2.2.2 Gross Claims Forecast, 2017 – 2021
2.2.3 Paid Claims, 2012 - 2016
2.2.4 Paid Claims Forecast, 2017 - 2021
2.2.5 Change in Outstanding Reserves, 2012 - 2016
2.2.6 Change in Outstanding Reserves Forecast, 2017 - 2021
2.2.7 Incurred Loss, 2012 - 2016
2.2.8 Incurred Loss Forecast, 2017 - 2021
2.2.9 Loss Ratio (%), 2012 - 2016
2.2.10 Loss Ratio (%) Forecast, 2017 - 2021
3 Motor Insurance - By Product Type
3.1 Motor Hull
3.1.1 Direct Written Premiums, 2012 - 2016
3.1.2 Direct Written Premiums Forecast, 2017 - 2021
3.1.3 Insurance Penetration (Ratio of Direct Premiums to GDP) , 2012 - 2016
3.1.4 Insurance Penetration (Ratio of Direct Premiums to GDP) Forecast, 2017 - 2021
3.1.5 Number of Active Policies, 2012 - 2016
3.1.6 Number of Active Policies Forecast, 2017 - 2021
3.2 Motor Third Party Liability
3.2.1 Direct Written Premiums, 2012 - 2016
3.2.2 Direct Written Premiums Forecast, 2017 - 2021
3.2.3 Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
3.2.4 Insurance Penetration (Ratio of Direct Premiums to GDP) Forecast, 2017 - 2021
3.2.5 Number of Active Policies, 2012 - 2016
3.2.6 Number of Active Policies Forecast, 2017 - 2021
3.3 Other Motor
3.3.1 Direct Written Premiums, 2012 - 2016
3.3.2 Direct Written Premiums Forecast, 2017 - 2021
3.3.3 Insurance Penetration (Ratio of Direct Premiums to GDP) , 2012 - 2016
3.3.4 Insurance Penetration (Ratio of Direct Premiums to GDP) Forecast, 2017 - 2021
3.3.5 Number of Active Policies, 2012 - 2016
3.3.6 Number of Active Policies Forecast, 2017 - 2021
4 Appendix
4.1 Exchange Rates
4.2 About Timetric
4.3 Timetric’s Services
4.4 Disclaimer
List of Tables
Table 1: Timetric - Insurance Market Definitions
Table 2: South Korean Motor Insurance; Gross Written Premiums (US$ Billion), 2012 - 2016
Table 3: South Korean Motor Insurance; Gross Written Premiums (KRW Billion), 2012 - 2016
Table 4: South Korean Motor Insurance; Gross Written Premiums (US$ Billion), 2017-2021
Table 5: South Korean Motor Insurance; Gross Written Premiums (KRW Billion), 2017-2021
Table 6: South Korean Motor Insurance; Direct Written Premiums (US$ Billion), 2012 - 2016
Table 7: South Korean Motor Insurance; Direct Written Premiums (KRW Billion), 2012 - 2016
Table 8: South Korean Motor Insurance; Direct Written Premiums (US$ Billion), 2017-2021
Table 9: South Korean Motor Insurance; Direct Written Premiums (KRW Billion), 2017-2021
Table 10: South Korean Motor Insurance; Net Written Premiums (US$ Billion), 2012 - 2016
Table 11: South Korean Motor Insurance; Net Written Premiums (KRW Billion), 2012 - 2016
Table 12: South Korean Motor Insurance; Net Written Premiums (US$ Billion), 2017-2021
Table 13: South Korean Motor Insurance; Net Written Premiums (KRW Billion), 2017-2021
Table 14: South Korean Motor Insurance; Net Written Premiums (% of GWP), 2012 - 2016
Table 15: South Korean Motor Insurance; Net Written Premiums (% of GWP), 2017-2021
Table 16: South Korean Motor Insurance; Net Earned Premiums (US$ Billion), 2012 - 2016
Table 17: South Korean Motor Insurance; Net Earned Premiums (KRW Billion), 2012 - 2016
Table 18: South Korean Motor Insurance; Net Earned Premiums (US$ Billion), 2017-2021
Table 19: South Korean Motor Insurance; Net Earned Premiums (KRW Billion), 2017-2021
Table 20: South Korean Motor Insurance; Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Table 21: South Korean Motor Insurance; Penetration (Ratio of Direct Premiums to GDP), 2017-2021
Table 22: South Korean Motor Insurance; Number of Active Policies (Million), 2012 - 2016
Table 23: South Korean Motor Insurance; Number of Active Policies (Million), 2017-2021
Table 24: South Korean Motor Insurance; Gross Claims (US$ Billion), 2012 - 2016
Table 25: South Korean Motor Insurance; Gross Claims (KRW Billion), 2012 - 2016
Table 26: South Korean Motor Insurance; Gross Claims (US$ Billion), 2017-2021
Table 27: South Korean Motor Insurance; Gross Claims (KRW Billion), 2017-2021
Table 28: South Korean Motor Insurance; Paid Claims (US$ Billion), 2012 - 2016
Table 29: South Korean Motor Insurance; Paid Claims (KRW Billion), 2012 - 2016
Table 30: South Korean Motor Insurance; Paid Claims (US$ Billion), 2017-2021
Table 31: South Korean Motor Insurance; Paid Claims (KRW Billion), 2017-2021
Table 32: South Korean Motor Insurance; Change in Outstanding Reserves (US$ Billion), 2012 - 2016
Table 33: South Korean Motor Insurance; Change in Outstanding Reserves (KRW Billion), 2012 - 2016
Table 34: South Korean Motor Insurance; Change in Outstanding Reserves (US$ Billion), 2017-2021
Table 35: South Korean Motor Insurance; Change in Outstanding Reserves (KRW Billion), 2017-2021
Table 36: South Korean Motor Insurance; Incurred Loss (US$ Billion), 2012 - 2016
Table 37: South Korean Motor Insurance; Incurred Loss (KRW Billion), 2012 - 2016
Table 38: South Korean Motor Insurance; Incurred Loss (US$ Billion), 2017-2021
Table 39: South Korean Motor Insurance; Incurred Loss (KRW Billion), 2017-2021
Table 40: South Korean Motor Insurance; Loss Ratio (Percentage), 2012 - 2016
Table 41: South Korean Motor Insurance; Loss Ratio (Percentage ), 2017-2021
Table 42: South Korean Motor Insurance by Motor Hull; Direct Written Premiums (US$ Billion), 2012 - 2016
Table 43: South Korean Motor Insurance by Motor Hull; Direct Written Premiums (KRW Billion), 2012 - 2016
Table 44: South Korean Motor Insurance by Motor Hull; Direct Written Premiums (US$ Billion), 2017-2021
Table 45: South Korean Motor Insurance by Motor Hull; Direct Written Premiums (KRW Billion), 2017-2021
Table 46: South Korean Motor Insurance by Motor Hull; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Table 47: South Korean Motor Insurance by Motor Hull; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017-2021
Table 48: South Korean Motor Insurance by Motor Hull; Number of Active Policies (Million), 2012 - 2016
Table 49: South Korean Motor Insurance by Motor Hull; Number of Active Policies (Million), 2017-2021
Table 50: South Korean Motor Insurance by Motor Third Party Liability; Direct Written Premiums (US$ Billion), 2012 - 2016
Table 51: South Korean Motor Insurance by Motor Third Party Liability; Direct Written Premiums (KRW Billion), 2012 - 2016
Table 52: South Korean Motor Insurance by Motor Third Party Liability; Direct Written Premiums (US$ Billion), 2017-2021
Table 53: South Korean Motor Insurance by Motor Third Party Liability; Direct Written Premiums (KRW Billion), 2017-2021
Table 54: South Korean Motor Insurance by Motor Third Party Liability; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Table 55: South Korean Motor Insurance by Motor Third Party Liability; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017-2021
Table 56: South Korean Motor Insurance by Motor Third Party Liability; Number of Active Policies (Million), 2012 - 2016
Table 57: South Korean Motor Insurance by Motor Third Party Liability; Number of Active Policies (Million), 2017-2021
Table 58: South Korean Motor Insurance by Other Motor; Direct Written Premiums (US$ Billion), 2012 - 2016
Table 59: South Korean Motor Insurance by Other Motor; Direct Written Premiums (KRW Billion), 2012 - 2016
Table 60: South Korean Motor Insurance by Other Motor; Direct Written Premiums (US$ Billion), 2017-2021
Table 61: South Korean Motor Insurance by Other Motor; Direct Written Premiums (KRW Billion), 2017-2021
Table 62: South Korean Motor Insurance by Other Motor; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Table 63: South Korean Motor Insurance by Other Motor; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017-2021
Table 64: South Korean Motor Insurance by Other Motor; Number of Active Policies (Million), 2012 - 2016
Table 65: South Korean Motor Insurance by Other Motor; Number of Active Policies (Million), 2017-2021
Table 66: Exchange Rates (Annual Average), 2012 – 2016
Table 67: Exchange Rates (Annual Average), 2017 – 2021
List of Figures
Figure 1: South Korean Motor Insurance; Gross Written Premiums (KRW Billion), 2012 - 2016
Figure 2: South Korean Motor Insurance; Gross Written Premiums (KRW Billion), 2017-2021
Figure 3: South Korean Motor Insurance; Direct Written Premiums (KRW Billion), 2012 - 2016
Figure 4: South Korean Motor Insurance; Direct Written Premiums (KRW Billion), 2017-2021
Figure 5: South Korean Motor Insurance; Net Written Premiums (KRW Billion), 2012 - 2016
Figure 6: South Korean Motor Insurance; Net Written Premiums (KRW Billion), 2017-2021
Figure 7: South Korean Motor Insurance; Net Written Premiums (% of GWP), 2012 - 2016
Figure 8: South Korean Motor Insurance; Net Written Premiums (% of GWP), 2017-2021
Figure 9: South Korean Motor Insurance; Net Earned Premiums (KRW Billion), 2012 - 2016
Figure 10: South Korean Motor Insurance; Net Earned Premiums (KRW Billion), 2017-2021
Figure 11: South Korean Motor Insurance; Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Figure 12: South Korean Motor Insurance; Penetration Ratio of Direct Premiums to GDP), 2017-2021
Figure 13: South Korean Motor Insurance; Number of Active Policies (Million), 2012 - 2016
Figure 14: South Korean Motor Insurance; Number of Active Policies (Million), 2017-2021
Figure 15: South Korean Motor Insurance; Gross Claims (KRW Billion), 2012 - 2016
Figure 16: South Korean Motor Insurance; Gross Claims (KRW Billion), 2017-2021
Figure 17: South Korean Motor Insurance; Paid Claims (KRW Billion), 2012 - 2016
Figure 18: South Korean Motor Insurance; Paid Claims (KRW Billion), 2017-2021
Figure 19: South Korean Motor Insurance; Change in Outstanding Reserves (KRW Billion), 2012 - 2016
Figure 20: South Korean Motor Insurance; Change in Outstanding Reserves (KRW Billion), 2017-2021
Figure 21: South Korean Motor Insurance; Incurred Loss (KRW Billion), 2012 - 2016
Figure 22: South Korean Motor Insurance; Incurred Loss (KRW Billion), 2017-2021
Figure 23: South Korean Motor Insurance; Loss Ratio (Percentage), 2012 - 2016
Figure 24: South Korean Motor Insurance; Loss Ratio (Percentage ) 2017-2021
Figure 25: South Korean Motor Insurance by Motor Hull; Direct Written Premiums (KRW Billion) 2012 - 2016
Figure 26: South Korean Motor Insurance by Motor Hull; Direct Written Premiums (KRW Billion) 2017-2021
Figure 27: South Korean Motor Insurance by Motor Hull; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Figure 28: South Korean Motor Insurance by Motor Hull; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017-2021
Figure 29: South Korean Motor Insurance by Motor Hull; Number of Active Policies (Million), 2012 - 2016
Figure 30: South Korean Motor Insurance by Motor Hull; Number of Active Policies (Million), 2017-2021
Figure 31: South Korean Motor Insurance by Motor Third Party Liability; Direct Written Premiums (KRW Billion) 2012 - 2016
Figure 32: South Korean Motor Insurance by Motor Third Party Liability; Direct Written Premiums (KRW Billion) 2017-2021
Figure 33: South Korean Motor Insurance by Motor Third Party Liability; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Figure 34: South Korean Motor Insurance by Motor Third Party Liability; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017-2021
Figure 35: South Korean Motor Insurance by Motor Third Party Liability; Number of Active Policies (Million), 2012 - 2016
Figure 36: South Korean Motor Insurance by Motor Third Party Liability; Number of Active Policies (Million), 2017-2021
Figure 37: South Korean Motor Insurance by Other Motor; Direct Written Premiums (KRW Billion) 2012 - 2016
Figure 38: South Korean Motor Insurance by Other Motor; Direct Written Premiums (KRW Billion) 2017-2021
Figure 39: South Korean Motor Insurance by Other Motor; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Figure 40: South Korean Motor Insurance by Other Motor; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017-2021
Figure 41: South Korean Motor Insurance by Other Motor; Number of Active Policies (Million), 2012 - 2016
Figure 42: South Korean Motor Insurance by Other Motor; Number of Active Policies (Million), 2017-2021

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