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