Insurance in South Korea

Insurance in South Korea

Datamonitor's Insurance in South Korea industry profile is an essential resource for top-level data and analysis covering the insurance industry. It includes detailed data on market size and segmentation, plus textual analysis of the key trends and competitive landscape, demographic information, and descriptions of the leading companies.

Scope

* Contains an executive summary and data on value, volume and segmentation

* Provides textual analysis of the industry's prospects, competitive landscape and leading companies

* Includes a five-year forecast of the industry

* Supported by the key macroeconomic and demographic data affecting the market

Why you should buy this report

* Spot future trends and developments

* Inform your business decisions

* Add weight to presentations and marketing materials

* Save time carrying out entry-level research

Market Definition

The global insurance industry profile is comprised of both life insurance & pensions and non-life insurance. The life insurance & pensions market comprises life insurance and retirement savings products. However contributions made to the state social insurance are not included. The non-life insurance industry consists of the market for accident and health insurance, as well as, the market for property and casualty insurance. The value of the insurance industry is shown in terms of gross premium incomes which have been converted to US dollars at the 2004 annual average exchange rate.

Insurance markets depend on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the markets are likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. This research was done before Hurricane Katrina struck and hence the forecast doesn't take into account any consequent rate hardening for catastrophe risks.

For the purpose of this report, Asia-Pacific comprises of Australia, China, India, Japan, South Korea, and Taiwan.

Europe comprises of Belgium, Czech Republic, Denmark, France, Germany, Hungary, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, and the UK.

The global market comprises Asia-Pacific, Europe, Canada, US, Brazil, Mexico, and South Africa.