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Non-Life Insurance in South Korea

  • January 2016
  • -
  • MarketLine
  • -
  • 38 pages

Introduction

Non-Life Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). 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 non-life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others.

- The South Korean non-life insurance market is expected to generate total gross written premiums of $61.2bn in 2015, representing a compound annual growth rate (CAGR) of 5.7% between 2011 and 2015.

- The property segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $21.5bn, equivalent to 35% of the market's overall value. The

- A slowdown in 2013 can largely be attributed to a decline in sales of long term products following tax reforms.

Features

- 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

- Macroeconomic indicators provide insight into general trends within the South Korea economy

Key Questions Answered

- What was the size of the South Korea non-life insurance market by value in 2015?

- What will be the size of the South Korea non-life insurance market in 2020?

- 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?

- Who are the top competitiors in South Korea's non-life insurance market?

Table Of Contents

Non-Life Insurance in South Korea
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 16
New entrants 18
Threat of substitutes 19
Degree of rivalry 20
Leading Companies 21
Dongbu Insurance Co., Ltd. 21
Hyundai Marine and Fire Insurance Co., Ltd. 24
KB Insurance 27
Samsung Fire and Marine Insurance Co., Ltd. 30
Macroeconomic Indicators 33
Country Data 33
Methodology 35
Industry associations 36
Related MarketLine research 36
Appendix 37
About MarketLine 37

List of Tables
Table 1: South Korea non-life insurance market value: $ billion, 2011-15(e)
Table 2: South Korea non-life insurance market category segmentation: $ billion, 2015(e)
Table 3: South Korea non-life insurance market geography segmentation: $ billion, 2015(e)
Table 4: South Korea non-life insurance market share: % share, by value, 2015(e)
Table 5: South Korea non-life insurance market value forecast: $ billion, 2015-20
Table 6: Dongbu Insurance Co., Ltd.: key facts
Table 7: Dongbu Insurance Co., Ltd.: key financials ($)
Table 8: Dongbu Insurance Co., Ltd.: key financials (KRW)
Table 9: Dongbu Insurance Co., Ltd.: key financial ratios
Table 10: Hyundai Marine and Fire Insurance Co., Ltd.: key facts
Table 11: Hyundai Marine and Fire Insurance Co., Ltd.: key financials ($)
Table 12: Hyundai Marine and Fire Insurance Co., Ltd.: key financials (KRW)
Table 13: Hyundai Marine and Fire Insurance Co., Ltd.: key financial ratios
Table 14: KB Insurance: key facts
Table 15: KB Insurance: key financials ($)
Table 16: KB Insurance: key financials (KRW)
Table 17: KB Insurance: key financial ratios
Table 18: Samsung Fire and Marine Insurance Co., Ltd.: key facts
Table 19: Samsung Fire and Marine Insurance Co., Ltd.: key financials ($)
Table 20: Samsung Fire and Marine Insurance Co., Ltd.: key financials (KRW)
Table 21: Samsung Fire and Marine Insurance Co., Ltd.: key financial ratios
Table 22: South Korea size of population (million), 2011-15
Table 23: South Korea gdp (constant 2005 prices, $ billion), 2011-15
Table 24: South Korea gdp (current prices, $ billion), 2011-15
Table 25: South Korea inflation, 2011-15
Table 26: South Korea consumer price index (absolute), 2011-15
Table 27: South Korea exchange rate, 2011-15

List of Figures
Figure 1: South Korea non-life insurance market value: $ billion, 2011-15(e)
Figure 2: South Korea non-life insurance market category segmentation: % share, by value, 2015(e)
Figure 3: South Korea non-life insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: South Korea non-life insurance market share: % share, by value, 2015(e)
Figure 5: South Korea non-life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the non-life insurance market in South Korea, 2015
Figure 7: Drivers of buyer power in the non-life insurance market in South Korea, 2015
Figure 8: Drivers of supplier power in the non-life insurance market in South Korea, 2015
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in South Korea, 2015
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in South Korea, 2015
Figure 11: Drivers of degree of rivalry in the non-life insurance market in South Korea, 2015
Figure 12: Dongbu Insurance Co., Ltd.: revenues and profitability
Figure 13: Dongbu Insurance Co., Ltd.: assets and liabilities
Figure 14: Hyundai Marine and Fire Insurance Co., Ltd.: revenues and profitability
Figure 15: Hyundai Marine and Fire Insurance Co., Ltd.: assets and liabilities
Figure 16: KB Insurance: revenues and profitability
Figure 17: KB Insurance: assets and liabilities
Figure 18: Samsung Fire and Marine Insurance Co., Ltd.: revenues and profitability
Figure 19: Samsung Fire and Marine Insurance Co., Ltd.: assets and liabilities

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