1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > South Korea Insurance Report Q4 2016

South Korea Insurance Report Q4 2016

  • October 2016
  • -
  • Business Monitor International
  • -
  • 53 pages

Includes 3 FREE quarterly updates

BMI View:

Both the life and the non-life segments of South Korea's sophisticated insurance sector should benefit from the ageing of the population. In Q416, we have made slight upwards adjustments to our estimates of life and long-term insurance premiums in 2015, but have otherwise left our forecasts unchanged.


Key Updates And Forecasts

- South Korea is in many ways the archetypal North Asian insurance sector. Life insurance has long played a central role in the economy and society as a conduit for organised savings. This is in a country where the savings rate has typically been high and the provision of social security by the state has been limited. Two factors set the insurance sector apart from others. One is the fact that long-term savings and protection products are also a very important business for South Korea's non-life companies, which effectively operate as composites. The other is that many of the leading companies benefit from their association with the chaebol corporate groups which dominate South Korea's economy.

Table Of Contents

South Korea Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (South Korea 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (South Korea 2013-2020) 12
Table: Life Insurance Claims (South Korea 2008-2015) 13
Non-Life Premiums Forecast 14
Table: Non-Life Premiums (South Korea 2013-2020) 17
Table: Non-Life Insurance Claims (South Korea 2009-2014) 18
Non-Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums by Product Line (South Korea 2013-2020) 25
Industry Risk Reward Ratings 27
Asia Pacific Industry Risk/Reward Index 27
Table: Asia Pacific Insurance Risk/Reward Index Q416 28
Market Overview 29
Life Market Overview 29
Product Offering 29
Competitive Landscape 30
Table: Company Performance: Life Insurance Market (USDmn) 2009-2014 32
Table: Company Performance: Life Insurance Market (%) 2007-2012 33
Non-Life Market Overview 34
Product Offering 34
Competitive Landscape 34
Table: Company Performance: Non-Life Insurance Market (USDmn) 36
Table: Company Performance: Non-Life Insurance Market (%) 37
Company Profile 38
Hanwha Life 38
Samsung Life 41
Samsung Fire and Marine 44
Methodology 47
Industry Forecast Methodology 47
Sector-Specific Methodology 48
Risk/Reward Index Methodology 50
Table: Indicators 52
Table: Weighting of Indicators 53

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • October 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Belarus, Key Trends and Opportunities to 2020' report provides a detailed analysis of Belarusian insurance industry. It provides key performance indicators ...

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • September 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020' report provides a detailed analysis of Montenegrin insurance industry. It provides key performance indicators ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.