Non-Life Insurance in South Korea

Non-Life Insurance in South Korea

  • December 2016
  • 38 pages
  • MarketLine
Report ID: 168983
Summary
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.

Key Findings
- 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

Synopsis
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.

Reasons To Buy
- 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 competitors in South Korea's non-life insurance market?

Key Findings
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 value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer's premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2015 annual average exchange rates.

The South Korean non-life insurance market had total gross written premiums of $56.7bn in 2015, representing a compound annual growth rate (CAGR) of 5.5% between 2011 and 2015.

The property segment was the market's most lucrative in 2015, with total gross written premiums of $19.9bn, equivalent to 35% of the market's overall value.

The four leading companies in the South Korean non-life insurance account for around 80% of the gross written premiums, a high level of concentration that intensifies rivalry.
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Dongbu Insurance Co., Ltd.
Hyundai Marine & Fire Insurance Company Limited
KB Insurance
Samsung Fire & Marine Insurance Co., Ltd.
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine


List of Tables
Table 1: South Korea non-life insurance market value: $ billion, 2011-15
Table 2: South Korea non-life insurance market category segmentation: $ billion, 2015
Table 3: South Korea non-life insurance market geography segmentation: $ billion, 2015
Table 4: South Korea non-life insurance market share: % share, by value, 2015
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 ($)
Table 8: Dongbu Insurance Co., Ltd.: key financials (KRW)
Table 9: Dongbu Insurance Co., Ltd.: key financial ratios
Table 10: Hyundai Marine & Fire Insurance Company Limited: key facts
Table 11: Hyundai Marine & Fire Insurance Company Limited: key financials ($)
Table 12: Hyundai Marine & Fire Insurance Company Limited: key financials (KRW)
Table 13: Hyundai Marine & Fire Insurance Company Limited: key financial ratios
Table 14: KB Insurance: key facts
Table 15: KB Insurance: key financials ($)
Table 16: KB Insurance: key financials (KRW)
Table 17: KB Insurance: key financial ratios
Table 18: Samsung Fire & Marine Insurance Co., Ltd.: key facts
Table 19: Samsung Fire & Marine Insurance Co., Ltd.: key financials ($)
Table 20: Samsung Fire & Marine Insurance Co., Ltd.: key financials (KRW)
Table 21: Samsung Fire & 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
Figure 2: South Korea non-life insurance market category segmentation: % share, by value, 2015
Figure 3: South Korea non-life insurance market geography segmentation: % share, by value, 2015
Figure 4: South Korea non-life insurance market share: % share, by value, 2015
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 & profitability
Figure 13: Dongbu Insurance Co., Ltd.: assets & liabilities
Figure 14: Hyundai Marine & Fire Insurance Company Limited: revenues & profitability
Figure 15: Hyundai Marine & Fire Insurance Company Limited: assets & liabilities
Figure 16: KB Insurance: revenues & profitability
Figure 17: KB Insurance: assets & liabilities
Figure 18: Samsung Fire & Marine Insurance Co., Ltd.: revenues & profitability
Figure 19: Samsung Fire & Marine Insurance Co., Ltd.: assets & liabilities
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Country=SouthKorea Industry=Insurance ParentIndustry=FinancialServices Date=201612 Topic=MarketReport Publisher=MarketLine Price=1000