Insurance in South Korea

Insurance in South Korea

  • February 2020 •
  • 43 pages •
  • Report ID: 2881582 •
  • Format: PDF
Insurance in South Korea

Summary
Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The South Korean insurance market had total gross written premiums of $180.8bn in 2018, representing a compound annual growth rate (CAGR) of 2.4% between 2014 and 2018.
- The life insurance segment was the market’s most lucrative in 2018, with total gross written premiums of $99.0bn, equivalent to 54.8% of the market’s overall value.
- Decline in sales reflects the country’s low birth-rate and rapidly aging population as well as changes in the life insurance product structure, making the insurance market volatile.

Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in South Korea
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea insurance market with five year forecasts

Reasons to Buy

- What was the size of the South Korea insurance market by value in 2018?
- What will be the size of the South Korea insurance market in 2023?
- What factors are affecting the strength of competition in the South Korea insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in South Korea’s insurance market?
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