South Korea Non-Life Insurance Key Trends, Opportunities and Forecasts 2018


In terms of gross written premium, the South Korean non-life segment grew from KRW22.7 trillion (US$17.8 billion) in 2009 to KRW31.1 trillion (US$28.3 billion) in 2013, at a compound annual growth rate (CAGR) of 8.1% during the review period (2009–2013). The strong performance of the property and liability categories – which posted respective CAGRs of 12.5% and 18.1% – supported the segment’s growth. Rising automobiles sales and growing disposable income were among the segment’s other key drivers and are anticipated to remain so over the forecast period (2013–2018). The segment’s gross written premium is therefore projected to post a forecast-period CAGR of 6.0% to reach KRW41.5 trillion (US$40.0 billion) in 2018.

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The report provides in-depth market analysis, information and insights into the South Korean non-life insurance segment, including:

• The South Korean non-life insurance segment’s growth prospects by non-life insurance category

• Key trends, drivers and challenges for the non-life insurance segment

• The various distribution channels in the South Korean non-life insurance segment

• The detailed competitive landscape in the non-life insurance segment in South Korea

• Detailed regulatory policies of the South Korean insurance industry

• Analysis of various consumer segments in South Korean non-life insurance

• Key developments in the South Korean non-life insurance segment

• New products launched by South Korean non-life insurers

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This report provides a comprehensive analysis of the non-life insurance segment in South Korea:

• It provides historical values for South Korea’s non-life insurance segment for the report’s 2009–2013 review...