Insurance in South Korea

Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: 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 insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

The South Korean insurance market is expected to generate total gross written premiums of $171.7bn in 2015, representing a compound annual growth rate (CAGR) of 6.7% between 2011 and 2015.

The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $110.5bn, equivalent to 64.3% of the market's overall value.

Within the non-life segment, a slowdown in 2013 can largely be attributed to a decline in sales of long term products following tax reforms. Premium growth was bolstered in 2014 and 2015 by an increase in motor insurance premium rates.

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

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

Reasons to buy

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

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

What factors are affecting the strength of competition in the South Korea insurance market?

How has the market performed over the last five years?

What are the main segments that make up South Korea's insurance market?

Companies mentioned

Hanwha Life Insurance Co., Ltd., Kyobo Life Insurance Co,, NongHyup Life Insurance Co., LTD, Samsung Life Insurance Co., Ltd.

Table of Contents

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 17

Threat of substitutes 18

Degree of rivalry 19

Leading Companies 20

Hanwha Life Insurance Co., Ltd. 20

Kyobo Life Insurance Co, 23

NongHyup Life Insurance Co., LTD 26

Samsung Life Insurance Co., Ltd. 27

Macroeconomic Indicators 30

Country Data 30

Methodology 32

Industry associations 33

Related MarketLine research 33

Appendix 34

About MarketLine 34

List of Tables

Table 1: South Korea insurance market value: $ billion, 201115(e)

Table 2: South Korea insurance market category segmentation: $ billion, 2015(e)

Table 3: South Korea insurance market geography segmentation: $ billion, 2015(e)

Table 4: South Korea insurance market share: % share, by value, 2015(e)

Table 5: South Korea insurance market value forecast: $ billion, 201520

Table 6: Hanwha Life Insurance Co., Ltd.: key facts

Table 7: Hanwha Life Insurance Co., Ltd.: key financials ($)

Table 8: Hanwha Life Insurance Co., Ltd.: key financials (KRW)

Table 9: Hanwha Life Insurance Co., Ltd.: key financial ratios

Table 10: Kyobo Life Insurance Co, : key facts

Table 11: Kyobo Life Insurance Co, : key financials ($)

Table 12: Kyobo Life Insurance Co, : key financials (KRW)

Table 13: Kyobo Life Insurance Co, : key financial ratios

Table 14: NongHyup Life Insurance Co., LTD: key facts

Table 15: Samsung Life Insurance Co., Ltd.: key facts

Table 16: Samsung Life Insurance Co., Ltd.: key financials ($)

Table 17: Samsung Life Insurance Co., Ltd.: key financials (KRW)

Table 18: Samsung Life Insurance Co., Ltd.: key financial ratios

Table 19: South Korea size of population (million), 201115

Table 20: South Korea gdp (constant 2005 prices, $ billion), 201115

Table 21: South Korea gdp (current prices, $ billion), 201115

Table 22: South Korea inflation, 201115

Table 23: South Korea consumer price index (absolute), 201115

Table 24: South Korea exchange rate, 201115

List of Figures

Figure 1: South Korea insurance market value: $ billion, 201115(e)

Figure 2: South Korea insurance market category segmentation: % share, by value, 2015(e)

Figure 3: South Korea insurance market geography segmentation: % share, by value, 2015(e)

Figure 4: South Korea insurance market share: % share, by value, 2015(e)

Figure 5: South Korea insurance market value forecast: $ billion, 201520

Figure 6: Forces driving competition in the insurance market in South Korea, 2015

Figure 7: Drivers of buyer power in the insurance market in South Korea, 2015

Figure 8: Drivers of supplier power in the insurance market in South Korea, 2015

Figure 9: Factors influencing the likelihood of new entrants in the insurance market in South Korea, 2015

Figure 10: Factors influencing the threat of substitutes in the insurance market in South Korea, 2015

Figure 11: Drivers of degree of rivalry in the insurance market in South Korea, 2015

Figure 12: Hanwha Life Insurance Co., Ltd.: revenues & profitability

Figure 13: Hanwha Life Insurance Co., Ltd.: assets & liabilities

Figure 14: Kyobo Life Insurance Co, : revenues & profitability

Figure 15: Kyobo Life Insurance Co, : assets & liabilities

Figure 16: Samsung Life Insurance Co., Ltd.: revenues & profitability

Figure 17: Samsung Life Insurance Co., Ltd.: assets & liabilities

List of Tables

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List of Figures

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