Insurance in South Korea

Insurance in South Korea

Summary

Insurance in South Korea industry profile provides top-line qualitative and quantitative Summary information including: market size (value 2016-20, and forecast to 2025). 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 is forecast to generate total gross written premiums of $171.8bn in 2020, representing a compound annual rate of change (CARC) of -0.4% between 2016 and 2020.
- The life insurance segment is expected to be the markets most lucrative in 2020, with total gross written premiums of $93.9bn, equivalent to 54.6% of the markets overall value.
- One of the main drivers of insurance spending is consumer confidence.

Scope

- Save time carrying out entry-level research by identifying the size, growth, 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 2020?
- What will be the size of the South Korea insurance market in 2025?
- What factors are affecting the strength of competition in the South Korea insurance market?
- How has the market performed over the last five years?
- How large is South Koreas insurance market in relation to its regional counterparts?

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How the COVID-19 outbreak has impacted the sector?
8 Company Profiles
8.1. Samsung Fire & Marine Insurance Co Ltd
8.2. Hyundai Marine & Fire Insurance Co Ltd
8.3. Hanwha Life Insurance Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

Table 1: South Korea insurance market value: $ billion, 2016-20(e)
Table 2: South Korea insurance market category segmentation: $ billion, 2020(e)
Table 3: South Korea insurance market geography segmentation: $ billion, 2020(e)
Table 4: South Korea insurance market value forecast: $ billion, 2020-25
Table 5: South Korea insurance market share: % share, by value, 2020(e)
Table 7: Samsung Fire & Marine Insurance Co Ltd: Key Employees
Table 8: Samsung Fire & Marine Insurance Co Ltd: Key Employees Continued
Table 10: Hyundai Marine & Fire Insurance Co Ltd: Key Employees
Table 11: Hyundai Marine & Fire Insurance Co Ltd: Key Employees Continued
Table 13: Hanwha Life Insurance Co Ltd: Key Employees
Table 14: South Korea size of population (million), 2016-20
Table 15: South Korea gdp (constant 2005 prices, $ billion), 2016-20
Table 16: South Korea gdp (current prices, $ billion), 2016-20
Table 17: South Korea inflation, 2016-20
Table 18: South Korea consumer price index (absolute), 2016-20
Table 19: South Korea exchange rate, 2015-19

List Of Figures

Figure 1: South Korea insurance market value: $ billion, 2016-20(e)
Figure 2: South Korea insurance market category segmentation: % share, by value, 2020(e)
Figure 3: South Korea insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: South Korea insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in South Korea, 2020
Figure 6: Drivers of buyer power in the insurance market in South Korea, 2020
Figure 7: Drivers of supplier power in the insurance market in South Korea, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in South Korea, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in South Korea, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in South Korea, 2020
Figure 11: South Korea insurance market share: % share, by value, 2020(e)
Companies Mentioned
Samsung Fire & Marine Insurance Co Ltd
Hyundai Marine & Fire Insurance Co Ltd
Hanwha Life Insurance Co Ltd

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