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Non-Life Insurance in South Korea, Key Trends and Opportunities to 2016

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  • 1. Non-Life Insurance in South Korea, Key Trends andOpportunities to 2016Report Details:Published:September 2012No. of Pages: 265Price: Single User License – US$1950SynopsisThe report provides in depth market analysis, information and insights into the South Korean non-life insurance market, including:•The South Korean non-life insurance market’s growth prospects by non-life insurance categories•The various distribution channels in the South Korean non-life insurance market•The competitive landscape in the non-life insurance market in South Korea•A description of the non-life reinsurance market in South KoreaExecutive summaryThe growth in the South Korean non-life insurance segment was primarily driven by the growingindustrial and commercial construction markets, rising automobile sales and positive economicoutlook in the country. Growth in the market over the forecast period will be driven by thedevelopment of large-scale transport and other infrastructure projects undertaken by the SouthKorean government, rising consumer awareness about the benefits of non-life insurance productsand expansion of distribution channels across the country.Scope•This report provides a comprehensive analysis of the non-life insurance market in South Korea:•It provides historical values for South Korea’s non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period•It offers a detailed analysis of the key sub-segments in South Korea’s non-life insurance market, along with market forecasts until 2016•It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions•It analyses the various distribution channels for non-life insurance products in South Korea•Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in South Korea for the non-life insurance business•It provides a detailed analysis of the reinsurance market in South Korea and its growth prospects•It profiles the top non-life insurance companies in South Korea and outlines the key regulations affecting them
  • 2. Key highlights•The growth of the non-life insurance segment will be primarily driven by sales of motor and property insurance.•The written premium for motor insurance is expected to increase over the forecast period, primarily due to an increase in automobile sales and new car registrations as a result of the strong economic recovery.•Furthermore, the growth in the property insurance category, the second largest category in the non-life insurance segment, is expected to be driven by several major construction and infrastructure projects due to be carried out in the country over the forecast period.•Over the forecast period, agencies are expected to continue to be the dominant distribution channel, as non-life insurance companies continue to develop qualified teams of insurance professionals and agents.•Numerous changes in the South Korean regulatory environment took place in the past decade, primarily to increase insurance companies’ accountability and policy compliance with international standards.Reasons to buy•Make strategic business decisions using in depth historic and forecast market data related to the South Korean non-life insurance market and each sector within it•Understand the demand-side dynamics, key market trends and growth opportunities within the South Korean non-life insurance market•Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment•Identify the growth opportunities and market dynamics within key product categories•Gain insights into key regulations governing the South Korean insurance market and its impact on companies and the markets futureGet your copy of this report @http://www.reportsnreports.com/reports/194826-non-life-insurance-in-south-korea-key-trends-and-opportunities-to-2016.htmlMajor points covered in Table of Contents of this report includeTable of Contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 South Korean Insurance Industry Attractiveness3.1 Insurance Industry Market Size, 2007–20163.2 Key Industry Trends and Drivers3.2.1 Business drivers3.2.2 Consumer drivers
  • 3. 3.3 Recent Market Developments4 Non-Life Insurance Segment Outlook4.1 Non-Life Insurance Growth Prospects by Category4.2 Property Insurance Category4.2.1 Fire and allied perils insurance sub-category4.2.2 Engineering insurance sub-category4.2.3 Agriculture insurance sub-category4.2.4 Other property sub-category4.3 Motor Insurance Category4.3.1 Motor hull sub-category4.3.2 Motor third-party sub-category4.4 General Third-Party Category4.5 Marine, Aviation and Transit Category4.5.1 Marine sub-category4.5.2 Marine hull sub-category4.5.3 Marine third-party sub-category4.5.4 Aviation sub-category4.5.5 Transit sub-category5 Analysis by Distribution Channels5.1 Direct Marketing Channel5.2 Bancassurance Channel5.3 Agencies Channel5.4 E-Commerce Channel5.5 Brokers Channel5.6 Other Channels6 Regulatory Policies7 Porter’s Five Forces Analysis – South Korean Non-Life Insurance7.1 Bargaining Power of Supplier: Medium to High7.2 Bargaining Power of Buyer: Low to Medium7.3 Barriers to Entry: Medium7.4 Intensity of Rivalry: High7.5 Threat of Substitutes: Low8 Reinsurance Growth Dynamics and Challenges8.1 Reinsurance market size, 2007–20168.2 Reinsurance market size by type of insurance, 2007–20169 Competitive Landscape and Strategic Insights9.1 Overview9.2 Leading Companies in the South Korean Non-Life Insurance Segment9.3 Comparison of Top Five Insurers9.3.1 Gross written premium9.3.2 Outwards reinsurance expense9.3.3 Net earned premiums
  • 4. 9.3.4 Paid claims9.3.5 Pre-tax profit/loss9.3.6 Total assets9.3.7 Total investment income9.4 Samsung Fire & Marine Insurance Co., Ltd – Company Overview9.4.1 Samsung Fire & Marine Insurance Co., Ltd – key facts9.4.2 Samsung Fire & Marine Insurance Co., Ltd – key financials9.5 Hyundai Marine & Fire Insurance Co., Ltd – Company Overview9.5.1 Hyundai Marine & Fire Insurance Co., Ltd – key facts9.5.2 Hyundai Marine & Fire Insurance Co., Ltd – key financials9.6 Dongbu Insurance Co., Ltd – Company Overview9.6.1 Dongbu Insurance Co., Ltd – key facts9.6.2 Dongbu Insurance Co., Ltd – key financials9.7 LIG Insurance Co., Ltd – Company Overview9.7.1 LIG Insurance Co., Ltd – key facts9.7.2 LIG Insurance Co., Ltd – key financials9.8 Meritz Fire & Marine Insurance Co., Ltd – Company Overview9.8.1 Meritz Fire & Marine Insurance Co., Ltd – key facts9.8.2 Meritz Fire & Marine Insurance Co., Ltd – key financials9.9 Hanwha Non-Life Insurance Co., Ltd – Company Overview9.9.1 Hanwha Non-Life Insurance Co., Ltd – key facts9.1 Heungkuk Fire and Marine Insurance Co., Ltd – Company Overview9.10.1 Heungkuk Fire and Marine Insurance Co., Ltd – key facts9.11 Lotte Non-Life Insurance Co., Ltd – Company Overview9.11.1 Lotte Non-Life Insurance Co., Ltd – key facts9.12 Green Non-Life Insurance Co., Ltd – Company Overview9.12.1 Green Non-Life Insurance Co., Ltd – key facts10 Business Environment and Country Risk10.1 Business Confidence10.1.1 Business confidence indicator10.1.2 Market capitalization trend – Korea Exchange, South Korea10.1.3 FDI inflows by sector10.2 Economic Performance10.2.1 GDP at constant prices (US dollar)10.2.2 GDP per capita at constant prices (US dollar)10.2.3 GDP at current prices (US dollar)10.2.4 GDP per capita at current prices (US dollar)10.2.5 GDP by key segments10.2.6 Agricultural net output at current prices (South Korean won)10.2.7 Agricultural net output at current prices (US dollar)10.2.8 Agricultural net output at current prices as a percentage of GDP10.2.9 Manufacturing net output at current prices (South Korean won)
  • 5. 10.2.10 Manufacturing net output at current prices (US dollar)10.2.11 Manufacturing net output at current prices as a percentage of GDP10.2.12 Mining, manufacturing and utilities net output at current prices (South Korean Won)10.2.13 Mining, manufacturing and utilities at current prices (US dollar)10.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP10.2.15 Construction net output at current prices (South Korean won)10.2.16 Construction net output at current prices (US dollar)10.2.17 Construction net output at current prices as a percentage of GDP10.2.18 Inflation rate10.2.19 Current account balance as a percentage of GDP10.2.20 Exports as a percentage of GDP10.2.21 Imports as a percentage of GDP10.2.22 Exports growth10.2.23 Imports growth10.2.24 External debt as a percentage of GDP10.2.25 Annual average exchange rate US$–KRW10.2.26 End-of-period exchange rate US$–KRW10.3 Infrastructure Quality and Availability10.3.1 Total airports and sea ports10.3.2 Railways and roadways10.3.3 Passenger vehicle production volume10.3.4 Commercial vehicle production volume10.3.5 Automotive component exports trend10.3.6 Automotive component imports trend10.3.7 Passenger car penetration10.3.8 Healthcare expenditure10.3.9 Healthcare expenditure as a percentage of GDP10.3.10 Healthcare expenditure per capita10.3.11 Total internet subscribers10.4 Labor Force10.4.1 Labor force10.4.2 Unemployment rate10.5 Demographics10.5.1 Annual disposable income10.5.2 Annual per capita disposable income10.5.3 Total population10.5.4 Urban and rural population10.5.5 Female percentage of population10.5.6 Male percentage of population10.5.7 Mean age of the population10.5.8 Median age of population10.5.9 Population density
  • 6. 10.5.10 Age distribution of the total population10.5.11 Age distribution of the male population10.5.12 Age distribution of the female population10.5.13 Number of households10.6 Political and Social Risk10.6.1 Political stability10.6.2 Terrorism index10.6.3 Transparency index11 Appendix11.1 Methodology11.2 Contact Us11.3 About Timetric11.4 DisclaimerList of TablesTable 1: Insurance Industry DefinitionsTable 2: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2007–2011Table 3: South Korean Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011Table 4: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2011–2016Table 5: South Korean Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016Table 6: South Korean Insurance Segmentation (% Share), 2007–2016Table 7: South Korean Non-Life Insurance Written Premium by Category (KRW Billion),2007–2011Table 8: South Korean Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011Table 9: South Korean Non-Life Insurance Written Premium by Category (KRW Billion),2011–2016Table 10: South Korean Non-Life Insurance Written Premium by Category (US$ Billion),2011–2016Table 11: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2007–2011Table 12: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2011–2016Table 13: South Korean Non-Life Insurance – Paid Claims by Category (KRW Billion), 2007–2011Table 14: South Korean Non-Life Insurance – Paid Claims by Category (US$ Billion), 2007–2011Table 15: South Korean Non-Life Insurance – Paid Claims by Category (KRW Billion), 2011–2016Table 16: South Korean Non-Life Insurance – Paid Claims by Category (US$ Billion), 2011–2016Table 17: South Korean Non-Life Insurance – Incurred Loss by Category (KRW Billion),2007–2011Table 18: South Korean Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2007–2011Table 19: South Korean Non-Life Insurance – Incurred Loss by Category (KRW Billion),2011–2016Table 20: South Korean Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2011–2016Table 21: South Korean Non-Life Insurance – Loss Ratio (%), 2007–2011Table 22: South Korean Non-Life Insurance – Loss Ratio (%), 2011–2016Table 23: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion),
  • 7. 2007–2011Table 24: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion),2011–2016Table 25: South Korean Non-Life Insurance – Combined Ratio (%), 2007–2011Table 26: South Korean Non-Life Insurance – Combined Ratio (%), 2011–2016Table 27: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2007–2011Table 28: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2011–2016Table 29: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2007–2011Table 30: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2011–2016Table 31: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2007–2011Table 32: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2011–2016Table 33: South Korean Non-Life Insurance – Retentions (KRW Billion), 2007–2011Table 34: South Korean Non-Life Insurance – Retentions (KRW Billion), 2011–2016Table 35: South Korean Property Insurance Written Premium by Sub-Category (KRW Billion),2007–2011Table 36: South Korean Property Insurance Written Premium by Sub-Category (US$ Billion),2007–2011Table 37: South Korean Property Insurance Written Premium by Sub-Category (KRW Billion),2011–2016Table 38: South Korean Property Insurance Written Premium by Sub-Category (US$ Billion),2011–2016Table 39: South Korean Property Insurance Category – Loss Ratio (%), 2007–2011Table 40: South Korean Property Insurance Category – Loss Ratio (%), 2011–2016Table 41: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Table 42: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Table 43: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRWBillion), 2007–2011Table 44: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRWBillion), 2011–2016Table 45: South Korean Engineering Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Table 46: South Korean Engineering Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Table 47: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Table 48: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Table 49: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Table 50: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold
  • 8. (Thousand), 2011–2016Table 51: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Table 52: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Table 53: South Korean Other Property Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Table 54: South Korean Other Property Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Table 55: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Table 56: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Table 57: South Korean Motor Insurance Written Premium by Sub-Category (KRW Billion),2007–2011Table 58: South Korean Motor Insurance Written Premium by Sub-Category (US$ Billion),2007–2011Table 59: South Korean Motor Insurance Written Premium by Sub-Category (KRW Billion),2011–2016Table 60: South Korean Motor Insurance Written Premium by Sub-Category (US$ Billion),2011–2016Table 61: South Korean Motor Insurance Category – Loss Ratio (%), 2007–2011Table 62: South Korean Motor Insurance Category – Loss Ratio (%), 2011–2016Table 63: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Table 64: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Table 65: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Table 66: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Table 67: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Table 68: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Table 69: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRWBillion), 2007–2011Table 70: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRWBillion), 2011–2016Table 71: South Korean General Third-Party Insurance Category – Number of Policies Sold(Thousand), 2007–2011Table 72: South Korean General Third-Party Insurance Category – Number of Policies Sold
  • 9. (Thousand), 2011–2016Table 73: South Korean General Third-Party Insurance Category by Written Premium (KRWBillion), 2007–2011Table 74: South Korean General Third-Party Insurance Category by Written Premium (KRWBillion), 2011–2016Table 75: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2007–2011Table 76: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2011–2016Table 77: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category(KRW Billion), 2007–2011Table 78: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category(US$ Billion), 2007–2011Table 79: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category(KRW Billion), 2011–2016Table 80: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category(US$ Billion), 2011–2016Table 81: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%),2007–2011Table 82: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%),2011–2016Table 83: South Korean Marine Insurance Written Premium by Sub-Category (KRW Billion),2007–2011Table 84: South Korean Marine Insurance Written Premium by Sub-Category (US$ Billion),2007–2011Table 85: South Korean Marine Insurance Written Premium by Sub-Category (KRW Billion),2011–2016Table 86: South Korean Marine Insurance Written Premium by Sub-Category (US$ Billion),2011–2016Table 87: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Table 88: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Table 89: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Table 90: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Table 91: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Table 92: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Table 93: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRWBillion), 2007–2011Table 94: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRW
  • 10. Billion), 2011–2016Table 95: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand),2007–2011Table 96: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand),2011–2016Table 97: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Table 98: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Table 99: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand),2007–2011Table 100: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand),2011–2016Table 101: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Table 102: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Table 103: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion),2007–2011Table 104: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion),2011–2016Table 105: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRWBillion), 2007–2011Table 106: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRWBillion), 2011–2016Table 107: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing(Thousand), 2007–2011Table 108: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing(Thousand), 2011–2016Table 109: South Korean Non-Life Insurance – Number of Direct Marketing Distributors,2007–2011Table 110: South Korean Non-Life Insurance – Number of Direct Marketing Distributors,2011–2016Table 111: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion),2007–2011Table 112: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion),2011–2016Table 113: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRWBillion), 2007–2011Table 114: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRWBillion), 2011–2016Table 115: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand),
  • 11. 2007–2011Table 116: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand),2011–2016Table 117: South Korean Non-Life Insurance – Number of Bancassurance Distributors,2007–2011Table 118: South Korean Non-Life Insurance – Number of Bancassurance Distributors,2011–2016Table 119: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion),2007–2011Table 120: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion),2011–2016Table 121: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion),2007–2011Table 122: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion),2011–2016Table 123: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand),2007–2011Table 124: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand),2011–2016Table 125: South Korean Non-Life Insurance – Number of Agencies, 2007–2011Table 126: South Korean Non-Life Insurance – Number of Agencies, 2011–2016Table 127: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion),2007–2011Table 128: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion),2011–2016Table 129: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRWBillion), 2007–2011Table 130: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRWBillion), 2011–2016Table 131: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand),2007–2011Table 132: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand),2011–2016Table 133: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011Table 134: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016Table 135: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion),2007–2011Table 136: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion),2011–2016Table 137: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion),2007–2011Table 138: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion),
  • 12. 2011–2016Table 139: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand),2007–2011Table 140: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand),2011–2016Table 141: South Korean Non-Life Insurance – Number of Brokers, 2007–2011Table 142: South Korean Non-Life Insurance – Number of Brokers, 2011–2016Table 143: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRWBillion), 2007–2011Table 144: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRWBillion), 2011–2016Table 145: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRWBillion), 2007–2011Table 146: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRWBillion), 2011–2016Table 147: South Korean Non-Life Insurance – Policies Sold Through Other Channels(Thousand), 2007–2011Table 148: South Korean Non-Life Insurance – Policies Sold Through Other Channels(Thousand), 2011–2016Table 149: South Korean Non-Life Insurance – Number of Distributors in Other Channels,2007–2011Table 150: South Korean Non-Life Insurance – Number of Distributors in Other Channels,2011–2016Table 151: Reinsurance Market in South Korea by Category (KRW Billion), 2007–2011Table 152: Reinsurance Market in South Korea by Category (US$ Billion), 2007–2011Table 153: Reinsurance Market in South Korea by Category (KRW Billion), 2011–2016Table 154: Reinsurance Market in South Korea by Category (US$ Billion), 2011–2016Table 155: South Korean Premium Ceded to Reinsurance by Type of Insurance (KRW Billion),2007–2011Table 156: South Korean Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2007–2011Table 157: South Korean Premium Ceded to Reinsurance by Type of Insurance (KRW Billion),2011–2016Table 158: South Korean Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2011–2016Table 159: South Korean Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011Table 160: South Korean Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016Table 161: South Korean Non-Life Insurance Market Share (%), 2007–2010Table 162: Samsung Fire & Marine Insurance Co., Ltd, Key FactsTable 163: Samsung Fire & Marine Insurance Co., Ltd, Key Financials (KRW Million)Table 164: Hyundai Marine & Fire Insurance Co., Ltd, Key FactsTable 165: Hyundai Marine & Fire Insurance Co., Ltd, Key Financials (KRW Million)
  • 13. Table 166: Dongbu Insurance Co., Ltd, Key FactsTable 167: Dongbu Insurance Co., Ltd, Key Financials (KRW Million)Table 168: LIG Insurance Co., Ltd, Key FactsTable 169: LIG Insurance Co., Ltd, Key Financials (KRW Million)Table 170: Meritz Fire & Marine Insurance Co., Ltd, Key FactsTable 171: Meritz Fire & Marine Insurance Co., Ltd, Key Financials (KRW Million)Table 172: Hanwha Non-Life Insurance Co., Ltd, Key FactsTable 173: Heungkuk Fire and Marine Insurance Co., Ltd., Key FactsTable 174: Lotte Non-Life Insurance Co., Ltd, Key FactsTable 175: Green Non-Life Insurance Co., Ltd, Key FactsList of FiguresFigure 1: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2007–2016Figure 2: South Korean Insurance Market Dynamics by Segment, 2007–2016Figure 3: South Korean Non-Life Insurance Written Premium by Category (KRW Billion),2007–2016Figure 4: South Korean Non-Life Insurance Written Premium by Category (% Share), 2011 and2016Figure 5: South Korean Non-Life Insurance Market Dynamics by Category, 2007–2016Figure 6: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2007–2011Figure 7: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2011–2016Figure 8: South Korean Non-Life Insurance – Paid Claims by Category (KRW Billion), 2007–2016Figure 9: South Korean Non-Life Insurance – Incurred Loss by Category (KRW Billion),2007–2016Figure 10: South Korean Non-Life Insurance – Loss Ratio (%), 2007–2011Figure 11: South Korean Non-Life Insurance – Loss Ratio (%), 2011–2016Figure 12: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion),2007–2011Figure 13: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion),2011–2016Figure 14: South Korean Non-Life Insurance – Combined Ratio (%), 2007–2011Figure 15: South Korean Non-Life Insurance – Combined Ratio (%), 2011–2016Figure 16: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2007–2011Figure 17: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2011–2016Figure 18: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2007–2011Figure 19: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2011–2016Figure 20: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2007–2011Figure 21: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2011–2016Figure 22: South Korean Non-Life Insurance – Retentions (KRW Billion), 2007–2011Figure 23: South Korean Non-Life Insurance – Retentions (KRW Billion), 2011–2016Figure 24: South Korean Non-Life Insurance – Investment Portfolio (KRW Billion), 2007–2011Figure 25: South Korean Non-Life Insurance – Investment Portfolio (% Share), 2007 and 2011Figure 26: South Korean Non-Life Insurance Penetration (% of GDP), 2007–2011
  • 14. Figure 27: South Korean Non-Life Insurance – Number of Policies Sold (Thousand), 2007–2011Figure 28: South Korean Non-Life Insurance – Number of Policies Sold (Thousand), 2011–2016Figure 29: South Korean Non-Life Insurance – Premium Per Capita (KRW), 2007–2011Figure 30: South Korean Property Insurance Written Premium (KRW Billion) by Sub-Category,2007–2016Figure 31: South Korean Property Insurance Market Dynamics by Sub-Category, 2007–2016Figure 32: South Korean Property Insurance Category – Loss Ratio (%), 2007–2011Figure 33: South Korean Property Insurance Category – Loss Ratio (%), 2011–2016Figure 34: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Figure 35: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Figure 36: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRWBillion), 2007–2011Figure 37: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRWBillion), 2011–2016Figure 38: South Korean Engineering Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Figure 39: South Korean Engineering Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Figure 40: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Figure 41: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Figure 42: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Figure 43: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Figure 44: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Figure 45: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Figure 46: South Korean Other Property Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Figure 47: South Korean Other Property Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Figure 48: South Korean Other Property Insurance Sub-Category – Written Premium (KRWBillion), 2007–2011Figure 49: South Korean Other Property Insurance Sub-Category – Written Premium (KRWBillion), 2011–2016Figure 50: South Korean Motor Insurance Written Premium and by Sub-Category (KRW Billion),2007–2016
  • 15. Figure 51: South Korean Motor Insurance Market Dynamics by Sub-Category, 2007–2016Figure 52: South Korean Motor Insurance Category – Loss Ratio (%), 2007–2011Figure 53: South Korean Motor Insurance Category – Loss Ratio (%), 2011–2016Figure 54: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Figure 55: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Figure 56: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Figure 57: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Figure 58: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Figure 59: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Figure 60: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRWBillion), 2007–2011Figure 61: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRWBillion), 2011–2016Figure 62: South Korean General Third-Party Insurance Category – Number of Policies Sold(Thousand), 2007–2011Figure 63: South Korean General Third-Party Insurance Category – Number of Policies Sold(Thousand), 2011–2016Figure 64: South Korean General Third-Party Insurance Category by Written Premium (KRWBillion), 2007–2011Figure 65: South Korean General Third-Party Insurance Category by Written Premium (KRWBillion), 2011–2016Figure 66: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2007–2011Figure 67: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2011–2016Figure 68: South Korean Marine, Aviation and Transit Insurance Written Premium (KRW Billion) bySub-Category, 2007–2016Figure 69: South Korean Marine, Aviation and Transit Insurance Market Dynamics by Sub-Category, 2007–2016Figure 70: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%),2007–2011Figure 71: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%),2011–2016Figure 72: South Korean Marine Insurance Written Premium by Sub-Category (KRW Billion),2007–2016Figure 73: South Korean Marine Insurance Market Dynamics by Sub-Category, 2007–2016Figure 74: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011
  • 16. Figure 75: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Figure 76: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Figure 77: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Figure 78: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold(Thousand), 2007–2011Figure 79: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold(Thousand), 2011–2016Figure 80: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRWBillion), 2007–2011Figure 81: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRWBillion), 2011–2016Figure 82: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand),2007–2011Figure 83: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand),2011–2016Figure 84: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Figure 85: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Figure 86: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand),2007–2011Figure 87: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand),2011–2016Figure 88: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion),2007–2011Figure 89: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion),2011–2016Figure 90: South Korean Non-Life Insurance Written Premium by Distribution Channel (% Share),2011 and 2016Figure 91: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion),2007–2011Figure 92: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion),2011–2016Figure 93: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRWBillion), 2007–2011Figure 94: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRWBillion), 2011–2016Figure 95: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing(Thousand), 2007–2011
  • 17. Figure 96: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing(Thousand), 2011–2016Figure 97: South Korean Non-Life Insurance – Number of Direct Marketing Distributors,2007–2011Figure 98: South Korean Non-Life Insurance – Number of Direct Marketing Distributors,2011–2016Figure 99: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion),2007–2011Figure 100: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion),2011–2016Figure 101: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRWBillion), 2007–2011Figure 102: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRWBillion), 2011–2016Figure 103: South Korean Non-Life Insurance – Policies Sold Through Bancassurance(Thousand), 2007–2011Figure 104: South Korean Non-Life Insurance – Policies Sold Through Bancassurance(Thousand), 2011–2016Figure 105: South Korean Non-Life Insurance – Number of Bancassurance Distributors,2007–2011Figure 106: South Korean Non-Life Insurance – Number of Bancassurance Distributors,2011–2016Figure 107: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion),2007–2011Figure 108: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion),2011–2016Figure 109: South Korean Non-Life Insurance – Written Premium Through Agencies (KRWBillion), 2007–2011Figure 110: South Korean Non-Life Insurance – Written Premium Through Agencies (KRWBillion), 2011–2016Figure 111: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand),2007–2011Figure 112: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand),2011–2016Figure 113: South Korean Non-Life Insurance – Number of Agencies, 2007–2011Figure 114: South Korean Non-Life Insurance – Number of Agencies, 2011–2016Figure 115: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion),2007–2011Figure 116: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion),2011–2016Figure 117: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRWBillion), 2007–2011
  • 18. Figure 118: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRWBillion), 2011–2016Figure 119: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand),2007–2011Figure 120: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand),2011–2016Figure 121: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011Figure 122: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016Figure 123: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion),2007–2011Figure 124: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion),2011–2016Figure 125: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion),2007–2011Figure 126: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion),2011–2016Figure 127: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand),2007–2011Figure 128: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand),2011–2016Figure 129: South Korean Non-Life Insurance – Number of Brokers, 2007–2011Figure 130: South Korean Non-Life Insurance – Number of Brokers, 2011–2016Figure 131: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRWBillion), 2007–2011Figure 132: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRWBillion), 2011–2016Figure 133: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRWBillion), 2007–2011Figure 134: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRWBillion), 2011–2016Figure 135: South Korean Non-Life Insurance – Policies Sold Through Other Channels(Thousand), 2007–2011Figure 136: South Korean Non-Life Insurance – Policies Sold Through Other Channels(Thousand), 2011–2016Figure 137: South Korean Non-Life Insurance – Number of Distributors in Other Channels,2007–2011Figure 138: South Korean Non-Life Insurance – Number of Distributors in Other Channels,2011–2016Figure 139: South Korean Non-Life Insurance Segment – Five Forces AnalysisFigure 140: South Korean Premium Ceded to Reinsurance by Category (KRW Billion), 2007–2016Figure 141: South Korean Premium Ceded to Reinsurance by Category (% Share), 2011 and2016
  • 19. Figure 142: South Korean Reinsurance Market Dynamics by Category, 2007–2016Figure 143: South Korean Premium Ceded to Reinsurance by Type of Insurance (KRW Billion),2007–2016Figure 144: South Korean Reinsurance Market Dynamics by Type of Insurance, 2007–2016Figure 145: South Korean Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011Figure 146: South Korean Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016Figure 147: South Korean Non-Life Insurance Market Share (%), 2007 and 2010Figure 148: Gross Written Premium – Top Five South Korean Non-Life Insurers, 2011Figure 149: Outwards Reinsurance Expense – Top Five South Korean Non-Life Insurers, 2011Figure 150: Net Earned Premium – Top Five South Korean Non-Life Insurers, 2011Figure 151: Paid Claims – Top Five South Korean Non-Life Insurers, 2011Figure 152: Pre-tax Profit/Loss – Top Five South Korean Non-Life Insurers, 2011Figure 153: Total Assets – Top Five South Korean Non-Life Insurers, 2011Figure 154: Total Investment Income – Top Five South Korean Non-Life Insurers, 2011Figure 155: South Korea Business Confidence Indicator, Q1 2008–Q2 2012Figure 156: Korea Exchange Market Capitalization (US$ Billion), 2007–2011Figure 157: FDI Inflows by Sector (US$ Billion), 2007–2011Figure 158: South Korean GDP at Constant Prices (US$ Billion), 2007–2011Figure 159: South Korean GDP Per Capita at Constant Prices (US$), 2007–2011Figure 160: South Korean GDP at Current Prices (US$ Billion), 2007–2011Figure 161: South Korean GDP Per Capita at Current Prices (US$), 2007–2011Figure 162: South Korean GDP by Key Segments (%) 2009 and 2011Figure 163: South Korean Agricultural Net Output at Current Prices (KRW Billion), 2007–2011Figure 164: South Korean Agricultural Net Output at Current Prices (US$ Billion), 2007–2011Figure 165: South Korean Agricultural Net Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 166: South Korean Manufacturing Net Output at Current Prices (KRW Billion), 2007–2011Figure 167: South Korean Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011Figure 168: South Korean Manufacturing Net Output at Current Prices as a Percentage of GDP(%), 2007–2011Figure 169: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices (KRWBillion), 2007–2011Figure 170: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices (US$Billion), 2007–2011Figure 171: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices as apercentage of GDP (%), 2007–2011Figure 172: South Korean Construction Net Output at Current Prices (KRW Billion), 2007–2011Figure 173: South Korean Construction Net Output at Current Prices (US$ Billion), 2007–2011Figure 174: South Korean Construction Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 175: South Korean Inflation Rate (%), 2007–2011Figure 176: South Korean Current Account Balance as a Percentage of GDP(%), 2007–2011
  • 20. Figure 177: South Korean Exports as a Percentage of GDP (%), 2007–2011Figure 178: South Korean Imports as a Percentage of GDP (%), 2007–2011Figure 179: South Korean Exports Growth (%), 2007–2011Figure 180: South Korean Imports Growth (%), 2007–2011Figure 181: External debt as a percentage of GDP (%), 2007–2011Figure 182: South Korean Annual Average Exchange Rate US$–KRW, 2007–2011Figure 183: South Korean End-of-Period Exchange Rate US$–KRW, 2007–2011Figure 184: Total Number of South Korea Airports and Sea Ports, 2011Figure 185: South Korean Railways and Roadways (Kilometers), 2011Figure 186: South Korean Passenger Vehicle Production, 2007–2011Figure 187: South Korean Commercial Vehicle Production, 2007–2011Figure 188: South Korean Automotive Component Exports (US$ Billion), 2007–2011Figure 189: South Korean Automotive Component Imports (US$ Billion), 2007–2011Figure 190: South Korean Passenger Car Penetration (per thousand people), 2007–2011Figure 191: South Korean Healthcare Expenditure (US$ Billion), 2007–2011Figure 192: South Korean Healthcare Expenditure as a Percentage of GDP (%), 2007–2011Figure 193: South Korean Per Capita Healthcare Expenditure (US$), 2007–2011Figure 194: South Korean Internet Subscriptions (Millions), 2007–2011Figure 195: South Korean Size of Labor Force in 15–59 Age Group (Million), 2007–2011Figure 196: South Korean Unemployment Rate (%), 2007–2011Figure 197: South Korean Annual Disposable Income (US$ Billion), 2007–2011Figure 198: South Korean Annual Per Capita Disposable Income (US$), 2007–2011Figure 199: South Korean Total Population (Million), 2007–2011Figure 200: South Korean Urban and Rural Population (%), 2007–2011Figure 201: South Korean Female as Percentage of Population (%), 2007–2011Figure 202: South Korean Male as Percentage of Population (%), 2007–2011Figure 203: South Korean Mean Age of Population (Year), 2007–2011Figure 204: South Korean Median Age of Population (Year), 2007–2011Figure 205: South Korean Population Density (per Square Kilometer), 2007–2011Figure 206: South Korean Population Distribution by Age (%), 2007–2011Figure 207: South Korean Male Population Distribution by Age (%), 2007–2011Figure 208: South Korean Female Population Distribution by Age (%), 2007–2011Figure 209: South Korean Households, Number of (Million), 2007–2011Figure 210: Global Terrorism Heat Map, 2011Figure 211: South Korean Transparency Index, 2007–2011Contact: sales@reportsandreports.com for more information.

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