Reinsurance in South Korea, Key Trends and Opportunities to 2016

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Reinsurance in South Korea, Key Trends and Opportunities to 2016

  1. 1. Reinsurance in South Korea, Key Trends and Opportunities to2016Report Details:Published:September 2012No. of Pages: 104Price: Single User License – US$1950SynopsisThe report provides in depth market analysis, information and insights into the South Koreanreinsurance market, including:•The South Korean reinsurance market’s growth prospects by reinsurance categories•The South Korean reinsurance market’s growth prospects by reinsurance ceded from direct insurance segments•The competitive landscape in the South Korean reinsurance marketThe absence of any large natural disasters in South Korea meant no major losses were recordedin the insurance industry during the review period. The premium retained by insurers increased,resulting in high competition over reinsurance premium rates. As a result, the South Koreanreinsurance segment did not register a steep growth in premium rates, especially when comparedto other developed countries such as Japan and the US. A recovering economy means SouthKoreas reinsurance segment is expected to record growth similar to that expected in the rest ofthe Asia-Pacific region.ScopeThis report provides a comprehensive analysis of the reinsurance market in South Korea:•It provides historical values for South Korea’s reinsurance 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 reinsurance market, along with market forecasts until 2016•It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in South Korea and its growth prospects•It profiles the top reinsurance companies in South KoreaKey highlights•The absence of any major catastrophes during the review period resulted in the South Korean reinsurance market softening.•The increase in compulsory property and construction insurance against natural disasters for small and medium scale enterprises is expected to be a significant driver of growth in the reinsurance segment.
  2. 2. •The losses due to the tsunami in Japan and the earthquake in Haiti have caused insurers to review risk management.•Korean Re remains the dominant reinsurance company in the South Korean segment, accounting for a 65% market share. The company is the largest reinsurance company in Asia.Reasons to buy•Make strategic business decisions using in depth historic and forecast market data related to the South Korean reinsurance market and each sector within it•Understand the demand-side dynamics, key market trends and growth opportunities within the South Korean reinsurance market•Assess the competitive dynamics in the reinsurance market•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/194729-reinsurance-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 Reinsurance Growth Dynamics and Challenges3.2.1 Reinsurance market size, 2007–20163.2.2 Reinsurance market size by type of insurance, 2007–20164 Key Industry Trends and Drivers4.1 Fundamental Business Drivers4.2 Life Insurance Segment Drivers4.3 Non-Life Insurance Segment Drivers4.4 Personal Accident and Health Insurance Segment Drivers4.5 Recent Market Developments5 Competitive Landscape and Strategic Insights5.1 Overview5.2 Leading Companies in the South Korean Reinsurance Segment5.3 Korean Reinsurance Company – Company Overview5.3.1 Korean Reinsurance Company – Key Facts5.3.2 Korean Reinsurance Company – Key Financials
  3. 3. 5.4 Munich Reinsurance Company – Company Overview5.4.1 Munich Reinsurance Company – Key Facts5.5 General Reinsurance AG – Company Overview5.5.1 General Reinsurance AG – Key Facts5.6 RGA Reinsurance Company – Company Overview5.6.1 RGA Reinsurance Company – Key Facts5.7 Swiss Reinsurance Company Ltd – Company Overview5.7.1 Swiss Reinsurance Company Ltd – Key Facts5.8 Hannover Rückversicherung AG – Company Overview5.8.1 Hannover Rückversicherung AG – Key Facts5.9 SCOR Reinsurance Asia Pacific Pte. Ltd – Company Overview5.9.1 SCOR Reinsurance Asia Pacific Pte. Ltd – Key Facts6 Business Environment and Country Risk6.1 Business Confidence6.1.1 Business confidence indicator6.1.2 Market capitalization trend – Korea Exchange, South Korea6.1.3 FDI inflows by sector6.2 Economic Performance6.2.1 GDP at constant prices (US dollar)6.2.2 GDP per capita at constant prices (US dollar)6.2.3 GDP at current prices (US dollar)6.2.4 GDP per capita at current prices (US dollar)6.2.5 GDP by key segments6.2.6 Agricultural net output at current prices (South Korean won)6.2.7 Agricultural net output at current prices (US dollar)6.2.8 Agricultural net output at current prices as a percentage of GDP6.2.9 Manufacturing net output at current prices (South Korean won)6.2.10 Manufacturing net output at current prices (US dollar)6.2.11 Manufacturing net output at current prices as a percentage of GDP6.2.12 Mining, manufacturing and utilities net output at current prices (South Korean won)6.2.13 Mining, manufacturing and utilities at current prices (US dollar)6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP6.2.15 Construction net output at current prices (South Korean won)6.2.16 Construction net output at current prices (US dollar)6.2.17 Construction net output at current prices as a percentage of GDP6.2.18 Inflation rate6.2.19 Current account balance as a percentage of GDP6.2.20 Exports as a percentage of GDP6.2.21 Imports as a percentage of GDP6.2.22 Exports growth6.2.23 Imports growth6.2.24 External debt as a percentage of GDP
  4. 4. 6.2.25 Annual average exchange rate US$–KRW6.2.26 End-of-period exchange rate US$–KRW6.3 Infrastructure Quality and Availability6.3.1 Total airports and sea ports6.3.2 Railways and roadways6.3.3 Passenger vehicle production volume6.3.4 Commercial vehicle production volume6.3.5 Automotive component exports trend6.3.6 Automotive component imports trend6.3.7 Passenger car penetration6.3.8 Healthcare expenditure6.3.9 Healthcare expenditure as a percentage of GDP6.3.10 Healthcare expenditure per capita6.3.11 Total internet subscribers6.4 Labor Force6.4.1 Labor force6.4.2 Unemployment rate6.5 Demographics6.5.1 Annual disposable income6.5.2 Annual per capita disposable income6.5.3 Total population6.5.4 Urban and rural population6.5.5 Female percentage of population6.5.6 Male percentage of population6.5.7 Mean age of the population6.5.8 Median age of population6.5.9 Population density6.5.10 Age distribution of the total population6.5.11 Age distribution of the male population6.5.12 Age distribution of the female population6.5.13 Number of households6.6 Political and Social Risk6.6.1 Political stability6.6.2 Terrorism index6.6.3 Transparency index7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 DisclaimerList of Tables
  5. 5. Table 1: Insurance Industry DefinitionsTable 2: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2007–2011Table 3: South Korean Insurance Overall Written Premium by Segment (US$ 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: Reinsurance Market in South Korea by Category (KRW Billion), 2007–2011Table 8: Reinsurance Market in South Korea by Category (US$ Billion), 2007–2011Table 9: Reinsurance Market in South Korea by Category (KRW Billion), 2011–2016Table 10: Reinsurance Market in South Korea by Category (US$ Billion), 2011–2016Table 11: South Korean Premium Ceded to Reinsurance by Type of Insurance (KRW Billion),2007–2011Table 12: South Korean Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2007–2011Table 13: South Korean Premium Ceded to Reinsurance by Type of Insurance (KRW Billion),2011–2016Table 14: South Korean Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2011–2016Table 15: South Korean Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 16: South Korean Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Table 17: South Korean Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011Table 18: South Korean Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016Table 19: South Korean Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2007–2011Table 20: South Korean Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2011–2016Table 21: South Korean Leading Reinsurance CompaniesTable 22: Korean Reinsurance Company, Key FactsTable 23: Korean Reinsurance Company, Key Financials (KRW Million)Table 24: Munich Reinsurance Company, Key FactsTable 25: General Reinsurance AG, Key FactsTable 26: RGA Reinsurance Company, Key FactsTable 27: Swiss Reinsurance Company Ltd, Key FactsTable 28: Hannover Rückversicherung AG, Key FactsTable 29: SCOR Reinsurance Asia Pacific Pte. 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 Premium Ceded to Reinsurance by Category (KRW Billion), 2007–2016Figure 4: South Korean Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016Figure 5: South Korean Reinsurance Market Dynamics by Category, 2007–2016Figure 6: South Korean Premium Ceded to Reinsurance by Type of Insurance (KRW Billion),
  6. 6. 2007–2016Figure 7: South Korean Reinsurance Market Dynamics by Type of Insurance, 2007–2016Figure 8: South Korean Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 9: South Korean Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 10: South Korean Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011Figure 11: South Korean Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016Figure 12: South Korean Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2007–2011Figure 13: South Korean Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2011–2016Figure 14: South Korea Business Confidence Indicator, Q12008–Q22012Figure 15: Korea Exchange Market Capitalization (US$ Billion), 2007–2011Figure 16: FDI Inflows by Sector (US$ Billion), 2007–2011Figure 17: South Korean GDP at Constant Prices (US$ Billion), 2007–2011Figure 18: South Korean GDP Per Capita at Constant Prices (US$), 2007–2011Figure 19: South Korean GDP at Current Prices (US$ Billion), 2007–2011Figure 20: South Korean GDP Per Capita at Current Prices (US$), 2007–2011Figure 21: South Korean GDP by Key Segments (%) 2009 and 2011Figure 22: South Korean Agricultural Net Output at Current Prices (KRW Billion), 2007–2011Figure 23: South Korean Agricultural Net Output at Current Prices (US$ Billion), 2007–2011Figure 24: South Korean Agricultural Net Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 25: South Korean Manufacturing Net Output at Current Prices (KRW Billion), 2007–2011Figure 26: South Korean Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011Figure 27: South Korean Manufacturing Net Output at Current Prices as a Percentage of GDP(%), 2007–2011Figure 28: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices (KRWBillion), 2007–2011Figure 29: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices (US$Billion), 2007–2011Figure 30: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices as aPercentage of GDP (%), 2007–2011Figure 31: South Korean Construction Net Output at Current Prices (KRW Billion), 2007–2011Figure 32: South Korean Construction Net Output at Current Prices (US$ Billion), 2007–2011Figure 33: South Korean Construction Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 34: South Korean Inflation Rate (%), 2007–2011Figure 35: South Korean Current Account Balance as a Percentage of GDP (%), 2007–2011Figure 36: South Korean Exports as a Percentage of GDP (%), 2007–2011Figure 37: South Korean Imports as a Percentage of GDP (%), 2007–2011Figure 38: South Korean Exports Growth (%), 2007–2011Figure 39: South Korean Imports Growth (%), 2007–2011
  7. 7. Figure 40: External Debt as a Percentage of GDP (%), 2007–2011Figure 41: South Korean Annual Average Exchange Rate US$–KRW, 2007–2011Figure 42: South Korean End-of-Period Exchange Rate US$–KRW, 2007–2011Figure 43: Total Number of South Korean Airports and Sea Ports, 2011Figure 44: South Korean Railways and Roadways (Kilometers), 2011Figure 45: South Korean Passenger Vehicle Production, 2007–2011Figure 46: South Korean Commercial Vehicle Production, 2007–2011Figure 47: South Korean Automotive Component Exports (US$ Billion), 2007–2011Figure 48: South Korean Automotive Component Imports (US$ Billion), 2007–2011Figure 49: South Korean Passenger Car Penetration (per thousand people), 2007–2011Figure 50: South Korean Healthcare Expenditure (US$ Billion), 2007–2011Figure 51: South Korean Healthcare Expenditure as a Percentage of GDP (%), 2007–2011Figure 52: South Korean Per Capita Healthcare Expenditure (US$), 2007–2011Figure 53: South Korean Internet Subscriptions (Millions), 2007–2011Figure 54: South Korean Size of Labor Force in 15–59 Age Group (Million), 2007–2011Figure 55: South Korean Unemployment Rate (%), 2007–2011Figure 56: South Korean Annual Disposable Income (US$ Billion), 2007–2011Figure 57: South Korean Annual Per Capita Disposable Income (US$), 2007–2011Figure 58: South Korean Total Population (Million), 2007–2011Figure 59: South Korean Urban and Rural Population (%), 2007–2011Figure 60: South Korean Female as Percentage of Population (%), 2007–2011Figure 61: South Korean Males as Percentage of Population (%), 2007–2011Figure 62: South Korean Mean Age of Population (Years), 2007–2011Figure 63: South Korean Median Age of Population (Years), 2007–2011Figure 64: South Korean Population Density (per Square Kilometer), 2007–2011Figure 65: South Korean Population Distribution by Age (%), 2007–2011Figure 66: South Korean Male Population Distribution by Age (%), 2007–2011Figure 67: South Korean Female Population Distribution by Age (%), 2007–2011Figure 68: South Korean Households, Number of (Million), 2007–2011Figure 69: Global Terrorism Heat Map, 2011Figure 70: South Korean Transparency Index, 2007–2011Contact: sales@reportsandreports.com for more information.

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