INTRODUCTION
Non-Life Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 non-life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
HIGHLIGHTS
Macroeconomic indicators provide insight into general trends within the South Korea economy
KEY QUESTIONS ANSWERED
Non-Life Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 non-life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
HIGHLIGHTS
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover amongst others. The value of the non-life insurance market is shown in terms of gross premium incomes. Any currency conversions used in the report have been calculated using constant 2011 annual average exchange rates. The non-life insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and the growth of base drivers, such as population numbers, GDP growth, and long-term interest rates.
- The South Korean non-life insurance market had total gross written premiums of $51.4 billion in 2011, representing a compound annual growth rate (CAGR) of 14.9% between 2007 and 2011.
- The other insurance segment was the market's most lucrative in 2011, with total gross written premiums of $35.2 billion, equivalent to 68.4% of the market's overall value.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 11.3% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $88 billion by the end of 2016.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in South Korea
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea non-life insurance market with five year forecasts
Macroeconomic indicators provide insight into general trends within the South Korea economy
KEY QUESTIONS ANSWERED
- What was the size of the South Korea non-life insurance market by value in 2011?
- What factors are of the South Korea non-life insurance market in 2016?
- What factors are affecting the strength of competition in the South Korea non-life insurance market?
- How has the market performed over the last five years?
EXECUTIVE SUMMARY
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
MARKET RIVALRY
Market Overview
Market definition
Market analysis
MARKET DATA
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
MARKET OUTLOOK
Market value forecast
Five Forces Analysis
SUMMARY
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Dongbu Insurance Co., Ltd.
Hyundai Marine & Fire Insurance Co., Ltd.
LIG Insurance Co., Ltd.
Samsung Fire & Marine Insurance Co., Ltd.
Macroeconomic Indicators
Country Data
APPENDIX
Methodology
Industry associations
Related MarketLine research
LIST OF TABLES
Table 1: South Korea non-life insurance market value: $ billion, 2007–11
Table 2: South Korea non–life insurance market category segmentation: $ billion, 2011
Table 3: South Korea non–life insurance market geography segmentation: $ billion, 2011
Table 4: South Korea non-life insurance market share: % share, by value, 2011
Table 5: South Korea non-life insurance market value forecast: $ billion, 2011–16
Table 6: Dongbu Insurance Co., Ltd.: key facts
Table 7: Hyundai Marine & Fire Insurance Co., Ltd.: key facts
Table 8: Hyundai Marine & Fire Insurance Co., Ltd.: key financials ($)
Table 9: Hyundai Marine & Fire Insurance Co., Ltd.: key financials (KRW)
Table 10: Hyundai Marine & Fire Insurance Co., Ltd.: key financial ratios
Table 11: LIG Insurance Co., Ltd.: key facts
Table 12: LIG Insurance Co., Ltd.: key financials ($)
Table 13: LIG Insurance Co., Ltd.: key financials (KRW)
Table 14: LIG Insurance Co., Ltd.: key financial ratios
Table 15: Samsung Fire & Marine Insurance Co., Ltd.: key facts
Table 16: Samsung Fire & Marine Insurance Co., Ltd.: key financials ($)
Table 17: Samsung Fire & Marine Insurance Co., Ltd.: key financials (KRW)
Table 18: Samsung Fire & Marine Insurance Co., Ltd.: key financial ratios
Table 19: South Korea size of population (million), 2007–11
Table 20: South Korea gdp (constant 2000 prices, $ billion), 2007–11
Table 21: South Korea gdp (current prices, $ billion), 2007–11
Table 22: South Korea inflation, 2007–11
Table 23: South Korea consumer price index (absolute), 2007–11
Table 24: South Korea exchange rate, 2007–11
LIST OF FIGURES
Figure 1: South Korea non-life insurance market value: $ billion, 2007–11
Figure 2: South Korea non–life insurance market category segmentation: % share, by value, 2011
Figure 3: South Korea non–life insurance market geography segmentation: % share, by value, 2011
Figure 4: South Korea non-life insurance market share: % share, by value, 2011
Figure 5: South Korea non-life insurance market value forecast: $ billion, 2011–16
Figure 6: Forces driving competition in the non-life insurance market in South Korea, 2011
Figure 7: Drivers of buyer power in the non-life insurance market in South Korea, 2011
Figure 8: Drivers of supplier power in the non-life insurance market in South Korea, 2011
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in South Korea, 2011
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in South Korea, 2011
Figure 11: Drivers of degree of rivalry in the non-life insurance market in South Korea, 2011
Figure 12: Hyundai Marine & Fire Insurance Co., Ltd.: revenues & profitability
Figure 13: Hyundai Marine & Fire Insurance Co., Ltd.: assets & liabilities
Figure 14: LIG Insurance Co., Ltd.: revenues & profitability
Figure 15: LIG Insurance Co., Ltd.: assets & liabilities
Figure 16: Samsung Fire & Marine Insurance Co., Ltd.: revenues & profitability
Figure 17: Samsung Fire & Marine Insurance Co., Ltd.: assets & liabilities
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
MARKET RIVALRY
Market Overview
Market definition
Market analysis
MARKET DATA
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
MARKET OUTLOOK
Market value forecast
Five Forces Analysis
SUMMARY
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Dongbu Insurance Co., Ltd.
Hyundai Marine & Fire Insurance Co., Ltd.
LIG Insurance Co., Ltd.
Samsung Fire & Marine Insurance Co., Ltd.
Macroeconomic Indicators
Country Data
APPENDIX
Methodology
Industry associations
Related MarketLine research
LIST OF TABLES
Table 1: South Korea non-life insurance market value: $ billion, 2007–11
Table 2: South Korea non–life insurance market category segmentation: $ billion, 2011
Table 3: South Korea non–life insurance market geography segmentation: $ billion, 2011
Table 4: South Korea non-life insurance market share: % share, by value, 2011
Table 5: South Korea non-life insurance market value forecast: $ billion, 2011–16
Table 6: Dongbu Insurance Co., Ltd.: key facts
Table 7: Hyundai Marine & Fire Insurance Co., Ltd.: key facts
Table 8: Hyundai Marine & Fire Insurance Co., Ltd.: key financials ($)
Table 9: Hyundai Marine & Fire Insurance Co., Ltd.: key financials (KRW)
Table 10: Hyundai Marine & Fire Insurance Co., Ltd.: key financial ratios
Table 11: LIG Insurance Co., Ltd.: key facts
Table 12: LIG Insurance Co., Ltd.: key financials ($)
Table 13: LIG Insurance Co., Ltd.: key financials (KRW)
Table 14: LIG Insurance Co., Ltd.: key financial ratios
Table 15: Samsung Fire & Marine Insurance Co., Ltd.: key facts
Table 16: Samsung Fire & Marine Insurance Co., Ltd.: key financials ($)
Table 17: Samsung Fire & Marine Insurance Co., Ltd.: key financials (KRW)
Table 18: Samsung Fire & Marine Insurance Co., Ltd.: key financial ratios
Table 19: South Korea size of population (million), 2007–11
Table 20: South Korea gdp (constant 2000 prices, $ billion), 2007–11
Table 21: South Korea gdp (current prices, $ billion), 2007–11
Table 22: South Korea inflation, 2007–11
Table 23: South Korea consumer price index (absolute), 2007–11
Table 24: South Korea exchange rate, 2007–11
LIST OF FIGURES
Figure 1: South Korea non-life insurance market value: $ billion, 2007–11
Figure 2: South Korea non–life insurance market category segmentation: % share, by value, 2011
Figure 3: South Korea non–life insurance market geography segmentation: % share, by value, 2011
Figure 4: South Korea non-life insurance market share: % share, by value, 2011
Figure 5: South Korea non-life insurance market value forecast: $ billion, 2011–16
Figure 6: Forces driving competition in the non-life insurance market in South Korea, 2011
Figure 7: Drivers of buyer power in the non-life insurance market in South Korea, 2011
Figure 8: Drivers of supplier power in the non-life insurance market in South Korea, 2011
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in South Korea, 2011
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in South Korea, 2011
Figure 11: Drivers of degree of rivalry in the non-life insurance market in South Korea, 2011
Figure 12: Hyundai Marine & Fire Insurance Co., Ltd.: revenues & profitability
Figure 13: Hyundai Marine & Fire Insurance Co., Ltd.: assets & liabilities
Figure 14: LIG Insurance Co., Ltd.: revenues & profitability
Figure 15: LIG Insurance Co., Ltd.: assets & liabilities
Figure 16: Samsung Fire & Marine Insurance Co., Ltd.: revenues & profitability
Figure 17: Samsung Fire & Marine Insurance Co., Ltd.: assets & liabilities
