Synopsis
The report provides top-level market analysis, information and insights into the South Korean non-life insurance market, including:
During the review period, the South Korean non-life insurance market grew at a healthy rate backed by growing industrial and commercial construction markets, a positive outlook for GDP growth and increased penetration of insurance products. The South Korean insurance regulatory authority introduced a new risk-based capital (RBC) solvency regime in April 2011, replacing the old solvency model based on the EU’s solvency I regime. The proposed solvency standards will increase insurance companies’ capital requirements, allowing them to assume higher risk and improve their financial stability.
Scope
This report provides a comprehensive analysis of the non-life insurance market in South Korea:
The report provides top-level 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
- A description of the non-life reinsurance market in South Korea
During the review period, the South Korean non-life insurance market grew at a healthy rate backed by growing industrial and commercial construction markets, a positive outlook for GDP growth and increased penetration of insurance products. The South Korean insurance regulatory authority introduced a new risk-based capital (RBC) solvency regime in April 2011, replacing the old solvency model based on the EU’s solvency I regime. The proposed solvency standards will increase insurance companies’ capital requirements, allowing them to assume higher risk and improve their financial stability.
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 analyses the various distribution channels for non-life insurance products in South Korea
- Make strategic business decisions using top-level 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
- Identify the growth opportunities and market dynamics within key product categories
1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 SOUTH KOREAN INSURANCE INDUSTRY ATTRACTIVENESS
2.1 Insurance Industry Market Size, 2007–2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments
3 NON-LIFE INSURANCE SEGMENT OUTLOOK
3.1 Non-Life Insurance Growth Prospects by Category
3.2 Property Insurance Category
3.2.1 Fire and allied perils insurance sub-category
3.2.2 Engineering insurance sub-category
3.2.3 Agriculture insurance sub-category
3.2.4 Other property sub-category
3.3 Motor Insurance Category
3.3.1 Motor hull sub-category
3.3.2 Motor third-party sub-category
3.4 General Third-Party Category
3.5 Marine, Aviation and Transit Category
3.5.1 Marine sub-category
3.5.2 Marine hull sub-category
3.5.3 Marine third-party sub-category
3.5.4 Aviation sub-category
3.5.5 Transit sub-category
4 ANALYSIS BY DISTRIBUTION CHANNELS
4.1 Direct Marketing Channel
4.2 Bancassurance Channel
4.3 Agencies Channel
4.4 E-Commerce Channel
4.5 Brokers Channel
4.6 Other Channels
5 APPENDIX
5.1 Methodology
5.2 Contact Us
5.3 About Timetric
5.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2007–2011
Table 3: South Korean Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2011–2016
Table 5: South Korean Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: South Korean Insurance Segmentation (% Share), 2007–2016
Table 7: South Korean Non-Life Insurance Written Premium by Category (KRW Billion), 2007–2011
Table 8: South Korean Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: South Korean Non-Life Insurance Written Premium by Category (KRW Billion), 2011–2016
Table 10: South Korean Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2007–2011
Table 12: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2011–2016
Table 13: South Korean Non-Life Insurance – Paid Claims by Category (KRW Billion), 2007–2011
Table 14: South Korean Non-Life Insurance – Paid Claims by Category (US$ Billion), 2007–2011
Table 15: South Korean Non-Life Insurance – Paid Claims by Category (KRW Billion), 2011–2016
Table 16: South Korean Non-Life Insurance – Paid Claims by Category (US$ Billion), 2011–2016
Table 17: South Korean Non-Life Insurance – Incurred Loss by Category (KRW Billion), 2007–2011
Table 18: South Korean Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2007–2011
Table 19: South Korean Non-Life Insurance – Incurred Loss by Category (KRW Billion), 2011–2016
Table 20: South Korean Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2011–2016
Table 21: South Korean Non-Life Insurance – Loss Ratio (%), 2007–2011
Table 22: South Korean Non-Life Insurance – Loss Ratio (%), 2011–2016
Table 23: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion), 2007–2011
Table 24: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion), 2011–2016
Table 25: South Korean Non-Life Insurance – Combined Ratio (%), 2007–2011
Table 26: South Korean Non-Life Insurance – Combined Ratio (%), 2011–2016
Table 27: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2007–2011
Table 28: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2011–2016
Table 29: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2007–2011
Table 30: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2011–2016
Table 31: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2007–2011
Table 32: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2011–2016
Table 33: South Korean Non-Life Insurance – Retentions (KRW Billion), 2007–2011
Table 34: South Korean Non-Life Insurance – Retentions (KRW Billion), 2011–2016
Table 35: South Korean Property Insurance Written Premium by Sub-Category (KRW Billion), 2007–2011
Table 36: South Korean Property Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 37: South Korean Property Insurance Written Premium by Sub-Category (KRW Billion), 2011–2016
Table 38: South Korean Property Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 39: South Korean Property Insurance Category – Loss Ratio (%), 2007–2011
Table 40: South Korean Property Insurance Category – Loss Ratio (%), 2011–2016
Table 41: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 42: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 43: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 44: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 45: South Korean Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 46: South Korean Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 47: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 48: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 49: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 50: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 51: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 52: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 53: South Korean Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 54: South Korean Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 55: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 56: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 57: South Korean Motor Insurance Written Premium by Sub-Category (KRW Billion), 2007–2011
Table 58: South Korean Motor Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 59: South Korean Motor Insurance Written Premium by Sub-Category (KRW Billion), 2011–2016
Table 60: South Korean Motor Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 61: South Korean Motor Insurance Category – Loss Ratio (%), 2007–2011
Table 62: South Korean Motor Insurance Category – Loss Ratio (%), 2011–2016
Table 63: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 64: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 65: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 66: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 67: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 68: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 69: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 70: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 71: South Korean General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011
Table 72: South Korean General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016
Table 73: South Korean General Third-Party Insurance Category by Written Premium (KRW Billion), 2007–2011
Table 74: South Korean General Third-Party Insurance Category by Written Premium (KRW Billion), 2011–2016
Table 75: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2007–2011
Table 76: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2011–2016
Table 77: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category (KRW Billion), 2007–2011
Table 78: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 79: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category (KRW Billion), 2011–2016
Table 80: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 81: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011
Table 82: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016
Table 83: South Korean Marine Insurance Written Premium by Sub-Category (KRW Billion), 2007–2011
Table 84: South Korean Marine Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 85: South Korean Marine Insurance Written Premium by Sub-Category (KRW Billion), 2011–2016
Table 86: South Korean Marine Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 87: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 88: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 89: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 90: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 91: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 92: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 93: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 94: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 95: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 96: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 97: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 98: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 99: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 100: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 101: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 102: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 103: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion), 2007–2011
Table 104: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion), 2011–2016
Table 105: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRW Billion), 2007–2011
Table 106: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRW Billion), 2011–2016
Table 107: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Table 108: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Table 109: South Korean Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 110: South Korean Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 111: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion), 2007–2011
Table 112: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion), 2011–2016
Table 113: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRW Billion), 2007–2011
Table 114: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRW Billion), 2011–2016
Table 115: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Table 116: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Table 117: South Korean Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 118: South Korean Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 119: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion), 2007–2011
Table 120: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion), 2011–2016
Table 121: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion), 2007–2011
Table 122: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion), 2011–2016
Table 123: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Table 124: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Table 125: South Korean Non-Life Insurance – Number of Agencies, 2007–2011
Table 126: South Korean Non-Life Insurance – Number of Agencies, 2011–2016
Table 127: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion), 2007–2011
Table 128: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion), 2011–2016
Table 129: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRW Billion), 2007–2011
Table 130: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRW Billion), 2011–2016
Table 131: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2007–2011
Table 132: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2011–2016
Table 133: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011
Table 134: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016
Table 135: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion), 2007–2011
Table 136: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion), 2011–2016
Table 137: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion), 2007–2011
Table 138: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion), 2011–2016
Table 139: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2007–2011
Table 140: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2011–2016
Table 141: South Korean Non-Life Insurance – Number of Brokers, 2007–2011
Table 142: South Korean Non-Life Insurance – Number of Brokers, 2011–2016
Table 143: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRW Billion), 2007–2011
Table 144: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRW Billion), 2011–2016
Table 145: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRW Billion), 2007–2011
Table 146: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRW Billion), 2011–2016
Table 147: South Korean Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Table 148: South Korean Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Table 149: South Korean Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 150: South Korean Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016
LIST OF FIGURES
Figure 1: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2007–2016
Figure 2: South Korean Insurance Market Dynamics by Segment, 2007–2016
Figure 3: South Korean Non-Life Insurance Written Premium by Category (KRW Billion), 2007–2016
Figure 4: South Korean Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: South Korean Non-Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2007–2011
Figure 7: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2011–2016
Figure 8: South Korean Non-Life Insurance – Paid Claims by Category (KRW Billion), 2007–2016
Figure 9: South Korean Non-Life Insurance – Incurred Loss by Category (KRW Billion), 2007–2016
Figure 10: South Korean Non-Life Insurance – Loss Ratio (%), 2007–2011
Figure 11: South Korean Non-Life Insurance – Loss Ratio (%), 2011–2016
Figure 12: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion), 2007–2011
Figure 13: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion), 2011–2016
Figure 14: South Korean Non-Life Insurance – Combined Ratio (%), 2007–2011
Figure 15: South Korean Non-Life Insurance – Combined Ratio (%), 2011–2016
Figure 16: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2007–2011
Figure 17: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2011–2016
Figure 18: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2007–2011
Figure 19: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2011–2016
Figure 20: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2007–2011
Figure 21: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2011–2016
Figure 22: South Korean Non-Life Insurance – Retentions (KRW Billion), 2007–2011
Figure 23: South Korean Non-Life Insurance – Retentions (KRW Billion), 2011–2016
Figure 24: South Korean Non-Life Insurance – Investment Portfolio (KRW Billion), 2007–2011
Figure 25: South Korean Non-Life Insurance – Investment Portfolio (% Share), 2007 and 2011
Figure 26: South Korean Non-Life Insurance Penetration (% of GDP), 2007–2011
Figure 27: South Korean Non-Life Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 28: South Korean Non-Life Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 29: South Korean Non-Life Insurance – Premium Per Capita (KRW), 2007–2011
Figure 30: South Korean Property Insurance Written Premium (KRW Billion) by Sub-Category, 2007–2016
Figure 31: South Korean Property Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 32: South Korean Property Insurance Category – Loss Ratio (%), 2007–2011
Figure 33: South Korean Property Insurance Category – Loss Ratio (%), 2011–2016
Figure 34: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 35: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 36: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 37: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 38: South Korean Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 39: South Korean Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 40: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 41: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 42: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 43: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 44: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 45: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 46: South Korean Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 47: South Korean Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 48: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 49: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 50: South Korean Motor Insurance Written Premium and by Sub-Category (KRW Billion), 2007–2016
Figure 51: South Korean Motor Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 52: South Korean Motor Insurance Category – Loss Ratio (%), 2007–2011
Figure 53: South Korean Motor Insurance Category – Loss Ratio (%), 2011–2016
Figure 54: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 55: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 56: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 57: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 58: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 59: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 60: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 61: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 62: South Korean General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011
Figure 63: South Korean General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016
Figure 64: South Korean General Third-Party Insurance Category by Written Premium (KRW Billion), 2007–2011
Figure 65: South Korean General Third-Party Insurance Category by Written Premium (KRW Billion), 2011–2016
Figure 66: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2007–2011
Figure 67: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2011–2016
Figure 68: South Korean Marine, Aviation and Transit Insurance Written Premium (KRW Billion) by Sub-Category, 2007–2016
Figure 69: South Korean Marine, Aviation and Transit Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 70: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011
Figure 71: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016
Figure 72: South Korean Marine Insurance Written Premium by Sub-Category (KRW Billion), 2007–2016
Figure 73: South Korean Marine Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 74: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 75: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 76: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 77: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 78: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 79: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 80: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 81: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 82: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 83: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 84: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 85: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 86: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 87: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 88: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 89: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 90: South Korean Non-Life Insurance Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 91: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion), 2007–2011
Figure 92: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion), 2011–2016
Figure 93: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRW Billion), 2007–2011
Figure 94: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRW Billion), 2011–2016
Figure 95: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 96: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 97: South Korean Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 98: South Korean Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 99: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion), 2007–2011
Figure 100: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion), 2011–2016
Figure 101: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRW Billion), 2007–2011
Figure 102: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRW Billion), 2011–2016
Figure 103: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Figure 104: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Figure 105: South Korean Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 106: South Korean Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 107: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion), 2007–2011
Figure 108: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion), 2011–2016
Figure 109: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion), 2007–2011
Figure 110: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion), 2011–2016
Figure 111: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Figure 112: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Figure 113: South Korean Non-Life Insurance – Number of Agencies, 2007–2011
Figure 114: South Korean Non-Life Insurance – Number of Agencies, 2011–2016
Figure 115: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion), 2007–2011
Figure 116: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion), 2011–2016
Figure 117: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRW Billion), 2007–2011
Figure 118: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRW Billion), 2011–2016
Figure 119: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2007–2011
Figure 120: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2011–2016
Figure 121: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011
Figure 122: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016
Figure 123: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion), 2007–2011
Figure 124: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion), 2011–2016
Figure 125: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion), 2007–2011
Figure 126: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion), 2011–2016
Figure 127: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2007–2011
Figure 128: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2011–2016
Figure 129: South Korean Non-Life Insurance – Number of Brokers, 2007–2011
Figure 130: South Korean Non-Life Insurance – Number of Brokers, 2011–2016
Figure 131: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRW Billion), 2007–2011
Figure 132: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRW Billion), 2011–2016
Figure 133: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRW Billion), 2007–2011
Figure 134: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRW Billion), 2011–2016
Figure 135: South Korean Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Figure 136: South Korean Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Figure 137: South Korean Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 138: South Korean Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 SOUTH KOREAN INSURANCE INDUSTRY ATTRACTIVENESS
2.1 Insurance Industry Market Size, 2007–2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments
3 NON-LIFE INSURANCE SEGMENT OUTLOOK
3.1 Non-Life Insurance Growth Prospects by Category
3.2 Property Insurance Category
3.2.1 Fire and allied perils insurance sub-category
3.2.2 Engineering insurance sub-category
3.2.3 Agriculture insurance sub-category
3.2.4 Other property sub-category
3.3 Motor Insurance Category
3.3.1 Motor hull sub-category
3.3.2 Motor third-party sub-category
3.4 General Third-Party Category
3.5 Marine, Aviation and Transit Category
3.5.1 Marine sub-category
3.5.2 Marine hull sub-category
3.5.3 Marine third-party sub-category
3.5.4 Aviation sub-category
3.5.5 Transit sub-category
4 ANALYSIS BY DISTRIBUTION CHANNELS
4.1 Direct Marketing Channel
4.2 Bancassurance Channel
4.3 Agencies Channel
4.4 E-Commerce Channel
4.5 Brokers Channel
4.6 Other Channels
5 APPENDIX
5.1 Methodology
5.2 Contact Us
5.3 About Timetric
5.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2007–2011
Table 3: South Korean Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2011–2016
Table 5: South Korean Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: South Korean Insurance Segmentation (% Share), 2007–2016
Table 7: South Korean Non-Life Insurance Written Premium by Category (KRW Billion), 2007–2011
Table 8: South Korean Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: South Korean Non-Life Insurance Written Premium by Category (KRW Billion), 2011–2016
Table 10: South Korean Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2007–2011
Table 12: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2011–2016
Table 13: South Korean Non-Life Insurance – Paid Claims by Category (KRW Billion), 2007–2011
Table 14: South Korean Non-Life Insurance – Paid Claims by Category (US$ Billion), 2007–2011
Table 15: South Korean Non-Life Insurance – Paid Claims by Category (KRW Billion), 2011–2016
Table 16: South Korean Non-Life Insurance – Paid Claims by Category (US$ Billion), 2011–2016
Table 17: South Korean Non-Life Insurance – Incurred Loss by Category (KRW Billion), 2007–2011
Table 18: South Korean Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2007–2011
Table 19: South Korean Non-Life Insurance – Incurred Loss by Category (KRW Billion), 2011–2016
Table 20: South Korean Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2011–2016
Table 21: South Korean Non-Life Insurance – Loss Ratio (%), 2007–2011
Table 22: South Korean Non-Life Insurance – Loss Ratio (%), 2011–2016
Table 23: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion), 2007–2011
Table 24: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion), 2011–2016
Table 25: South Korean Non-Life Insurance – Combined Ratio (%), 2007–2011
Table 26: South Korean Non-Life Insurance – Combined Ratio (%), 2011–2016
Table 27: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2007–2011
Table 28: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2011–2016
Table 29: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2007–2011
Table 30: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2011–2016
Table 31: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2007–2011
Table 32: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2011–2016
Table 33: South Korean Non-Life Insurance – Retentions (KRW Billion), 2007–2011
Table 34: South Korean Non-Life Insurance – Retentions (KRW Billion), 2011–2016
Table 35: South Korean Property Insurance Written Premium by Sub-Category (KRW Billion), 2007–2011
Table 36: South Korean Property Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 37: South Korean Property Insurance Written Premium by Sub-Category (KRW Billion), 2011–2016
Table 38: South Korean Property Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 39: South Korean Property Insurance Category – Loss Ratio (%), 2007–2011
Table 40: South Korean Property Insurance Category – Loss Ratio (%), 2011–2016
Table 41: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 42: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 43: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 44: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 45: South Korean Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 46: South Korean Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 47: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 48: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 49: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 50: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 51: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 52: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 53: South Korean Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 54: South Korean Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 55: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 56: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 57: South Korean Motor Insurance Written Premium by Sub-Category (KRW Billion), 2007–2011
Table 58: South Korean Motor Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 59: South Korean Motor Insurance Written Premium by Sub-Category (KRW Billion), 2011–2016
Table 60: South Korean Motor Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 61: South Korean Motor Insurance Category – Loss Ratio (%), 2007–2011
Table 62: South Korean Motor Insurance Category – Loss Ratio (%), 2011–2016
Table 63: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 64: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 65: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 66: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 67: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 68: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 69: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 70: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 71: South Korean General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011
Table 72: South Korean General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016
Table 73: South Korean General Third-Party Insurance Category by Written Premium (KRW Billion), 2007–2011
Table 74: South Korean General Third-Party Insurance Category by Written Premium (KRW Billion), 2011–2016
Table 75: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2007–2011
Table 76: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2011–2016
Table 77: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category (KRW Billion), 2007–2011
Table 78: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 79: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category (KRW Billion), 2011–2016
Table 80: South Korean Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 81: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011
Table 82: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016
Table 83: South Korean Marine Insurance Written Premium by Sub-Category (KRW Billion), 2007–2011
Table 84: South Korean Marine Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 85: South Korean Marine Insurance Written Premium by Sub-Category (KRW Billion), 2011–2016
Table 86: South Korean Marine Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 87: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 88: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 89: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 90: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 91: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 92: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 93: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 94: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 95: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 96: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 97: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 98: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 99: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 100: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 101: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Table 102: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Table 103: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion), 2007–2011
Table 104: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion), 2011–2016
Table 105: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRW Billion), 2007–2011
Table 106: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRW Billion), 2011–2016
Table 107: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Table 108: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Table 109: South Korean Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 110: South Korean Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 111: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion), 2007–2011
Table 112: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion), 2011–2016
Table 113: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRW Billion), 2007–2011
Table 114: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRW Billion), 2011–2016
Table 115: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Table 116: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Table 117: South Korean Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 118: South Korean Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 119: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion), 2007–2011
Table 120: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion), 2011–2016
Table 121: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion), 2007–2011
Table 122: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion), 2011–2016
Table 123: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Table 124: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Table 125: South Korean Non-Life Insurance – Number of Agencies, 2007–2011
Table 126: South Korean Non-Life Insurance – Number of Agencies, 2011–2016
Table 127: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion), 2007–2011
Table 128: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion), 2011–2016
Table 129: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRW Billion), 2007–2011
Table 130: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRW Billion), 2011–2016
Table 131: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2007–2011
Table 132: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2011–2016
Table 133: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011
Table 134: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016
Table 135: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion), 2007–2011
Table 136: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion), 2011–2016
Table 137: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion), 2007–2011
Table 138: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion), 2011–2016
Table 139: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2007–2011
Table 140: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2011–2016
Table 141: South Korean Non-Life Insurance – Number of Brokers, 2007–2011
Table 142: South Korean Non-Life Insurance – Number of Brokers, 2011–2016
Table 143: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRW Billion), 2007–2011
Table 144: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRW Billion), 2011–2016
Table 145: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRW Billion), 2007–2011
Table 146: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRW Billion), 2011–2016
Table 147: South Korean Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Table 148: South Korean Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Table 149: South Korean Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 150: South Korean Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016
LIST OF FIGURES
Figure 1: South Korean Insurance Overall Written Premium by Segment (KRW Billion), 2007–2016
Figure 2: South Korean Insurance Market Dynamics by Segment, 2007–2016
Figure 3: South Korean Non-Life Insurance Written Premium by Category (KRW Billion), 2007–2016
Figure 4: South Korean Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: South Korean Non-Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2007–2011
Figure 7: South Korean Non-Life Insurance – Earned Premium (KRW Billion), 2011–2016
Figure 8: South Korean Non-Life Insurance – Paid Claims by Category (KRW Billion), 2007–2016
Figure 9: South Korean Non-Life Insurance – Incurred Loss by Category (KRW Billion), 2007–2016
Figure 10: South Korean Non-Life Insurance – Loss Ratio (%), 2007–2011
Figure 11: South Korean Non-Life Insurance – Loss Ratio (%), 2011–2016
Figure 12: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion), 2007–2011
Figure 13: South Korean Non-Life Insurance – Commission and Expenses (KRW Billion), 2011–2016
Figure 14: South Korean Non-Life Insurance – Combined Ratio (%), 2007–2011
Figure 15: South Korean Non-Life Insurance – Combined Ratio (%), 2011–2016
Figure 16: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2007–2011
Figure 17: South Korean Non-Life Insurance – Frauds and Crimes (KRW Billion), 2011–2016
Figure 18: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2007–2011
Figure 19: South Korean Non-Life Insurance – Total Assets (KRW Billion), 2011–2016
Figure 20: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2007–2011
Figure 21: South Korean Non-Life Insurance – Total Investment Income (KRW Billion), 2011–2016
Figure 22: South Korean Non-Life Insurance – Retentions (KRW Billion), 2007–2011
Figure 23: South Korean Non-Life Insurance – Retentions (KRW Billion), 2011–2016
Figure 24: South Korean Non-Life Insurance – Investment Portfolio (KRW Billion), 2007–2011
Figure 25: South Korean Non-Life Insurance – Investment Portfolio (% Share), 2007 and 2011
Figure 26: South Korean Non-Life Insurance Penetration (% of GDP), 2007–2011
Figure 27: South Korean Non-Life Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 28: South Korean Non-Life Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 29: South Korean Non-Life Insurance – Premium Per Capita (KRW), 2007–2011
Figure 30: South Korean Property Insurance Written Premium (KRW Billion) by Sub-Category, 2007–2016
Figure 31: South Korean Property Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 32: South Korean Property Insurance Category – Loss Ratio (%), 2007–2011
Figure 33: South Korean Property Insurance Category – Loss Ratio (%), 2011–2016
Figure 34: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 35: South Korean Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 36: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 37: South Korean Fire and Allied Perils Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 38: South Korean Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 39: South Korean Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 40: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 41: South Korean Engineering Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 42: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 43: South Korean Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 44: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 45: South Korean Agriculture Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 46: South Korean Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 47: South Korean Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 48: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 49: South Korean Other Property Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 50: South Korean Motor Insurance Written Premium and by Sub-Category (KRW Billion), 2007–2016
Figure 51: South Korean Motor Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 52: South Korean Motor Insurance Category – Loss Ratio (%), 2007–2011
Figure 53: South Korean Motor Insurance Category – Loss Ratio (%), 2011–2016
Figure 54: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 55: South Korean Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 56: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 57: South Korean Motor Hull Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 58: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 59: South Korean Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 60: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 61: South Korean Motor Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 62: South Korean General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011
Figure 63: South Korean General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016
Figure 64: South Korean General Third-Party Insurance Category by Written Premium (KRW Billion), 2007–2011
Figure 65: South Korean General Third-Party Insurance Category by Written Premium (KRW Billion), 2011–2016
Figure 66: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2007–2011
Figure 67: South Korean General Third-Party Insurance Category – Loss Ratio (%), 2011–2016
Figure 68: South Korean Marine, Aviation and Transit Insurance Written Premium (KRW Billion) by Sub-Category, 2007–2016
Figure 69: South Korean Marine, Aviation and Transit Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 70: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011
Figure 71: South Korean Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016
Figure 72: South Korean Marine Insurance Written Premium by Sub-Category (KRW Billion), 2007–2016
Figure 73: South Korean Marine Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 74: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 75: South Korean Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 76: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 77: South Korean Marine Hull Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 78: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 79: South Korean Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 80: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 81: South Korean Marine Third-Party Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 82: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 83: South Korean Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 84: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 85: South Korean Aviation Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 86: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 87: South Korean Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 88: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion), 2007–2011
Figure 89: South Korean Transit Insurance Sub-Category – Written Premium (KRW Billion), 2011–2016
Figure 90: South Korean Non-Life Insurance Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 91: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion), 2007–2011
Figure 92: South Korean Non-Life Insurance – Direct Marketing Commission Paid (KRW Billion), 2011–2016
Figure 93: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRW Billion), 2007–2011
Figure 94: South Korean Non-Life Insurance – Written Premium Through Direct Marketing (KRW Billion), 2011–2016
Figure 95: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 96: South Korean Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 97: South Korean Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 98: South Korean Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 99: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion), 2007–2011
Figure 100: South Korean Non-Life Insurance – Bancassurance Commission Paid (KRW Billion), 2011–2016
Figure 101: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRW Billion), 2007–2011
Figure 102: South Korean Non-Life Insurance – Written Premium Through Bancassurance (KRW Billion), 2011–2016
Figure 103: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Figure 104: South Korean Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Figure 105: South Korean Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 106: South Korean Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 107: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion), 2007–2011
Figure 108: South Korean Non-Life Insurance – Commission Paid to Agencies (KRW Billion), 2011–2016
Figure 109: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion), 2007–2011
Figure 110: South Korean Non-Life Insurance – Written Premium Through Agencies (KRW Billion), 2011–2016
Figure 111: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Figure 112: South Korean Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Figure 113: South Korean Non-Life Insurance – Number of Agencies, 2007–2011
Figure 114: South Korean Non-Life Insurance – Number of Agencies, 2011–2016
Figure 115: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion), 2007–2011
Figure 116: South Korean Non-Life Insurance – E-Commerce Commission Paid (KRW Billion), 2011–2016
Figure 117: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRW Billion), 2007–2011
Figure 118: South Korean Non-Life Insurance – Written Premium Through E-Commerce (KRW Billion), 2011–2016
Figure 119: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2007–2011
Figure 120: South Korean Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2011–2016
Figure 121: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011
Figure 122: South Korean Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016
Figure 123: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion), 2007–2011
Figure 124: South Korean Non-Life Insurance – Commission Paid to Brokers (KRW Billion), 2011–2016
Figure 125: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion), 2007–2011
Figure 126: South Korean Non-Life Insurance – Written Premium Through Brokers (KRW Billion), 2011–2016
Figure 127: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2007–2011
Figure 128: South Korean Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2011–2016
Figure 129: South Korean Non-Life Insurance – Number of Brokers, 2007–2011
Figure 130: South Korean Non-Life Insurance – Number of Brokers, 2011–2016
Figure 131: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRW Billion), 2007–2011
Figure 132: South Korean Non-Life Insurance – Commission Paid to Other Channels (KRW Billion), 2011–2016
Figure 133: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRW Billion), 2007–2011
Figure 134: South Korean Non-Life Insurance – Written Premium Through Other Channels (KRW Billion), 2011–2016
Figure 135: South Korean Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Figure 136: South Korean Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Figure 137: South Korean Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 138: South Korean Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016