Life Insurance in South Korea

Date: January 15, 2016
Pages: 34
Price:
US$ 350.00
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Publisher: MarketLine
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: L3B13005271EN
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Life Insurance in South Korea
INTRODUCTION

Life Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). 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 life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

HIGHLIGHTS
  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2014 annual average exchange rates. The 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 not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
  • The South Korean life insurance market is expected to generate total gross written premiums of $110.5bn in 2015, representing a compound annual growth rate (CAGR) of 7.3% between 2011 and 2015.
  • The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $97.2bn, equivalent to 88% of the market's overall value.
  • The decline seen in the market in 2013 can largely be attributed to the introduction of new regulations eradicating tax benefits for immediate annuities.
FEATURES
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in South Korea
  • Leading company profiles reveal details of key 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 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 life insurance market by value in 2015?
  • What will be the size of the South Korea life insurance market in 2020?
  • What factors are affecting the strength of competition in the South Korea life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in South Korea's life insurance market?
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
Hanwha Life Insurance Co., Ltd.
Kyobo Life Insurance Co,
NongHyup Life Insurance Co., LTD
Samsung Life Insurance Co., Ltd.
Macroeconomic Indicators
Country Data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine

LIST OF TABLES

Table 1: South Korea life insurance market value: $ billion, 2011–15(e)
Table 2: South Korea life insurance market category segmentation: $ billion, 2015(e)
Table 3: South Korea life insurance market geography segmentation: $ billion, 2015(e)
Table 4: South Korea life insurance market share: % share, by value, 2015(e)
Table 5: South Korea life insurance market value forecast: $ billion, 2015–20
Table 6: Hanwha Life Insurance Co., Ltd.: key facts
Table 7: Hanwha Life Insurance Co., Ltd.: key financials ($)
Table 8: Hanwha Life Insurance Co., Ltd.: key financials (KRW)
Table 9: Hanwha Life Insurance Co., Ltd.: key financial ratios
Table 10: Kyobo Life Insurance Co,: key facts
Table 11: Kyobo Life Insurance Co,: key financials ($)
Table 12: Kyobo Life Insurance Co,: key financials (KRW)
Table 13: Kyobo Life Insurance Co,: key financial ratios
Table 14: NongHyup Life Insurance Co., LTD: key facts
Table 15: Samsung Life Insurance Co., Ltd.: key facts
Table 16: Samsung Life Insurance Co., Ltd.: key financials ($)
Table 17: Samsung Life Insurance Co., Ltd.: key financials (KRW)
Table 18: Samsung Life Insurance Co., Ltd.: key financial ratios
Table 19: South Korea size of population (million), 2011–15
Table 20: South Korea gdp (constant 2005 prices, $ billion), 2011–15
Table 21: South Korea gdp (current prices, $ billion), 2011–15
Table 22: South Korea inflation, 2011–15
Table 23: South Korea consumer price index (absolute), 2011–15
Table 24: South Korea exchange rate, 2011–15

LIST OF FIGURES

Figure 1: South Korea life insurance market value: $ billion, 2011–15(e)
Figure 2: South Korea life insurance market category segmentation: % share, by value, 2015(e)
Figure 3: South Korea life insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: South Korea life insurance market share: % share, by value, 2015(e)
Figure 5: South Korea life insurance market value forecast: $ billion, 2015–20
Figure 6: Forces driving competition in the life insurance market in South Korea, 2015
Figure 7: Drivers of buyer power in the life insurance market in South Korea, 2015
Figure 8: Drivers of supplier power in the life insurance market in South Korea, 2015
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in South Korea, 2015
Figure 10: Factors influencing the threat of substitutes in the life insurance market in South Korea, 2015
Figure 11: Drivers of degree of rivalry in the life insurance market in South Korea, 2015
Figure 12: Hanwha Life Insurance Co., Ltd.: revenues & profitability
Figure 13: Hanwha Life Insurance Co., Ltd.: assets & liabilities
Figure 14: Kyobo Life Insurance Co,: revenues & profitability
Figure 15: Kyobo Life Insurance Co,: assets & liabilities
Figure 16: Samsung Life Insurance Co., Ltd.: revenues & profitability
Figure 17: Samsung Life Insurance Co., Ltd.: assets & liabilities
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