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.
This report is an essential resource for top-line data and analysis covering the South Korea non-life insurance market. The report includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
* 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.
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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
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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 will be the size 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?
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