Non-Life Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The South Korean non-life insurance market recorded gross written premiums of $24.4 billion in 2024, representing a compound annual growth rate (CAGR) of 2.0% between 2019 and 2024.
- The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $14.7 billion, equivalent to 60% of the market's overall value.
- In 2024, South Korea accounted for 4.9% of the Asia-Pacific non-life insurance market.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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
Reasons to Buy
- What was the size of the South Korea non-life insurance market by value in 2024?
- What will be the size of the South Korea non-life insurance market in 2029?
- 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?
- What are the main segments that make up South Korea's non-life insurance market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- KB Financial Group Inc
- Samsung Fire & Marine Insurance Co Ltd
- Hyundai Marine & Fire Insurance Co Ltd
- Meritz Fire & Marine Insurance Co Ltd
