Deerfield Beach, FL -- (SBWIRE) -- 01/13/2016 -- Synopsis

'Life Insurance in South Korea, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the South Korean life insurance segment.

It provides key performance indicators such as written premium, incurred loss, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of South Korea's economy and demographics, and provides detailed information on the country's competitive landscape.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

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Summary

- The South Korean life insurance segment's growth prospects by life insurance category

- Key trends, drivers and challenges for the life insurance segment

- A comprehensive overview of South Korea's economy and demographics

- The various distribution channels in the South Korean life insurance segment

- Details of the competitive landscape in the life insurance segment in South Korea

- Details of regulatory policy applicable to the South Korean insurance industry

Scope

This report provides a comprehensive analysis of the life insurance segment in South Korea:

- It provides historical values for the South Korean life insurance segment for the report's 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the South Korean life insurance segment, and market forecasts to 2019.

- It analyzes the various distribution channels for life insurance products in South Korea.

- It profiles the top life insurance companies in South Korea, and outlines key regulations affecting them.

Reasons To Buy

- Make strategic business decisions using in-depth historic and forecast market data related to the South Korean life insurance segment and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the South Korean life insurance segment.

- Assess the competitive dynamics in the life insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the South Korean insurance industry, and their impact on companies and the industry's future.

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Key Highlights

- South Korea is one of the world's most developed economies, with the world's 13th-largest economy in terms of GDP.

- According to Timetric, South Korea's life insurance segment was the third-largest in Asia after Japan and China in 2013, in terms of gross written premium.

-The life segment is highly consolidated, with the 10 leading companies accounting for 81.5% of the segment's gross written premium in 2014.

- Over the forecast period, bancassurance is expected to continue to drive the growth of the South Korean insurance industry, as a large proportion of the country's population gains access to formal banking services due to technological developments in financial services.

- As the life segment moves towards saturation, factors such as decreasing domestic demand, the establishment of distribution networks and brand loyalty will present challenges to life insurers.

- Due to the mature nature of the life insurance segment, life insurers primarily focused on technical collaborations to gain competitive advantages. The leading life insurer Samsung Life Insurance has entered into a strategic alliance with New York Life Investment Management LLC (NYLIM), a US-based investment manager, to expand its asset management skills.

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