Trends and Opportunities in the South Korean Non-Life Insurance Industry


Naperville, IL -- (SBWIRE) -- 05/04/2012 -- 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.

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

Reasons to Buy

- 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

To view the detailed table of contents for this report please visit: