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Personal Accident and Health Insurance in South Korea, Key Trends and Opportunities to 2018

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Date: 05-Mar-2015
No. of pages: 213
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Synopsis

In terms of gross written premium, the personal accident and health insurance segment grew from KRW16.3 trillion (US$12.7 billion) in 2009 to KRW28.0 trillion (US$25.5 billion) in 2013, after recording a review-period (2009-2013) compound annual growth rate (CAGR) of 14.5%. This growth was a result of the high rate of traffic accidents, the aging population, and rises in product penetration, disposable income and the volume of outbound tourists. These factors are also expected to support the segment's growth over the forecast period (2013-2018). The segment's gross written premium is projected to reach KRW43.4 trillion (US$41.2 billion) in 2018, after registering a forecast-period CAGR of 9.2%.

Summary

The report provides in-depth market analysis, information and insights into the South Korean personal accident and health insurance segment, including:


  • The South Korean personal accident and health insurance segment's growth prospects by insurance category

  • Key trends, drivers and challenges for the personal accident and health insurance segment

  • The various distribution channels in the South Korean personal accident and health insurance segment

  • The detailed competitive landscape in the personal accident and health insurance segment in South Korea

  • Detailed regulatory policies of the South Korean insurance industry

  • Analysis of various consumer segments in South Korean personal accident and health insurance

  • Key developments in the South Korean personal accident and health insurance segment

  • New products launched by South Korean personal accident and health insurers


Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in South Korea:


  • It provides historical values for the South Korean personal accident and health insurance segment for the report's 2009-2013 review period, and projected figures for the 2013-2018 forecast period.

  • It offers a detailed analysis of the key categories in the South Korean personal accident and health insurance segment, along with market forecasts until 2018.

  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.

  • It analyses the various distribution channels for personal accident and health insurance products in South Korea.

  • It profiles the top personal accident and health insurance companies in South Korea and outlines the key regulations affecting them.


Reasons To Buy

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

  • Understand the demand-side dynamics, key market trends and growth opportunities in the South Korean personal accident and health insurance segment.

  • Assess the competitive dynamics in the personal accident and health insurance segment.

  • Identify the 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.


Key Highlights

  • In terms of gross written premium, the personal accident and health insurance segment grew at a review-period CAGR of 14.5%.

  • This growth was a result of the high rate of traffic accidents, the aging population, and rises in product penetration, disposable income and the volume of outbound tourists.

  • Due to the segment's competitive nature, South Korean personal accident and health insurers primarily focus on technical collaborations to gain a competitive advantage.

  • The segment remains highly competitive, and challenges arise from high rates of suicide and smoking, leading to huge losses for insurers during the review period.

  • The growth of personal accident category is expected to be driven by rising consumer awareness of the importance of personal accident cover, due to the country's high traffic accident rate.

  • Growth in the health category is expected to be driven by an overall rise in healthcare expenditure due to South Korea's rapidly aging population, and the increased participation of private health insurers.

Personal Accident and Health Insurance in South Korea, Key Trends and Opportunities to 2018

Table of Contents

1 Key Facts and Events

2 Executive Summary

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 South Korean Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009-2018

5 Personal Accident and Health Insurance Segment Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Personal Accident and Health Insurance Growth Prospects by Category
5.5.1 Personal accident insurance
5.5.2 Travel insurance
5.5.3 Health insurance

6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-commerce
6.5 Brokers
6.6 Other Channels

7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Legislation and Market Practice by Type of Insurance
7.2.1 Life insurance
7.2.2 Property insurance
7.2.3 Motor insurance
7.2.4 Marine, aviation and transit insurance
7.2.5 Personal accident and health insurance
7.3 Compulsory Insurance
7.3.1 Motor third-party liability insurance
7.3.2 Workers' compensation insurance
7.3.3 Fire and liability insurance for buildings to cover third-party bodily injury caused by fire
7.4 Supervision and Control
7.4.1 International Association of Insurance Supervisors (IAIS)
7.4.2 Financial Services Commission (FSC)
7.4.3 Financial Supervisory Service (FSS)
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a domestic company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
7.7 Taxation
7.7.1 Insurance premium or policy taxation
7.7.2 Withholding taxes on premium paid overseas
7.7.3 Corporate tax
7.7.4 VAT
7.7.5 Captives
7.8 Legal System
7.8.1 Introduction
7.8.2 Access to court
7.8.3 Alternative dispute resolution (ADR)

8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the South Korean Personal Accident and Health Insurance Segment
8.3 Leading Personal Accident and Health Insurers - New Products or Services Launched
8.4 Leading Personal Accident and Health Insurers - Key Developments
8.5 Samsung Life Insurance Co., Ltd - Company Overview
8.5.1 Samsung Life Insurance Co., Ltd - key facts
8.6 Kyobo Life Insurance Co., Ltd - Company Overview
8.6.1 Kyobo Life Insurance Co., Ltd - key facts
8.7 Dongbu Insurance Co., Ltd - Company Overview
8.7.1 Dongbu Insurance Co., Ltd - key facts
8.8 Lotte Non-Life Insurance Co., Ltd - Company Overview
8.8.1 Lotte Non-Life Insurance Co., Ltd - key facts
8.9 MetLife Insurance Co. of Korea Ltd - Company Overview
8.9.1 MetLife Insurance Co. of Korea Ltd - key facts
8.1 Axa General Insurance Co., Ltd - Company Overview
8.10.1 Axa General Insurance Co., Ltd - key facts
8.11 LIG Insurance Co., Ltd - Company Overview
8.11.1 LIG Insurance Co., Ltd - key facts
8.12 Meritz Fire & Marine Insurance Co., Ltd - Company Overview
8.12.1 Meritz Fire & Marine Insurance Co., Ltd - key facts
8.13 Heungkuk Fire and Marine Insurance Co., Ltd - Company Overview
8.13.1 Heungkuk Fire and Marine Insurance Co., Ltd - key facts
8.14 NongHyup Property & Casualty Insurance Co., Ltd - Company Overview
8.14.1 NongHyup Property & Casualty Insurance Co., Ltd - key facts

9 Appendix - 1
9.1 Business Confidence
9.1.1 Market capitalization trend - Korea Exchange (KRX), South Korea
9.2 Economic Performance
9.2.1 GDP at constant prices (US$)
9.2.2 GDP per capita at constant prices (US$)
9.2.3 GDP at current prices (US$)
9.2.4 GDP per capita at current prices (US$)
9.2.5 GDP by key sector
9.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
9.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
9.2.8 Manufacturing net output at current prices (US$)
9.2.9 Manufacturing net output at current prices as a percentage of GDP
9.2.10 Mining, manufacturing and utilities at current prices (US$)
9.2.11 Mining, manufacturing and utilities at current prices as a percentage of GDP
9.2.12 Construction net output at current prices (US$)
9.2.13 Construction net output at current prices as a percentage of GDP
9.2.14 Inflation rate
9.2.15 Exports as a percentage of GDP
9.2.16 Imports as a percentage of GDP
9.2.17 Merchandise exports growth
9.2.18 Merchandise imports growth
9.2.19 Annual average exchange rate KRW-US$
9.3 Infrastructure
9.3.1 Commercial vehicle exports - total value
9.3.2 Commercial vehicle imports - total value
9.3.3 Automotive exports - total value
9.3.4 Automotive imports - total value
9.3.5 Total internet subscribers
9.4 Labor Force
9.4.1 Labor force
9.4.2 Unemployment rate
9.5 Demographics
9.5.1 Gross national disposable income (US$)
9.5.2 Household consumption expenditure (US$)
9.5.3 Total population
9.5.4 Urban and rural populations
9.5.5 Age distribution of the total population
9.5.6 Life expectancy

10 Appendix - 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric's Services
10.5 Disclaimer

List of Tables

Table 1: South Korean Personal Accident and Health Insurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: South Korean Insurance Industry - Gross Written Premium by Segment (KRW Trillion), 2009-2013
Table 4: South Korean Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 5: South Korean Insurance Industry - Gross Written Premium by Segment (KRW Trillion), 2013-2018
Table 6: South Korean Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 7: South Korean Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018
Table 8: South Korean Insurance Industry - Direct Written Premium by Segment (KRW Trillion), 2009-2013
Table 9: South Korean Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 10: South Korean Insurance Industry - Direct Written Premium by Segment (KRW Trillion), 2013-2018
Table 11: South Korean Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 12: South Korean Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018
Table 13: South Korean Personal Accident and Health Insurance - Gross Written Premium by Category (KRW Trillion), 2009-2013
Table 14: South Korean Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013
Table 15: South Korean Personal Accident and Health Insurance - Gross Written Premium by Category (KRW Trillion), 2013-2018
Table 16: South Korean Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018
Table 17: South Korean Personal Accident and Health Insurance - Direct Written Premium by Category (KRW Trillion), 2009-2013
Table 18: South Korean Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013
Table 19: South Korean Personal Accident and Health Insurance - Direct Written Premium by Category (KRW Trillion), 2013-2018
Table 20: South Korean Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018
Table 21: South Korean Personal Accident and Health Insurance - Earned Premium (KRW Trillion), 2009-2013
Table 22: South Korean Personal Accident and Health Insurance - Earned Premium (KRW Trillion), 2013-2018
Table 23: South Korean Personal Accident and Health Insurance - Paid Claims by Category (KRW Trillion), 2009-2013
Table 24: South Korean Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2009-2013
Table 25: South Korean Personal Accident and Health Insurance - Paid Claims by Category (KRW Trillion), 2013-2018
Table 26: South Korean Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2013-2018
Table 27: South Korean Personal Accident and Health Insurance - Incurred Loss by Category (KRW Trillion), 2009-2013
Table 28: South Korean Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2009-2013
Table 29: South Korean Personal Accident and Health Insurance - Incurred Loss by Category (KRW Trillion), 2013-2018
Table 30: South Korean Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2013-2018
Table 31: South Korean Personal Accident and Health Insurance - Retentions by Category (KRW Trillion), 2009-2013
Table 32: South Korean Personal Accident and Health Insurance - Retentions by Category (US$ Billion), 2009-2013
Table 33: South Korean Personal Accident and Health Insurance - Retentions by Category (KRW Trillion), 2013-2018
Table 34: South Korean Personal Accident and Health Insurance - Retentions by Category (US$ Billion), 2013-2018
Table 35: South Korean Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
Table 36: South Korean Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
Table 37: South Korean Personal Accident and Health Insurance - Commission and Expenses (KRW Trillion), 2009-2013
Table 38: South Korean Personal Accident and Health Insurance - Commission and Expenses (KRW Trillion), 2013-2018
Table 39: South Korean Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
Table 40: South Korean Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
Table 41: South Korean Personal Accident and Health Insurance - Fraud and Crime (KRW Billion), 2009-2013
Table 42: South Korean Personal Accident and Health Insurance - Fraud and Crime (KRW Billion), 2013-2018
Table 43: South Korean Personal Accident and Health Insurance - Total Assets (KRW Trillion), 2009-2013
Table 44: South Korean Personal Accident and Health Insurance - Total Assets (KRW Trillion), 2013-2018
Table 45: South Korean Personal Accident and Health Insurance - Total Investment Income (KRW Trillion), 2009-2013
Table 46: South Korean Personal Accident and Health Insurance - Total Investment Income (KRW Trillion), 2013-2018
Table 47: South Korean Personal Accident and Health Insurance - Retentions (KRW Trillion), 2009-2013
Table 48: South Korean Personal Accident and Health Insurance - Retentions (KRW Trillion), 2013-2018
Table 49: South Korean Personal Accident Insurance - Number of Policies Sold (Million), 2009-2013
Table 50: South Korean Personal Accident Insurance - Number of Policies Sold (Million), 2013-2018
Table 51: South Korean Personal Accident Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Table 52: South Korean Personal Accident Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Table 53: South Korean Personal Accident Insurance - Loss Ratio (%), 2009-2013
Table 54: South Korean Personal Accident Insurance - Loss Ratio (%), 2013-2018
Table 55: South Korean Travel Insurance - Number of Policies Sold (Million), 2009-2013
Table 56: South Korean Travel Insurance - Number of Policies Sold (Million), 2013-2018
Table 57: South Korean Travel Insurance - Gross Written Premium (KRW Billion), 2009-2013
Table 58: South Korean Travel Insurance - Gross Written Premium (KRW Billion), 2013-2018
Table 59: South Korean Travel Insurance - Loss Ratio (%), 2009-2013
Table 60: South Korean Travel Insurance - Loss Ratio (%), 2013-2018
Table 61: South Korean Health Insurance - Number of Policies Sold (Million), 2009-2013
Table 62: South Korean Health Insurance - Number of Policies Sold (Million), 2013-2018
Table 63: South Korean Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Table 64: South Korean Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Table 65: South Korean Health Insurance - Direct Written Premium (KRW Trillion), 2009-2013
Table 66: South Korean Health Insurance - Direct Written Premium (KRW Trillion), 2013-2018
Table 67: South Korean Health Insurance - Loss Ratio (%), 2009-2013
Table 68: South Korean Health Insurance - Loss Ratio (%), 2013-2018
Table 69: South Korean Health Insurance - Retentions (KRW Trillion), 2009-2013
Table 70: South Korean Health Insurance - Retentions (KRW Trillion), 2013-2018
Table 71: South Korean Personal Accident and Health Insurance - Direct Marketing Commission Paid (KRW Billion), 2009-2013
Table 72: South Korean Personal Accident and Health Insurance - Direct Marketing Commission Paid (KRW Billion), 2013-2018
Table 73: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Table 74: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Table 75: South Korean Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Million), 2009-2013
Table 76: South Korean Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Million), 2013-2018
Table 77: South Korean Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2009-2013
Table 78: South Korean Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2013-2018
Table 79: South Korean Personal Accident and Health Insurance - Bancassurance Commission Paid (KRW Billion), 2009-2013
Table 80: South Korean Personal Accident and Health Insurance - Bancassurance Commission Paid (KRW Billion), 2013-2018
Table 81: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Table 82: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Table 83: South Korean Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Million), 2009-2013
Table 84: South Korean Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Million), 2013-2018
Table 85: South Korean Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2009-2013
Table 86: South Korean Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2013-2018
Table 87: South Korean Personal Accident and Health Insurance - Commission Paid to Agencies (KRW Trillion), 2009-2013
Table 88: South Korean Personal Accident and Health Insurance - Commission Paid to Agencies (KRW Trillion), 2013-2018
Table 89: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Table 90: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Table 91: South Korean Personal Accident and Health Insurance - Policies Sold Through Agencies (Million), 2009-2013
Table 92: South Korean Personal Accident and Health Insurance - Policies Sold Through Agencies (Million), 2013-2018
Table 93: South Korean Personal Accident and Health Insurance - Number of Agencies, 2009-2013
Table 94: South Korean Personal Accident and Health Insurance - Number of Agencies, 2013-2018
Table 95: South Korean Personal Accident and Health Insurance - E-Commerce Commission Paid (KRW Billion), 2009-2013
Table 96: South Korean Personal Accident and Health Insurance - E-Commerce Commission Paid (KRW Billion), 2013-2018
Table 97: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Table 98: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Table 99: South Korean Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Million), 2009-2013
Table 100: South Korean Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Million), 2013-2018
Table 101: South Korean Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2009-2013
Table 102: South Korean Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2013-2018
Table 103: South Korean Personal Accident and Health Insurance - Commission Paid to Brokers (KRW Billion), 2009-2013
Table 104: South Korean Personal Accident and Health Insurance - Commission Paid to Brokers (KRW Billion), 2013-2018
Table 105: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Billion), 2009-2013
Table 106: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Billion), 2013-2018
Table 107: South Korean Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2009-2013
Table 108: South Korean Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2013-2018
Table 109: South Korean Personal Accident and Health Insurance - Number of Brokers, 2009-2013
Table 110: South Korean Personal Accident and Health Insurance - Number of Brokers, 2013-2018
Table 111: South Korean Personal Accident and Health Insurance - Commission Paid to Other Channels (KRW Trillion), 2009-2013
Table 112: South Korean Personal Accident and Health Insurance - Commission Paid to Other Channels (KRW Trillion), 2013-2018
Table 113: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Table 114: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Table 115: South Korean Personal Accident and Health Insurance - Policies Sold Through Other Channels (Million), 2009-2013
Table 116: South Korean Personal Accident and Health Insurance - Policies Sold Through Other Channels (Million), 2013-2018
Table 117: South Korean Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2009-2013
Table 118: South Korean Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2013-2018
Table 119: South Korea - Life Insurance Regulatory Framework
Table 120: South Korea - Property Insurance Regulatory Framework
Table 121: South Korea - Motor Insurance Regulatory Framework
Table 122: South Korea - Corporate Tax Rates for the Financial Year 2013
Table 123: South Korean Leading Personal Accident and Health Insurance Companies
Table 124: Samsung Life Insurance Co., Ltd, Key Facts
Table 125: Kyobo Life Insurance Co., Ltd, Key Facts
Table 126: Dongbu Insurance Co., Ltd, Key Facts
Table 127: Lotte Non-Life Insurance Co., Ltd, Key Facts
Table 128: MetLife Insurance Co. of Korea Ltd, Key Facts
Table 129: Axa General Insurance Co., Ltd, Key Facts
Table 130: LIG Insurance Co., Ltd, Key Facts
Table 131: Meritz Fire & Marine Insurance Co., Ltd, Key Facts
Table 132: Heungkuk Fire and Marine Insurance Co., Ltd, Key Facts
Table 133: NongHyup Property & Casualty Insurance Co., Ltd, Key Facts

List of Figures

Figure 1: South Korean Insurance Industry - Gross Written Premium by Segment (KRW Trillion), 2009-2018
Figure 2: South Korean Insurance Industry - Gross Written Premium Dynamics by Segment (2009-2018)
Figure 3: South Korean Insurance Industry - Direct Written Premium by Segment (KRW Trillion), 2009-2018
Figure 4: South Korean Insurance Industry - Direct Written Premium Dynamics by Segment (2009-2018)
Figure 5: South Korea - Gross Written Premium and Healthcare Expenditure, 2009?2013
Figure 6: South Korea - Distribution of Employment by Sector (%), 2009 and 2010
Figure 7: South Korea - Population Distribution by Gender and Age Group, 2009 and 2013
Figure 8: South Korea - Rural and Urban Populations (%) and Outbound Tourism (Million), 2009-2013
Figure 9: South Korean Personal Accident and Health Insurance - Gross Written Premium by Category (KRW Trillion), 2009-2018
Figure 10: South Korean Personal Accident and Health Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 11: South Korean Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2009-2018
Figure 12: South Korean Personal Accident and Health Insurance - Direct Written Premium by Category (KRW Trillion), 2009-2018
Figure 13: South Korean Personal Accident and Health Insurance - Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 14: South Korean Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2009-2018
Figure 15: South Korean Personal Accident and Health Insurance - Earned Premium (KRW Billion), 2009-2013
Figure 16: South Korean Personal Accident and Health Insurance - Earned Premium (KRW Trillion), 2013-2018
Figure 17: South Korean Personal Accident and Health Insurance - Paid Claims by Category (KRW Trillion), 2009-2018
Figure 18: South Korean Personal Accident and Health Insurance - Incurred Loss by Category (KRW Trillion), 2009-2018
Figure 19: South Korean Personal Accident and Health Insurance - Retentions by Category (KRW Trillion), 2009-2018
Figure 20: South Korean Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
Figure 21: South Korean Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
Figure 22: South Korean Personal Accident and Health Insurance - Commission and Expenses (KRW Trillion), 2009-2013
Figure 23: South Korean Personal Accident and Health Insurance - Commission and Expenses (KRW Trillion), 2013-2018
Figure 24: South Korean Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
Figure 25: South Korean Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
Figure 26: South Korean Personal Accident and Health Insurance - Fraud and Crime (KRW Billion), 2009-2013
Figure 27: South Korean Personal Accident and Health Insurance - Fraud and Crime (KRW Billion), 2013-2018
Figure 28: South Korean Personal Accident and Health Insurance - Total Assets (KRW Trillion), 2009-2013
Figure 29: South Korean Personal Accident and Health Insurance - Total Assets (KRW Trillion), 2013-2018
Figure 30: South Korean Personal Accident and Health Insurance - Total Investment Income (KRW Trillion), 2009-2013
Figure 31: South Korean Personal Accident and Health Insurance - Total Investment Income (KRW Trillion), 2013-2018
Figure 32: South Korean Personal Accident and Health Insurance - Retentions (KRW Trillion), 2009-2013
Figure 33: South Korean Personal Accident and Health Insurance - Retentions (KRW Trillion), 2013-2018
Figure 34: South Korean Personal Accident and Health Insurance - Investment Portfolio (KRW Trillion), 2009-2013
Figure 35: South Korean Personal Accident and Health Insurance - Investment Portfolio (% Share), 2009 and 2013
Figure 36: South Korean Personal Accident and Health Insurance - Penetration (%), 2009-2013
Figure 37: South Korean Personal Accident and Health Insurance - Number of Policies Sold (Million), 2009-2013
Figure 38: South Korean Personal Accident and Health Insurance - Number of Policies Sold (Million), 2013-2018
Figure 39: South Korean Personal Accident and Health Insurance - Premium Per Capita (KRW), 2009-2013
Figure 40: South Korean Personal Accident Insurance - Number of Policies Sold (Million), 2009-2013
Figure 41: South Korean Personal Accident Insurance - Number of Policies Sold (Million), 2013-2018
Figure 42: South Korean Personal Accident Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Figure 43: South Korean Personal Accident Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Figure 44: South Korean Personal Accident Insurance - Loss Ratio (%), 2009-2013
Figure 45: South Korean Personal Accident Insurance - Loss Ratio (%), 2013-2018
Figure 46: South Korean Travel Insurance - Number of Policies Sold (Million), 2009-2013
Figure 47: South Korean Travel Insurance - Number of Policies Sold (Million), 2013-2018
Figure 48: South Korean Travel Insurance - Gross Written Premium (KRW Billion), 2009-2013
Figure 49: South Korean Travel Insurance - Gross Written Premium (KRW Billion), 2013-2018
Figure 50: South Korean Travel Insurance - Loss Ratio (%), 2009-2013
Figure 51: South Korean Travel Insurance - Loss Ratio (%), 2013-2018
Figure 52: South Korean Health Insurance - Number of Policies Sold (Million), 2009-2013
Figure 53: South Korean Health Insurance - Number of Policies Sold (Million), 2013-2018
Figure 54: South Korean Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Figure 55: South Korean Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Figure 56: South Korean Health Insurance - Direct Written Premium (KRW Trillion), 2009-2013
Figure 57: South Korean Health Insurance - Direct Written Premium (KRW Trillion), 2013-2018
Figure 58: South Korean Health Insurance - Loss Ratio (%), 2009-2013
Figure 59: South Korean Health Insurance - Loss Ratio (%), 2013-2018
Figure 60: South Korean Health Insurance - Retentions (KRW Trillion), 2009-2013
Figure 61: South Korean Non-Life Health Insurance - Retentions (KRW Trillion), 2013-2018
Figure 62: South Korean Personal Accident and Health Insurance - Gross Written Premium by Distribution Channel (% Share), 2013 and 2018
Figure 63: South Korean Personal Accident and Health Insurance - Direct Marketing Commission Paid (KRW Billion), 2009-2013
Figure 64: South Korean Personal Accident and Health Insurance - Direct Marketing Commission Paid (KRW Billion), 2013-2018
Figure 65: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Figure 66: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Figure 67: South Korean Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Million), 2009-2013
Figure 68: South Korean Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Million), 2013-2018
Figure 69: South Korean Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2009-2013
Figure 70: South Korean Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2013-2018
Figure 71: South Korean Personal Accident and Health Insurance - Bancassurance Commission Paid (KRW Billion), 2009-2013
Figure 72: South Korean Personal Accident and Health Insurance - Bancassurance Commission Paid (KRW Billion), 2013-2018
Figure 73: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Figure 74: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Figure 75: South Korean Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Million), 2009-2013
Figure 76: South Korean Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Million), 2013-2018
Figure 77: South Korean Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2009-2013
Figure 78: South Korean Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2013-2018
Figure 79: South Korean Personal Accident and Health Insurance - Commission Paid to Agencies (KRW Trillion), 2009-2013
Figure 80: South Korean Personal Accident and Health Insurance - Commission Paid to Agencies (KRW Trillion), 2013-2018
Figure 81: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Figure 82: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Figure 83: South Korean Personal Accident and Health Insurance - Policies Sold Through Agencies (Million), 2009-2013
Figure 84: South Korean Personal Accident and Health Insurance - Policies Sold Through Agencies (Million), 2013-2018
Figure 85: South Korean Personal Accident and Health Insurance - Number of Agencies, 2009-2013
Figure 86: South Korean Personal Accident and Health Insurance - Number of Agencies, 2013-2018
Figure 87: South Korean Personal Accident and Health Insurance - E-Commerce Commission Paid (KRW Billion), 2009-2013
Figure 88: South Korean Personal Accident and Health Insurance - E-Commerce Commission Paid (KRW Billion), 2013-2018
Figure 89: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Figure 90: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Figure 91: South Korean Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Million), 2009-2013
Figure 92: South Korean Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Million), 2013-2018
Figure 93: South Korean Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2009-2013
Figure 94: South Korean Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2013-2018
Figure 95: South Korean Personal Accident and Health Insurance - Commission Paid to Brokers (KRW Billion), 2009-2013
Figure 96: South Korean Personal Accident and Health Insurance - Commission Paid to Brokers (KRW Billion), 2013-2018
Figure 97: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Billion), 2009-2013
Figure 98: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Billion), 2013-2018
Figure 99: South Korean Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2009-2013
Figure 100: South Korean Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2013-2018
Figure 101: South Korean Personal Accident and Health Insurance - Number of Brokers, 2009-2013
Figure 102: South Korean Personal Accident and Health Insurance - Number of Brokers, 2013-2018
Figure 103: South Korean Personal Accident and Health Insurance - Commission Paid to Other Channels (KRW Trillion), 2009-2013
Figure 104: South Korean Personal Accident and Health Insurance - Commission Paid to Other Channels (KRW Trillion), 2013-2018
Figure 105: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2009-2013
Figure 106: South Korean Personal Accident and Health Insurance - Gross Written Premium (KRW Trillion), 2013-2018
Figure 107: South Korean Personal Accident and Health Insurance - Policies Sold Through Other Channels (Million), 2009-2013
Figure 108: South Korean Personal Accident and Health Insurance - Policies Sold Through Other Channels (Million), 2013-2018
Figure 109: South Korean Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2009-2013
Figure 110: South Korean Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2013-2018
Figure 111: South Korea - Insurance Regulatory Framework
Figure 112: South Korea - Insurance Supervision and Control at Various Levels
Figure 113: South Korea - Insurance Regulatory Frameworks for Company Registration and Operation
Figure 114: South Korea - Judiciary System
Figure 115: South Korean, Korea Exchange (KRX) Market Capitalization (US$ Trillion), 2008-2012
Figure 116: South Korean GDP at Constant Prices (US$ Trillion), 2009-2013
Figure 117: South Korean GDP Per Capita at Constant Prices (US$), 2009-2013
Figure 118: South Korean GDP at Current Prices (US$ Billion), 2009-2013
Figure 119: South Korean GDP per Capita at Current Prices (US$), 2009-2013
Figure 120: South Korean GDP by Key Sector (%), 2008 and 2012
Figure 121: South Korean Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008-2012
Figure 122: South Korean Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 123: South Korean Manufacturing Net Output at Current Prices (US$ Billion), 2008-2012
Figure 124: South Korean Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 125: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008-2012
Figure 126: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 127: South Korean Construction Net Output at Current Prices (US$ Billion), 2008-2012
Figure 128: South Korean Construction Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 129: South Korean Inflation Rate (%), 2009-2013
Figure 130: South Korean Exports as a Percentage of GDP (%), 2008-2012
Figure 131: South Korean Imports as a Percentage of GDP (%), 2008-2012
Figure 132: South Korean Merchandise Exports Growth (%), 2009-2012
Figure 133: South Korean Merchandise Imports Growth (%), 2009-2012
Figure 134: South Korean Annual Average Exchange Rate US$-KRW, 2009-2013
Figure 135: South Korean Commercial Vehicle Exports - Total Value (US$ Billion), 2009-2013
Figure 136: South Korean Commercial Vehicle Imports - Total Value (US$ Million), 2009-2013
Figure 137: South Korean Automotive Exports - Total Value (US$ Billion), 2009-2013
Figure 138: South Korean Automotive Imports – Total Value (US$ Billion), 2009–2013
Figure 139: South Korean Internet Subscriptions (Millions), 2009–2013
Figure 140: South Korean Size of Labor Force (Million), 2008–2012
Figure 141: South Korean Unemployment Rate (%), 2009–2013
Figure 142: South Korean Gross National Disposable Income (US$ Trillion), 2008–2012
Figure 143: South Korean Household Consumption Expenditure (US$ Billion), 2009–2013
Figure 144: South Korean Total Population (Million), 2009–2013
Figure 145: South Korean Urban and Rural Populations (%), 2009–2013
Figure 146: South Korean Population Distribution by Age (%), 2009–2013
Figure 147: South Korean Life Expectancy (Years), 2009–2013

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