For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Synopsis
Timetric's 'Reinsurance in the South Korea, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the South Korean reinsurance segment.
It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010-2014) and forecast period (2014-2019). The report also analyzes information pertaining to the competitive landscape in the country, gives a comprehensive overview of South Korea's economy and demographics, and provides detailed analysis of natural hazards and their impact on the South Korean insurance industry.
This report brings together Timetric's research, modeling, and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.
Summary
Timetric's 'Reinsurance in the South Korea, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the South Korean reinsurance segment, including:
The South Korean reinsurance segment's growth prospects by reinsurance category
The South Korean reinsurance segment's growth prospects by reinsurance ceded from direct insurance
A comprehensive overview of South Korea's economy and demographics
Detailed analysis of natural hazards and their impact on the South Korean insurance industry
The competitive landscape in the South Korean reinsurance segment
Scope
This report provides a comprehensive analysis of the reinsurance segment in South Korea:
It provides historical values for South Korea's reinsurance 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 South Korea's reinsurance segment, and market forecasts to 2019.
It provides detailed analysis of the reinsurance ceded from various direct insurance segments in South Korea, and the segment's growth prospects.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the South Korean reinsurance segment and each sector within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the South Korean reinsurance segment.
Assess the competitive dynamics in the reinsurance 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.
Key Highlights
The South Korean reinsurance segment grew at a review-period (2010-2014) compound annual growth rate (CAGR) of 4.2%.
Insurers ceded a low percentage of their premium during the review period due to the high efficiency of insurers in risk management, and the country's low risk of natural disasters.
Reinsurance growth will be driven by the financial resources and technical skills offered by foreign reinsurers, such as developing products and offering experience in pricing and marketing.
Korean Re is the largest reinsurer in Asia, and the 10th-largest worldwide. As the only domestic reinsurer, it accounted for 80.8% of the country's reinsurance premium.
In April 2015, Korean Re entered the Lloyds market in London through its subsidiary company, Korean Re Underwriting Ltd. This transaction will not only strengthen Korea Re's presence internationally but will also drive profitability for the company over the forecast period