South Korea Life Insurance Market Size, Trends by Line of Business (General Annuity, Pension, Whole Life, Term Life, Endowment, and Others), Distribution Channel, Competitive Landscape and Forecast, 2023-2027

South Korea Life Insurance Market Size, Trends by Line of Business (General Annuity, Pension, Whole Life, Term Life, Endowment, and Others), Distribution Channel, Competitive Landscape and Forecast, 2023-2027

Summary

GlobalData’s 'South Korea Life Insurance Market Size, Trends by Line of Business (General Annuity, Pension, Whole Life, Term Life, Endowment, and Others), Distribution Channel, Competitive Landscape and Forecast, 2023-2027’ report provides in-depth market analysis, information, and insights into the South Korean life insurance segment.

This report provides a detailed outlook by product category for the South Korean life insurance segment.

It provides values for key performance indicators such as gross written premium, penetration, and premium ceded and cession rates during the review period (2018-22) and forecast period (2023-27).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the South Korea's economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’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 the regulatory structure.

Key Highlights

• Key insights and dynamics of the South Korean life insurance segment.
• A comprehensive overview of the South Korean economy, government initiatives and investment opportunities.
• The South Korean insurance regulatory framework’s evolution, key facts, taxation regime, licensing and capital requirements.
• The South Korean life insurance industry’s market structure giving details of lines of business.
• The South Korean life insurance reinsurance business’s market structure giving details of premium ceded along with cession rates.
• Distribution channels deployed by the South Korean life insurers.
• Details of the competitive landscape and competitors’ profiles.

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 2018-22 review period, and projected figures for the 2023-27 forecast period.
• It profiles the top life 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 the South Korean life insurance segment.
• 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.