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Industry Dynamics and Competitive Landscape in the South Korean Personal Accident and Health Insurance Industry to 2016: Market Profile

Published By :

Timetric

Published Date : Mar 2012

Category :

Health Insurance

No. of Pages : 129 Pages

Synopsis

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

  • The South Korean personal accident and health insurance markets growth prospects
  • The competitive landscape in the personal accident and health insurance market in South Korea
  • A description of the personal accident and health insurance market in South Korea
Summary

The South Korean personal accident and health insurance market grew at a healthy rate during the review period (20072011). This growth was generated by the countrys high traffic accident ratio, ageing population, increased penetration of health insurance products, rising disposable income and improved awareness of the benefits of health insurance. Over the forecast period, the growth in the insurance segment will be driven by the increased participation of private health insurers, as the government implements measures to contain the countrys rising public healthcare expenditure.

Scope

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

  • It provides historical values for South Koreas personal accident and health insurance market for the reports 20072011 review period and forecast figures for the 20122016 forecast period 
  • It offers a detailed analysis of the South Koreas personal accident and health insurance market, along with market forecasts until 2016
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in South Korea for the personal accident and health insurance business
  • 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 top-level historic and forecast market data related to the South Korean personal accident and health insurance market
  • Understand the key market trends and growth opportunities within the South Korean insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market in South Korea
  • Gain insights into key regulations governing the South Korean personal accident and health insurance market
Key Highlights

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Table Of Contents1

1 Introduction

1.1 What is this Report About?
1.2 Definitions
1.3 Methodology

2 South Korea Insurance Industry Attractiveness
2.1 Insurance Industry Market Size, 20072016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers

3 Regulatory Policies

4 Porters Five Forces Analysis South Korean Personal Accident and Health Insurance Market
4.1 Bargaining Power of Supplier: Low
4.2 Bargaining Power of buyer: Llow to Medium
4.3 Barriers to Entry: Medium to High
4.4 Intensity of Rivalry: Medium to High
4.5 Threat of Substitutes: Low

5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the South Korean Personal Accident and Health Insurance Market
5.3 Hyundai Marine & Fire Insurance Co. Ltd. Company Overview
5.3.1 Hyundai Marine & Fire Insurance Co. Ltd. key facts
5.3.2 Hyundai Marine & Fire Insurance Co. Ltd main products
5.3.3 Hyundai Marine & Fire Insurance Co. Ltd main competitors
5.3.4 Hyundai Marine & Fire Insurance Co. Ltd key employees
5.4 Dongbu Insurance Co. Ltd Company Overview
5.4.1 Dongbu Insurance Co. Ltd key facts
5.4.2 Dongbu Insurance Co. Ltd main products
5.4.3 Dongbu Insurance Co. Ltd main competitors
5.4.4 Dongbu Insurance Co. Ltd key employees
5.5 LIG Insurance Company Ltd Company Overview
5.5.1 LIG Insurance Company Ltd key facts
5.5.2 LIG Insurance Company Ltd main products
5.5.3 LIG Insurance Company Ltd main competitors
5.5.4 LIG Insurance Company Ltd key employees
5.6 Meritz Fire & Marine Insurance Co. Ltd Company Overview
5.6.1 Meritz Fire & Marine Insurance Co. Ltd key facts
5.6.2 Meritz Fire & Marine Insurance Co. Ltd main products
5.6.3 Meritz Fire & Marine Insurance Co. Ltd main competitors
5.6.4 Meritz Fire & Marine Insurance Co. Ltd key employees
5.7 Lotte Insurance Co, Ltd. Company Overview
5.7.1 Lotte Insurance Co, Ltd. key facts
5.7.2 Lotte Insurance Co, Ltd. main products
5.7.3 Lotte Insurance Co, Ltd. main competitors
5.7.4 Lotte Insurance Co, Ltd. key employees
5.8 Green Non-Life Insurance Co., Ltd Company Overview
5.8.1 Green Non-Life Insurance Co., Ltd key facts
5.8.2 Green Non-Life Insurance Co., Ltd main products
5.8.3 Green Non-Life Insurance Co., Ltd main competitors
5.8.4 Green Non-Life Insurance Co., Ltd key employees

6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Business confidence indicator
6.1.2 Market capitalization trend KRX Korea exchange, South Korea
6.1.3 FDI inflows by sector
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollars)
6.2.2 GDP per capita at constant prices (US dollars)
6.2.3 GDP at current prices (US dollars)
6.2.4 GDP per capita at current prices (US dollars)
6.2.5 GDP by key sectors
6.2.6 Agricultural net output at current prices (South Korean won)
6.2.7 Agriculture net output at current prices (US dollars)
6.2.8 Agriculture net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (South Korean won)
6.2.10 Manufacturing net output at current prices (US dollars)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (South Korean won)
6.2.13 Mining, manufacturing and utilities at current prices (US dollars)
6.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
6.2.15 Construction net output at current prices (South Korean won)
6.2.16 Construction net output at current prices (US dollars)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Crude steel production
6.2.19 Crude oil consumption
6.2.20 Inflation rate
6.2.21 Fiscal balance as a percentage of GDP
6.2.22 Current account balance as a percentage of GDP
6.2.23 Exports as a percentage of GDP
6.2.24 Imports as a percentage of GDP
6.2.25 Exports growth
6.2.26 Imports growth
6.2.27 External debt as a percentage of GDP
6.2.28 Annual average exchange rate US$KRW
6.2.29 End-of-period exchange rate US$KRW
6.2.30 Debt service ratio
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Passenger vehicle production volume
6.3.3 Commercial vehicle production volume
6.3.4 Automotive components exports
6.3.5 Automotive components imports
6.3.6 Passenger car penetration
6.3.7 Total installed capacity for electricity generation
6.3.8 Installed capacity for the generation of conventional thermal electricity
6.3.9 Electricity production
6.3.10 Installed capacity for the generation of hydroelectricity
6.3.11 Installed capacity for renewable electricity generation
6.3.12 Electricity consumption
6.3.13 Healthcare expenditure
6.3.14 Healthcare expenditure as a percentage of GDP
6.3.15 Healthcare expenditure per capita
6.3.16 Total internet subscribers
6.3.17 Personal computer penetration rate
6.3.18 Mobile phone penetration rate
6.3.19 R&D Expenditure as a percentage of GDP
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Annual consumer expenditure on food
6.5.4 Annual per capita consumer expenditure on food
6.5.5 Total population
6.5.6 Urban and rural population
6.5.7 Female percentage of population
6.5.8 Male percentage of population
6.5.9 Mean age of population
6.5.10 Median age of population
6.5.11 Population density
6.5.12 Age distribution of the total population
6.5.13 Age distribution of the male population
6.5.14 Age distribution of the female population
6.5.15 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism Index
6.6.3 Transparency index

7 Appendix
7.1 Methodology
7.2 Contact us
7.3 About Timetric
7.4 Disclaimer

List of Table

Table 1: Insurance Industry Definitions
Table 2: South Korea Insurance Overall Written Premium by Segment (KRW Billion), 20072011
Table 3: South Korea Insurance Overall Written Premium by Segment (US$ Billion), 20072011
Table 4: South Korea Insurance Overall Written Premium by Segment (KRW Billion), 20112016
Table 5: South Korea Insurance Overall Written Premium by Segment (US$ Billion), 20112016
Table 6: South Korea Insurance Segmentation (%), 20072016
Table 7: Personal Accident and Health Insurance Market Share, 2010
Table 8: Hyundai Marine & Fire Insurance Co. Ltd., Key Facts
Table 9: Hyundai Marine & Fire Insurance Co. Ltd, Main Products
Table 10: Hyundai Marine & Fire Insurance Co. Ltd, Key Employees
Table 11: Dongbu Insurance Co. Ltd, Key Facts
Table 12: Korea Life Insurance Co., Ltd, Main Products
Table 13: Korea Life Insurance Co., Ltd, Key Employees
Table 14: LIG Insurance Company Ltd, Key Facts
Table 15: LIG Insurance Company Ltd, Main Products
Table 16: LIG Insurance Company Ltd, Key Employees
Table 17: Meritz Fire & Marine Insurance Co. Ltd, Key Facts
Table 18: Meritz Fire & Marine Insurance Co., Main Products
Table 19: Meritz Fire & Marine Insurance Co., Key Employees
Table 20: Lotte Insurance Co, Ltd., Key Facts
Table 21: Lotte Insurance Co, Ltd., Main Products
Table 22: Lotte Insurance Co, Ltd., Key Employees
Table 23: Green Non-Life Insurance Co., Ltd, Key Facts
Table 24: Green Non-Life Insurance Co., Ltd, Main Products
Table 25: Green Non-Life Insurance Co., Ltd, Key Employees

List of Chart

Figure 1: South Korea Insurance Overall Written Premium by Segment (KRW Billion), 20072016
Figure 2: South Korea Insurance Market Dynamics by Segment, 20072016
Figure 3: South Korean Personal Accident and Health Insurance Market Five Forces Analysis
Figure 4: Personal Accident and Health Insurance Market Share (%), 2010
Figure 5: South Korean Business Confidence Indicator, Q1 2008Q3 2010
Figure 6: Korea Exchange Market Capitalization (US$ Billion), 20072010
Figure 7: South Korean FDI Inflows by Sector (US$ Billion), 20072010
Figure 8: South Korean GDP at Constant Prices (US$ Billion), 20072016
Figure 9: South Korean GDP per Capita at Constant Prices (US$), 20072016
Figure 10: South Korean GDP at Current Prices (US$ Billion), 20072016
Figure 11: South Korean GDP per Capita at Current Prices (US$), 20072016
Figure 12: South Korean GDP by Key Segments (%) 2011 and 2016
Figure 13: South Korean Agriculture Net Output at Current Prices (KRW Trillion), 20072016
Figure 14: South Korean Agricultural Net Output at Current Prices (US$ Billion), 20072016
Figure 15: South Korean Agricultural Net Output at Current Prices as a Percentage of GDP (%), 20072016
Figure 16: South Korean Manufacturing Net Output at Current Prices (KRW Trillion),
Figure 17: South Korean Manufacturing Net Output at Current Prices (US$ Billion),
Figure 18: South Korean Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 20072016
Figure 19: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices (KRW Trillion), 20072016
Figure 20: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 20072016
Figure 21: South Korean Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 20072016
Figure 22: South Korean Construction Net Output at Current Prices (KRW Trillion), 20072016
Figure 23: South Korean Construction Net Output at Current Prices (US$ Billion), 20072016
Figure 24: South Korean Construction Output at Current Prices as a Percentage of GDP (%), 20072016
Figure 25: South Korean Crude Steel Production (Million Metric Tons), 20072016
Figure 26: South Korean Crude Oil Consumption (Million Tons), 20072016
Figure 27: South Korean Inflation Rate (%), 20072016
Figure 28: South Korean Fiscal Balance as a Percentage of GDP(%), 20042010
Figure 29: South Korean Current Account Balance as a Percentage of GDP (%),
Figure 30: South Korean Exports as a Percentage of GDP (%), 20072016
Figure 31: South Korean Imports as a Percentage of GDP (%), 20072016
Figure 32: South Korean Exports Growth (%), 20072016
Figure 33: South Korean Imports Growth (%), 20072016
Figure 34: South Korean External Debt as a Percentage of GDP (%), 20042010
Figure 35: South Korean Annual Average Exchange Rate US$KRW, 20042010
Figure 36: South Korean End-of-Period Exchange Rate US$KRW, 20042010
Figure 37: South Korea Debt Service Ratio, 20042010
Figure 38: South Korean Airports and Sea Ports (Number of), 2009
Figure 39: South Korean Passenger Vehicle Production (Millions), 20072016
Figure 40: South Korean Commercial Vehicle Production (Units), 20072016
Figure 41: South Korean Automotive Component Exports (US$ Billion), 20072016
Figure 42: South Korean Automotive Component Imports (US$ Billion), 20072016
Figure 43: South Korean Passenger Car Penetration (per 1,000 people), 20072016
Figure 44: South Korean Total Installed Capacity for Electricity Generation (Million Kilowatts), 20072016
Figure 45: South Korean Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 20072016
Figure 46: South Korean Electricity Production (Billion Kilowatts Hours), 20072016
Figure 47: South Korean Installed Capacity for the Generation of Hydroelectricity (Million Kilowatts), 20072016
Figure 48: South Korean Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 20072016
Figure 49: South Korean Electricity Consumption (Billion Kilowatt Hours), 20072016
Figure 50: South Korean Healthcare Expenditure (US$ Billion), 20072016
Figure 51: South Korean Healthcare Expenditure as a Percentage of GDP (%), 20072016
Figure 52: South Korean per Capita Healthcare Expenditure (US$), 20072016
Figure 53: South Korean Internet Subscriptions (Millions), 20072016
Figure 54: South Korean Personal Computer Penetration Rate (per 100 People),
Figure 55: South Korean Mobile Phone Penetration (%), 20072016
Figure 56: South Korean R&D Expenditure as a Percentage of GDP (%), 20072016
Figure 57: South Korean Labor Force Aged 1559 (Million), 20072016
Figure 58: South Korean Unemployment Rate (%), 20072016
Figure 59: South Korean Annual Disposable Income (US$ Billion), 20072016
Figure 60: South Korean Annual per Capita Disposable Income (US$), 20072016
Figure 61: South Korean Consumer Expenditure on Food (US$ Billion), 20072016
Figure 62: South Korean Annual per Capita Consumer Expenditure on Food (US$),
Figure 63: South Korean Total Population (Million), 20072016
Figure 64: South Korean Urban and Rural Populations (%), 20072016
Figure 65: South Korean Females as a Percentage of the Population (%), 20072016
Figure 66: South Korean Males as a Percentage of the Population (%), 20072016
Figure 67: South Korean Mean Age of Population (Years), 20072016
Figure 68: South Korean Median Age of Population (Years), 20072016
Figure 69: South Korean Population Density (per Square Kilometre), 20072016
Figure 70: South Korean Population Distribution by Age (%), 20072016
Figure 71: South Korean Male Population Distribution by Age (%), 20072016
Figure 72: South Korean Female Population Distribution by Age (%), 20072016
Figure 73: South Korean Households, Number of (Million), 20072016
Figure 74: Global Terrorism Heat Map, 2009
Figure 75: South Korean Transparency Index, 20072010

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