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Total value of direct premiums written by non-life insurance companies in South Korea in 2023, by line (in trillion South Korean won)

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Source

Release date

March 2025

Region

South Korea

Survey time period

2023

Supplementary notes

1,000 South Korean won equals 0.68 U.S. dollars or 0.63 euros as of April 2025.

Figures have been rounded.

Citation formats

Non-life insurance market size South Korea 2023, by line

Published by Jenny Yang, Apr 7, 2025

In 2023, long-term insurance was the largest segment for non-life insurance companies in South Korea, with direct written premiums amounting to about **** trillion South Korean won. Car insurance followed with around **** trillion won.

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