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Insurance industry in South Korea

Statistics report on the insurance industry in South Korea

This report presents statistics and data on the insurance market in South Korea. It provides an overview of the domestic market, followed by chapters on the life and non-life insurance sectors. Additionally, the report highlights the leading life and non-life insurers and offers insights into customer attitudes and preferences.

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Table of contents

Global overview

4
  • Premium Statistic Global market share of direct premiums written for top twenty markets 2024
  • Premium Statistic Leading premium writing countries globally 2023, by premiums
  • Premium Statistic Life and non-life insurance penetration in selected regions globally 2024
  • Premium Statistic Retention ratio of the total insurance market worldwide 2024-2024, by country

Domestic insurance market

6
  • Premium Statistic GDP from the finance and insurance sector South Korea 1953-2024
  • Premium Statistic Market size of the insurance industry South Korea 2002-2023, by type
  • Premium Statistic Insurance premiums growth rate South Korea 2018-2023
  • Premium Statistic Insurance penetration South Korea 2018-2023
  • Premium Statistic Number of insurance companies South Korea 2016-2024, by type
  • Premium Statistic Total assets of insurance companies South Korea 2012-2023

Life insurance

4
  • Premium Statistic Life insurance premiums written South Korea 2002-2023
  • Premium Statistic Total value of life insurance business in force South Korea 1988-2023
  • Premium Statistic Life insurance market size South Korea 2023, by line
  • Premium Statistic Life insurance penetration ratio South Korea 2018-2024

Non-life insurance

4
  • Premium Statistic Non-life insurance premiums written South Korea 2002-2023
  • Premium Statistic Total premiums earned by non-life insurers South Korea 1988-2023
  • Premium Statistic Non-life insurance market size South Korea 2023, by line
  • Premium Statistic Non-life insurance penetration ratio South Korea 2018-2024

Leading life insurers

6
  • Premium Statistic Market share of leading life insurers South Korea 2023
  • Premium Statistic Leading life insurance companies South Korea 2024, by gross premiums written
  • Premium Statistic Total assets of life insurance companies South Korea 1988-2023
  • Premium Statistic Total assets of Samsung Life Insurance 2005-2024
  • Premium Statistic Total assets of Hanwha Life Insurance 2005-2024
  • Premium Statistic Total assets of Kyobo Life Insurance 2005-2024

Leading non-life insurers

6
  • Premium Statistic Market share of leading non-life insurers South Korea 2023
  • Premium Statistic Leading non-life insurance companies South Korea 2022, by direct premiums written
  • Premium Statistic Total assets of non-life insurance companies South Korea 1988-2023
  • Premium Statistic Total assets of Samsung Fire & Marine Insurance 2005-2024
  • Premium Statistic Total assets of Hyundai Marine & Fire Insurance 2005-2024
  • Premium Statistic Total assets of DB Insurance 2005-2024

Customer perspective

4
  • Premium Forecast Attitudes towards insurances in South Korea 2025
  • Premium Statistic Gen MZ insurance coverage South Korea 2024, by policy count
  • Premium Statistic Most popular insurance type among Gen MZ South Korea 2024
  • Premium Statistic Reasons for purchasing insurance among Gen MZ South Korea 2024
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