New Report on Life and Non-Life Insurance in South Korea to 2018

ResearchMoz.us include new market research report " Maintenance and Aftermarket Preferences in Asian Mining 2015: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Life Insurance:-

The South Korean life insurance market was the third-largest in Asia in terms of gross written premium in 2013, after Japan and China. The segment plays a key role in the development of the country’s financial services sector and recorded growth during the review period (2009–2013). Its gross written premium increased from KRW88.8 trillion (US$69.6 billion) in 2009 to KRW124.0 trillion (US$113.2 billion) in 2013, at a compound annual growth rate (CAGR) of 8.7%. A high consumer preference for long-term life insurance products supported the segment’s growth during the review period.

View report details with TOC at: http://www.researchmoz.us/life-insurance-in-south-korea-key-trends-and-opportunities-to-2018-report.html

Request a FREE copy of a REPORT SAMPLE at: http://www.researchmoz.com/enquiry.php?type=sample&repid=245069

Non-Life Insurance:-

In terms of gross written premium, the South Korean non-life segment grew from KRW22.7 trillion (US$17.8 billion) in 2009 to KRW31.1 trillion (US$28.3 billion) in 2013, at a compound annual growth rate (CAGR) of 8.1% during the review period (2009–2013). The strong performance of the property and liability categories – which posted respective CAGRs of 12.5% and 18.1% – supported the segment’s growth.

View report details with TOC at: http://www.researchmoz.us/non-life-insurance-in-south-korea-key-trends-and-opportunities-to-2018-report.html

Rising automobiles sales and growing disposable income were among the segment’s other key drivers and are anticipated to remain so over the forecast period (2013–2018). The segment’s gross written premium is therefore projected to post a forecast-period CAGR of 6.0% to reach KRW41.5 trillion (US$40.0 billion) in 2018.

Request a...