Market Research on Reinsurance in South Korea, Key Trends and Opportunities to 2018

ResearchMoz.us include new market research report " Reinsurance Market in South Korea to 2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Reinsurance in South Korea is treated as a category of non-life insurance, and the regulatory structure that applies to non-life insurance also applies to reinsurance. However, the South Korean reinsurance segment’s gross written premium grew from KRW13.8 trillion (US$10.8 billion) in 2009 to KRW15.8 trillion (US$14.4 billion) in 2013, at a review-period (2009–2013) CAGR of 3.4%.

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The absence of large-scale natural disasters in South Korea meant the insurance industry did not record major losses during the review period, encouraging direct insurers to retain the majority of their gross written premium. As such, the South Korean reinsurance segment posted slow growth during the review period.

Although mandatory cessions in the country no longer exist, ceding insurers give priority to domestic reinsurers due to a regulation in late 2013 prohibiting foreign unlicensed reinsurers from operating. This led to increased dependence on domestic reinsurer Korean Re, supplementing the segment’s growth during the review period.

Reasons to buy:-

Make strategic business decisions using in-depth historic and forecast market data related to the South Korean reinsurance segment and each sector within it

Understand the demand-side dynamics, key market trends and growth opportunities in the South Korean reinsurance segment

Identify the growth opportunities and market dynamics in key product categories

Gain insights into key regulations governing the South Korean insurance industry, and their impact on companies and the industry's future

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