Market Report, "Life Insurance in South Korea, Key Trends and Opportunities to 2019", published

From: Fast Market Research, Inc.
Published: Tue Oct 27 2015


Timetric's 'Life Insurance in South Korea, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the South Korean life insurance segment, including:

* The South Korean life insurance segment's growth prospects by life insurance category
* Key trends, drivers and challenges for the life insurance segment
* A comprehensive overview of South Korea's economy and demographics
* The various distribution channels in the South Korean life insurance segment
* Details of the competitive landscape in the life insurance segment in South Korea
* Details of regulatory policy applicable to the South Korean insurance industry

Full Report Details at
- http://www.fastmr.com/prod/1062731_life_insurance_south_korea.aspx?afid=301

Report Highlights

* South Korea is one of the world's most developed economies, with the world's 13th-largest economy in terms of GDP.
* According to Timetric, South Korea's life insurance segment was the third-largest in Asia after Japan and China in 2013, in terms of gross written premium.
* The life segment is highly consolidated, with the 10 leading companies accounting for 81.5% of the segment's gross written premium in 2014.
* Over the forecast period, bancassurance is expected to continue to drive the growth of the South Korean insurance industry, as a large proportion of the country's population gains access to formal banking services due to technological developments in financial services.
* As the life segment moves towards saturation, factors such as decreasing domestic demand, the establishment of distribution networks and brand loyalty will present challenges to life insurers.
* Due to the mature nature of the life insurance segment, life insurers primarily focused on technical collaborations to gain competitive advantages. The leading life insurer Samsung Life Insurance has entered into a strategic alliance with New York Life Investment Management LLC (NYLIM), a US-based investment manager, to expand its asset management skills.

Report Scope

This report provides a comprehensive analysis of the life insurance segment in South Korea:

* It provides historical values for the South Korean life insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.
* It offers a detailed analysis of the key categories in the South Korean life insurance segment, and market forecasts to 2019.
* It analyzes the various distribution channels for life insurance products in South Korea.
* It profiles the top life insurance companies in South Korea, and outlines key regulations affecting them.

Reasons to Get this Report

* Make strategic business decisions using in-depth historic and forecast market data related to the South Korean life insurance segment and each category within it.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Non-Life Insurance in South Korea, Key Trends and Opportunities to 2019
- Personal Accident and Health Insurance in South Korea, Key Trends and Opportunities to 2019
- Life Insurance in South Korea, Key Trends and Opportunities to 2018
- Non-Life Insurance in South Korea, Key Trends and Opportunities to 2018
- Life Insurance in India, Key Trends and Opportunities to 2019

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »