Personal Accident and Health Insurance in South Korea, Key Trends and Opportunities to 2016


#137947

208pages

Timetric

$ 1950

In Stock


Synopsis

The report provides in depth market analysis, information and insights into the South Korean personal accident and health insurance market, including:

  • The South Korean insurance markets growth prospects by personal accident and health insurance categories and customer segments
  • The various distribution channels in the South Korean personal accident and health insurance market
  • The competitive landscape in the South Korean personal accident and health insurance market
  • A description of the personal accident and health reinsurance market in South Korea

Summary

The gross written premiums of the South Korean personal accident and health insurance segment increased at a CAGR of 24.1% during the review period (20072011). This growth was primarily generated by the countrys high traffic accident rates, increased penetration of health insurance products, rising disposable income, improved awareness of the benefits of health insurance, increased outbound tourism, and South Koreas aging population. Over the forecast period (20122016), the key growth driver for the segment is expected to be the increased participation of private health insurers following government measures designed to contain the countrys rising public healthcare expenditure. 

Scope

This report provides a comprehensive analysis of the personal accident and health insurance market in South Korea:

  • It provides historical values for the South Korean personal accident and health insurance market for the reports 20072011 review period and forecast figures for the 20122016 forecast period 
  • It offers a detailed analysis of the key sub-segments in the South Korean personal accident and health insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for insurance products in South Korea
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in South Korea for personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance market in South Korea and its growth prospects
  • It profiles the top personal accident and health insurance companies in South Korea and outlines the key regulations affecting them

Reasons To Buy

  • Make strategic business decisions using in depth historic and forecast market data related to the South Korean personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the South Korean personal accident and health insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the South Korean insurance market and its impact on companies and the market's future

Key Highlights

  • Strong growth is anticipated in the South Korean personal accident and health insurance segment, driven by the expansion of the personal accident insurance and health insurance categories. 
  • This growth is expected to be primarily driven by the increasing awareness of the importance of personal accident cover among the South Korean population due to the countrys high traffic accident rates.
  • The distribution of personal accident and health insurance policies in South Korea is conducted through a variety of channels, including agencies, bancassurance, direct marketing, insurance brokers, e-commerce and other distribution channels.
  • The South Korean personal accident and health insurance segment was significantly impacted by reforms implemented in the countrys healthcare industry over the last decade.