Personal Accident and Health Insurance in South Korea, Key Trends and Opportunities to 2016: Long Term Healthcare Insurance Products Will Drive Market Growth


#88273

195pages

Timetric

$ 1950

In Stock


Synopsis

The report provides top-level market analysis, information and insights into the South Korean personal accident and health insurance market, including:

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

Summary

The South Korean personal accident and health insurance market grew at a healthy rate during the review period (20072011). This growth was generated by the countrys high traffic accident ratio, ageing population, increased penetration of health insurance products, rising disposable income and improved awareness of the benefits of health insurance. Over the forecast period, the growth in the insurance segment will be driven by the increased participation of private health insurers, as the government implements measures 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 South Koreas 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 South Koreas 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 personal accident and health insurance products in South Korea 
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in South Korea for the 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 top-level 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, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the South Korean personal accident and health insurance market and its impact on companies and the market's future

Key Highlights

  • The main growth drivers for the South Korean personal accident and health insurance segment are the countrys high traffic accident ratio, ageing population, increased penetration of health insurance products, rising disposable income and improving awareness of the benefits of health insurance 
  • Over the forecast period, the segments growth will be driven by the increased participation of private health insurers following the governments initiatives to contain the countrys rising public healthcare spending
  • The largest category in the personal accident and health insurance segment is personal accident insurance, which accounted for 68.2% of the total personal accident and health insurance written premiums in 2011
  • Health insurance was the second-largest category in the personal accident and health insurance segment, accounting for 29.7% of the total personal accident and health insurance written premiums in 2011
  • The personal accident and health insurance market in South Korea is concentrated, with the leading ten personal accident and health insurance companies capturing 87.29% of the total retained premiums in 2010