During the review period, the South Korean non-life insurance market grew at a healthy rate backed by growing industrial and commercial construction markets, a positive outlook for GDP growth and increased penetration of insurance products. The South Korean insurance regulatory authority introduced a new risk-based capital (RBC) solvency regime in April 2011, replacing the old solvency model based on the EU’s solvency I regime. The proposed solvency standards will increase insurance companies’ capital requirements, allowing them to assume higher risk and improve their financial stability.
Scope
This report provides a comprehensive analysis of the non-life insurance market in South Korea:
• It provides historical values for South Korea’s non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in South Korea’s non-life insurance market, along with market forecasts until 2016
• It analyses the various distribution channels for non-life insurance products in South Korea
Reasons to Buy
• Make strategic business decisions using top-level historic and forecast market data related to the South Korean non-life insurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the South Korean non-life insurance market
• Identify the growth opportunities and market dynamics within key product categories
To view the detailed table of contents for this report please visit: http://www.reportstack.com/product/64866/trends-and-opportunities-in-the-south-korean-non-life-insurance-industry-to-2016-market-profile.html
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