South Korean Insurance Industry Forecast to 2012

Table of Contents

1. Analyst View

2. Macroeconomic Status

3. Market Overview

4. Market Segmentation

• 4.1 Life Insurance
  • 4.1.1 Pure Endowment
  • 4.1.2 Death Insurance
  • 4.1.3 Endowment Insurance
  • 4.1.4 Group Insurance
  • 4.1.5 Separate Account
• 4.2 General Insurance (Non-life Insurance)
  • 4.2.1 Fire Insurance
  • 4.2.2 Marine Insurance
  • 4.2.3 Casualty Insurance
  • 4.2.4 Automobile Insurance
  • 4.2.5 Guarantee Insurance
  • 4.2.6 Long-term Insurance
  • 4.2.7 Private Annuity

5. Future Growth Areas

• 5.1 Bancassurance
• 5.2 Green Insurance Products
• 5.3 Dental Insurance
• 5.4 Ageing Population
• 5.5 Private Pension Schemes
• 5.6 Distance Marketing of Insurance Products
• 5.7 Cross Selling of Banking Products
• 5.8 Customized Products

6. Government Regulations and Initiatives

7. Industry Restarints

• 7.1 Talent Crunch
• 7.2 High Policy Surrender Rate
• 7.3 Declining Profitability

8. Competitive Landscape

• 8.1 Life Insurance
  • 8.1.1 Samsung Life Insurance Co., Ltd.
  • 8.1.2 Korea Life Insurance
  • 8.1.3 Kyobo Life Insurance
• 8.2 Non-life Insurance
  • 8.2.1 Samsung Fire & Marine Insurance
  • 8.2.2 Hyundai Marine & Fire Insurance Co., Ltd.
  • 8.2.3 Dongbu Insurance

List of Figures:

• Figure 2-1: Per Head Disposable Income (US$), 2005-2008
• Figure 2-2: Insurance Density (US$), FY 2005 to FY 2008
• Figure 2-3: Forecast for Per Head Disposable Income (US$), 2009-2012
• Figure 2-4: GDP per Head (US$), 2005-2008
• Figure 2-5: Forecast for GDP per Head (US$), 2009-2012
• Figure 3-1: Total Insurance Premium (Billion Won), FY 2005 to FY 2008
• Figure 3-2: Share in Global Insurance Market (FY 2005 to FY 2008)
• Figure 3-3: Forecast for Insurance Premium (Billion Won), FY 2009 to FY 2012
• Figure 4-1: Share of Life and Non-life Insurance Premium (FY 2008)
• Figure 4-2: Life Insurance Premium (Trillion Won), FY 2005 to FY 2008
• Figure 4-3: Life Insurance Premium by Product (%), FY 2007
• Figure 4-4: Forecast for Life Insurance Premium (Trillion Won), FY 2009 to FY 2012
• Figure 4-5: Life Insurance Claims Paid (Trillion Won), FY 2005 to FY 2008
• Figure 4-6: Pure Endowment Insurance Policy Premium (Trillion Won), FY 2005 to FY 2008
• Figure 4-7: Forecast for Pure Endowment Insurance Policy Premium (Trillion Won), FY 2009 to FY 2012
• Figure 4-8: Death Insurance Policy Premium (Trillion Won), FY 2005 to FY 2008
• Figure 4-9: Forecast for Death Insurance Policy Premium (Trillion Won), FY 2009 to FY 2012
• Figure 4-10: Endowment Insurance Policy Premium (Trillion Won), FY 2005 to FY 2008
• Figure 4-11: Forecast for Endowment Insurance Policy Premium (Trillion Won), FY 2009 to FY 2012
• Figure 4-12: Group Insurance Policy Premium (Trillion Won), FY 2005 to FY 2008
• Figure 4-13: Forecast for Group Insurance Policy Premium (Trillion Won), FY 2009 to FY 2012
• Figure 4-14: Separate Account Insurance Policy Premium (Trillion Won), FY 2005 to FY 2008
• Figure 4-15: Forecast for Separate Account Insurance Policy Premium (Trillion Won), FY 2009 to FY 2012
• Figure 4-16: Non-life Insurance Premium (Billion Won), FY 2005 to FY 2008
• Figure 4-17: Non-life Insurance Premium by Product (%), FY 2007
• Figure 4-18: Forecast for Non-life Insurance Premium (Billion Won), FY 2009 to FY 2012
• Figure 4-19: Non-life Insurance Claims Paid (Billion Won), FY 2005 to FY 2008
• Figure 4-20: Fire Insurance Premium (Billion Won), FY 2005 to FY 2008
• Figure 4-21: Forecast for Fire Insurance Premium (Billion Won), FY 2009 to FY 2012
• Figure 4-22: Fire Insurance Claims Paid (Billion Won), FY 2005 to FY 2008
• Figure 4-23: Marine Insurance Premium (Billion Won), FY 2005 to FY 2008
• Figure 4-24: Forecast for Marine Insurance Premium (Billion Won), FY 2009 to FY 2012
• Figure 4-25: Marine Insurance Claims Paid (Billion Won), FY 2005 to FY 2008
• Figure 4-26: Casualty Insurance Premium (Billion Won), FY 2005 to FY 2008
• Figure 4-27: Forecast for Casualty Insurance Premium (Billion Won), FY 2009 to FY 2012
• Figure 4-28: Casualty Insurance Claims Paid (Billion Won), FY 2005 to FY 2008
• Figure 4-29: Automobile Insurance Premium (Billion Won), FY 2005 to FY 2008
• Figure 4-30: Forecast for Automobile Insurance Premium (Billion Won), FY 2009 to FY 2012
• Figure 4-31: Automobile Insurance Claims Paid (Billion Won), FY 2005 to FY 2008
• Figure 4-32: Guarantee Insurance Premium (Billion Won), FY 2005 to FY 2008
• Figure 4-33: Forecast for Guarantee Insurance Premium (Billion Won), FY 2009 to FY 2012
• Figure 4-34: Guarantee Insurance Claims Paid (Billion Won), FY 2005 to FY 2008
• Figure 4-35: Long-term Insurance Premium (Billion Won), FY 2005 to FY 2008
• Figure 4-36: Forecast for Long-term Insurance Premium (Billion Won), FY 2009 to FY 2012
• Figure 4-37: Long-term Insurance Claims Paid (Billion Won), FY 2005 to FY 2008
• Figure 4-38: Private Annuity Insurance Premium (Billion Won), FY 2005 to FY 2008
• Figure 4-39: Forecast for Private Annuity Insurance Premium (Billion Won), FY 2009 to FY 2012
• Figure 4-40: Private Annuity Insurance Claims Paid (Billion Won), FY 2005 to FY 2008

List of Tables:

• Table 2-1: Breakup of Ageing Population by Age Group (Million), 2005-2008
• Table 2-2: Forecast for Breakup of Ageing Population by Age Group (Million), 2009-2012
• Table 4-1: Top 10 Life Insurance Companies by Assets (Billion Won), Dec 2008
• Table 4-2: Top 10 Non-life Insurance Companies by Assets (Billion Won), Dec 2008