2012-10-06 19:56:53 - New Financial Services research report from Timetric is now available from Fast Market Research

The absence of any large natural disasters in South Korea meant no major losses were recorded in the insurance industry during the review period. The premium retained by insurers increased, resulting in high competition over reinsurance premium rates. As a result, the South Korean reinsurance segment did not register a steep growth in premium rates, especially when compared to other developed countries such as Japan and the US. A recovering economy means South Korea's reinsurance segment is expected to record growth similar to that expected in the rest of the Asia-Pacific region.


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Key Highlights

* The absence of any major catastrophes during the review period resulted in the South Korean reinsurance market softening.
* The

increase in compulsory property and construction insurance against natural disasters for small and medium scale enterprises is expected to be a significant driver of growth in the reinsurance segment.
* The losses due to the tsunami in Japan and the earthquake in Haiti have caused insurers to review risk management.
* Korean Re remains the dominant reinsurance company in the South Korean segment, accounting for a 65% market share. The company is the largest reinsurance company in Asia.

Scope

This report provides a comprehensive analysis of the reinsurance market in South Korea:

* It provides historical values for South Korea's reinsurance 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 reinsurance market, along with market forecasts until 2016
* It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in South Korea and its growth prospects
* It profiles the top reinsurance companies in South Korea

Reasons to Purchase

* Make strategic business decisions using in depth historic and forecast market data related to the South Korean reinsurance market and each sector within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the South Korean reinsurance market
* Assess the competitive dynamics in the reinsurance 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

Companies Mentioned in this Report: Korean Reinsurance Co., Munich Re, General Re, RGA Re, Swiss Re, Hannover Re, SCOR Re

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 South Korean Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007-2016
3.2 Reinsurance Growth Dynamics and Challenges
3.2.1 Reinsurance market size, 2007-2016
3.2.2 Reinsurance market size by type of insurance, 2007-2016
4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Segment Drivers
4.3 Non-Life Insurance Segment Drivers
4.4 Personal Accident and Health Insurance Segment Drivers
4.5 Recent Market Developments
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the South Korean Reinsurance Segment
5.3 Korean Reinsurance Company - Company Overview
5.3.1 Korean Reinsurance Company - Key Facts
5.3.2 Korean Reinsurance Company - Key Financials
5.4 Munich Reinsurance Company - Company Overview
5.4.1 Munich Reinsurance Company - Key Facts
5.5 General Reinsurance AG - Company Overview
5.5.1 General Reinsurance AG - Key Facts
5.6 RGA Reinsurance Company - Company Overview
5.6.1 RGA Reinsurance Company - Key Facts
5.7 Swiss Reinsurance Company Ltd - Company Overview
5.7.1 Swiss Reinsurance Company Ltd - Key Facts
5.8 Hannover Ruckversicherung AG - Company Overview
5.8.1 Hannover Ruckversicherung AG - Key Facts
5.9 SCOR Reinsurance Asia Pacific Pte. Ltd - Company Overview
5.9.1 SCOR Reinsurance Asia Pacific Pte. Ltd - Key Facts
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Business confidence indicator
6.1.2 Market capitalization trend - Korea Exchange, South Korea
6.1.3 FDI inflows by sector
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollar)
6.2.2 GDP per capita at constant prices (US dollar)
6.2.3 GDP at current prices (US dollar)
6.2.4 GDP per capita at current prices (US dollar)
6.2.5 GDP by key segments
6.2.6 Agricultural net output at current prices (South Korean won)
6.2.7 Agricultural net output at current prices (US dollar)
6.2.8 Agricultural net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (South Korean won)
6.2.10 Manufacturing net output at current prices (US dollar)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (South Korean won)
6.2.13 Mining, manufacturing and utilities at current prices (US dollar)
6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.15 Construction net output at current prices (South Korean won)
6.2.16 Construction net output at current prices (US dollar)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Inflation rate
6.2.19 Current account balance as a percentage of GDP
6.2.20 Exports as a percentage of GDP
6.2.21 Imports as a percentage of GDP
6.2.22 Exports growth
6.2.23 Imports growth
6.2.24 External debt as a percentage of GDP
6.2.25 Annual average exchange rate US$-KRW
6.2.26 End-of-period exchange rate US$-KRW
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Railways and roadways

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About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

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