Personal Accident and Health Insurance in South Korea, Key Trends and Opportunities to 2018

Posted by David Lee at 04:42 on Monday 2 March 2015
ResearchMoz.us include new market research report " Personal Accident and Health Insurance in South Korea to 2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

In terms of gross written premium, the personal accident and health insurance segment grew from KRW16.3 trillion (US$12.7 billion) in 2009 to KRW28.0 trillion (US$25.5 billion) in 2013, after recording a review-period (2009–2013) compound annual growth rate (CAGR) of 14.5%. This growth was a result of the high rate of traffic accidents, the aging population, and rises in product penetration, disposable income and the volume of outbound tourists.

These factors are also expected to support the segment’s growth over the forecast period (2013–2018). The segment’s gross written premium is projected to reach KRW43.4 trillion (US$41.2 billion) in 2018, after registering a forecast-period CAGR of 9.2%.

Scope:-

This report provides a comprehensive analysis of the personal accident and health insurance segment in South Korea:
  • It provides historical values for the South Korean personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the South Korean personal accident and health insurance segment, along with market forecasts until 2018.
  • 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.
  • It profiles the top personal accident and health insurance companies in South Korea and outlines the key regulations affecting them.
Request a FREE copy of a REPORT SAMPLE at: http://www.researchmoz.com/enquiry.php?type=sample&repid=245068

Key Highlights:-
  • In terms of gross written premium, the personal accident and health insurance segment grew at a review-period CAGR of 14.5%.
  • This growth was a result of the high rate of traffic accidents, the aging population, and rises in product penetration, disposable income and the volume of outbound tourists.
  • Due to the segment’s competitive nature, South Korean personal accident and health insurers primarily focus on technical collaborations to gain a competitive advantage.
  • The segment remains highly competitive, and challenges arise from high rates of suicide and smoking, leading to huge losses for insurers during the review period.
  • The growth of personal accident category is expected to be driven by rising consumer awareness of the importance of personal accident cover, due to the country’s high traffic accident rate.
  • Growth in the health category is expected to be driven by an overall rise in healthcare expenditure due to South Korea’s rapidly aging population, and the increased participation of private health insurers.

About Us:

ResearchMoz ( http://www.researchmoz.us/ ) is the one stop online destination to find and buy market research reports. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. We provide the market context, competitor insight and future trends needed for strategic planning.

For More Information Kindly Contact: 
Mr. Nachiket
Tel:+1-518-618-1030 
Toll Free: 866-997-4948
Labels: , , ,

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)