In 2022, life and non-life insurance penetration in South Korea reached about 11.1 percent, an increase from the previous year. Life and non-life insurance penetration stood at 5.4 and 5.8 percent respectively.
Life and non-life insurance penetration in South Korea from 2016 to 2022
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Statistics on
About the industry
9
- Premium Statistic Forecast value of insurance premiums written in Russia 2023, by type
- Premium Statistic Forecast growth of insurance premiums written in Russia 2023, by type
- Premium Statistic Insurance market premiums volume by type of insurance in Spain 2005-2022
- Premium Statistic Spain: financial and insurance activities sector as a percentage of GDP 1995-2022
- Premium Statistic Premiums value for professional property and liability insurance in France 2016-2021
- Premium Statistic Net accrued premiums of non-life insurance industry Spain 2019-2022, by segment
- Premium Statistic Gross accrued premiums in the Spanish insurance sector 2022, by insurance type
- Premium Statistic Number of operating mutual insurance societies in Spain 2011-2022
- Premium Statistic Private reinsurance brokers in Spain 2022, by legal personality
About the region
10
- Premium Statistic General insurance brand competitiveness index in South Korea 2023
- Premium Statistic Net profit Hanwha Life Insurance 2014-2021
- Premium Statistic Premium income Hanwha Life Insurance 2014-2021
- Premium Statistic Operating revenue of KB Life Insurance 2016-2022
- Premium Statistic KB Life Insurance - net profit 2016-2022
- Premium Statistic Kyobo Life's net income FY 2013-FY 2021
- Premium Statistic Kyobo Life's total assets FY 2013-FY 2021
- Premium Statistic Kyobo Life's premium income FY 2013-FY 2021, by category
- Premium Statistic Life insurance brand competitiveness index in South Korea 2023
- Premium Statistic Life insurance company customer satisfaction index South Korea 2022
Selected statistics
6
- Premium Statistic Ping An Insurance's annual revenue 2012-2022
- Premium Statistic Total assets of China Pacific Insurance 2012-2022
- Premium Statistic Distribution of Allianz Group third-party assets under management 2023, by region
- Basic Statistic Total assets of UnitedHealth Group 2007-2023
- Premium Statistic Net earnings of UnitedHealth Group 2007-2023
- Premium Statistic Revenues of China Life Insurance 2013-2023
Other regions
10
- Premium Statistic Premiums value for fleet vehicle insurance in France 2005-2021
- Premium Statistic Total value of non-life premiums in selected countries in Africa in 2019
- Premium Statistic United Kingdom: operating profit margin of general insurers 2018
- Premium Statistic Number of active private insurance companies in Spain 2011-2022
- Premium Statistic Allianz net income globally 2017-2023, by segment
- Premium Statistic Value of non-life insurance sector in Japan 2009-2025, by type
- Premium Statistic Value of non-life insurance sector in India 2009-2025, by type
- Premium Statistic Value of non-life insurance sector in Indonesia 2009-2025, by type
- Premium Statistic Brazil: digital insurances contracted by the banking sector 2018-2019
- Premium Statistic Value of non-life insurance sector in Israel 2009-2025, by type
Related statistics
10
- Premium Statistic Operating profit KB Life Insurance 2016-2022
- Premium Statistic Hospital stays from car accidents South Korea 2014-2019
- Premium Statistic Hospital stays from car accidents South Korea 2019, by age
- Premium Statistic Value of motor vehicle insurance sector in South Korea 2009-2025
- Premium Statistic Leading life insurance companies South Korea 2022, by gross premiums written
- Premium Statistic Hanwha Life Insurance market share South Korea 2014-2022
- Premium Statistic Samsung Life Insurance market share South Korea 2014-2022
- Premium Statistic Kyobo Life Insurance market share South Korea 2014-2022
- Premium Statistic Top 3 insurance companies' market share South Korea 2014-2022
- Premium Statistic Small and medium-sized insurance companies' market share South Korea 2014-2022
Further related statistics
10
- Purchases of life insurance in the U.S. 2018, by state
- Rate of return on life insurers' invested assets in the U.S. 2000-2018
- Share of U.S. Millennials whose monthly expenses were paid by their parents 2014
- Medicare - number of skilled nursing facilities in the U.S. 1967-2021
- Assets under management of Allianz Group 2005-2023
- U.S. life insurance: number of policies in force 2008-2022
- Types of mortgages held by U.S. life insurers 2018
- U.S. life insurance: number of individual life policies purchased 2009-2018
- U.S. life insurance: number of group policies purchased 2009-2018
- Largest U.S. life insurance companies in 2018, by direct annuity considerations
Further Content: You might find this interesting as well
Statistics
- Purchases of life insurance in the U.S. 2018, by state
- Rate of return on life insurers' invested assets in the U.S. 2000-2018
- Share of U.S. Millennials whose monthly expenses were paid by their parents 2014
- Medicare - number of skilled nursing facilities in the U.S. 1967-2021
- Assets under management of Allianz Group 2005-2023
- U.S. life insurance: number of policies in force 2008-2022
- Types of mortgages held by U.S. life insurers 2018
- U.S. life insurance: number of individual life policies purchased 2009-2018
- U.S. life insurance: number of group policies purchased 2009-2018
- Largest U.S. life insurance companies in 2018, by direct annuity considerations
Korea Insurance Research Institute. (September 30, 2023). Life and non-life insurance penetration in South Korea from 2016 to 2022 [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/
Korea Insurance Research Institute. "Life and non-life insurance penetration in South Korea from 2016 to 2022." Chart. September 30, 2023. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/
Korea Insurance Research Institute. (2023). Life and non-life insurance penetration in South Korea from 2016 to 2022. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/
Korea Insurance Research Institute. "Life and Non-life Insurance Penetration in South Korea from 2016 to 2022." Statista, Statista Inc., 30 Sep 2023, https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/
Korea Insurance Research Institute, Life and non-life insurance penetration in South Korea from 2016 to 2022 Statista, https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/ (last visited May 13, 2024)
Life and non-life insurance penetration in South Korea from 2016 to 2022 [Graph], Korea Insurance Research Institute, September 30, 2023. [Online]. Available: https://www.statista.com/statistics/1305976/south-korea-life-and-non-life-insurance-penetration/