OECD Insurance Statistics 2012
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OECD Insurance Statistics 2012

The insurance industry is a key component of the economy by virtue of the amount of premiums it collects, the scale of its investment and, more fundamentally, the essential social and economic role it plays in covering personal and business risks.

This annual publication provides major official insurance statistics for all OECD countries. The reader will find information on the diverse activities of this industry and on international insurance market trends.

For the first time an analytical chapter including data from OECD members and selected additional economies has been included. This additional chapter highlights the underlying reasons for the trends in gross premium growth and claims developments between 2010 and 2011, and presents key performance indicators.

The data, which are standardised as far as possible, are broken down under numerous sub-headings, and a series of indicators makes the characteristics of the national markets more readily comprehensible. This publication is an essential tool for civil servants, professionals and academics working in the insurance field.

The data in this publication are also available on the OECD iLibrary under the title OECD Insurance Statistics (http://dx.doi.org/10.1787/ins-data-en).

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From chapter Korea
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Table
 

Table 1 – Selected aggregates: Korea You or your institution have access to this content

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OECD Insurance Statistics, Volume 2012 - © OECD 2012

Korea
‌1Selected aggregates
Million KRW
‌‌
2004
2005
2006
2007
2008
2009
‌2010‌
‌2011‌
1.1 Insurance business written in the reporting country
 
 
 
 
 
 
 
 
1.1.1 Insurance business, by ownership
 
 
 
 
 
 
 
 
Gross premiums
 
 
 
 
 
 
 
 
Domestic undertakings
77 541 830
 
87 458 064
 
96 955 095
 
110 393 054
 
115 859 968
 
122 132 179
 
135 405 614
 
..
 
Foreign controlled undertakings
7 436 819
 
9 470 190
 
10 566 779
 
12 820 314
 
13 480 118
 
14 088 283
 
14 764 615
 
..
 
Foreign companies (branches)
2 048 736
 
2 600 210
 
3 158 569
 
3 430 441
 
3 587 701
 
4 270 391
 
4 250 510
 
..
 
All undertakings
79 590 566
 
90 058 274
 
100 100 956
 
111 321 037
 
116 577 984
 
126 402 570
 
139 656 124
 
..
 
Premiums ceded
 
 
 
 
 
 
 
 
Domestic undertakings
5 595 479
 
6 267 482
 
6 776 092
 
7 344 189
 
8 108 554
 
8 454 320
 
8 248 307
 
..
 
Foreign controlled undertakings
142 463
 
195 145
 
266 676
 
309 793
 
320 610
 
546 607
 
529 774
 
..
 
Foreign companies (branches)
221 410
 
403 596
 
543 164
 
333 763
 
369 098
 
553 407
 
407 499
 
..
 
All undertakings
5 816 889
 
6 671 078
 
7 319 256
 
7 677 952
 
8 477 652
 
9 007 727
 
8 655 806
 
..
 
Net written premiums
 
 
 
 
 
 
 
 
Domestic undertakings
71 946 351
 
81 190 582
 
90 179 003
 
103 048 865
 
107 751 414
 
113 677 859
 
127 157 307
 
..
 
Foreign controlled undertakings
7 294 356
 
9 275 045
 
10 300 103
 
12 510 521
 
13 159 509
 
13 541 676
 
14 234 841
 
..
 
Foreign companies (branches)
1 827 326
 
2 196 614
 
2 615 405
 
3 096 678
 
3 218 603
 
3 716 984
 
3 843 011
 
..
 
All undertakings
73 773 677
 
83 387 196
 
92 794 408
 
106 145 543
 
110 970 018
 
117 394 843
 
131 000 318
 
..
 
1.1.2 Insurance business on foreign risks, gross premiums
 
 
 
 
 
 
 
 
Life
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Non-life
422 142
 
484 343
 
675 845
 
896 455
 
1 221 109
 
8 061 186
 
1 393 220
 
..
 
Composite total
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
422 142
 
484 343
 
675 845
 
896 455
 
1 221 109
 
8 061 186
 
1 393 220
 
..
 
1.1.3 Life insurance payments, by class, gross premiums
 
 
 
 
 
 
 
 
Annuities
..
 
..
 
..
 
..
 
..
 
14 516 005
 
16 493 331
 
..
 
Unit linked
..
 
..
 
..
 
..
 
..
 
16 767 780
 
18 570 246
 
..
 
Other life insurance
..
 
..
 
..
 
..
 
..
 
44 163 041
 
45 875 642
 
..
 
Total life insurance
..
 
..
 
..
 
..
 
..
 
75 446 826
 
80 939 219
 
..
 
of which:Pension contracts
..
 
..
 
..
 
..
 
..
 
2 944 502
 
4 037 523
 
..
 
1.1.4 Non-life insurance payments, by class, gross premiums
 
 
 
 
 
 
 
 
Motor vehicle insurance
8 938 931
 
9 243 620
 
9 649 225
 
10 575 656
 
11 026 121
 
11 513 159
 
12 712 741
 
..
 
Marine, aviation and other transport insurance
708 504
 
741 408
 
632 377
 
631 851
 
815 631
 
1 169 236
 
1 079 971
 
..
 
Freight insurance
5 370
 
5 029
 
..
 
..
 
..
 
..
 
..
 
..
 
Fire and other property damage insurance
487 921
 
537 851
 
313 247
 
305 804
 
290 036
 
481 100
 
343 250
 
..
 
Pecuniary loss insurance
..
 
..
 
..
 
1 008 466
 
1 114 250
 
1 293 541
 
1 367 999
 
..
 
General liability insurance
829 829
 
800 600
 
..
 
407 663
 
421 467
 
775 149
 
834 878
 
..
 
Accident and health
5 131 243
 
5 723 014
 
..
 
9 764 507
 
10 859 083
 
12 398 730
 
14 665 164
 
..
 
of which:Health
2 567 767
 
2 586 042
 
..
 
7 676 120
 
8 388 970
 
4 921 216
 
5 877 040
 
..
 
Other non-life insurance
9 723 317
 
11 526 391
 
18 991 336
 
10 663 864
 
12 167 879
 
20 344 004
 
25 457 371
 
..
 
Treaty reinsurance
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Total non-life insurance
25 825 115
 
28 577 913
 
..
 
..
 
..
 
47 974 919
 
56 461 374
 
..
 
1.2 Gross claims payments
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Domestic undertakings
31 461 676
 
10 076 587
 
34 707 856
 
39 384 005
 
45 144 764
 
46 039 241
 
50 304 985
 
..
 
Foreign controlled undertakings
2 286 644
 
467 293
 
3 122 517
 
4 637 566
 
5 968 643
 
5 652 840
 
7 571 937
 
..
 
Foreign companies (branches)
160 892
 
27 635
 
438 139
 
773 568
 
1 991 711
 
1 180 688
 
1 268 464
 
..
 
All undertakings
31 622 568
 
10 104 222
 
35 145 996
 
40 157 573
 
47 136 475
 
47 219 929
 
51 573 449
 
..
 
Non-life
 
 
 
 
 
 
 
 
Domestic undertakings
9 433 325
 
9 985 027
 
12 355 102
 
13 683 416
 
16 254 621
 
18 867 283
 
21 683 043
 
..
 
Foreign controlled undertakings
..
 
..
 
0
 
0
 
0
 
580 375
 
664 566
 
..
 
Foreign companies (branches)
88 418
 
119 549
 
415 927
 
193 377
 
280 765
 
1 052 992
 
1 043 797
 
..
 
All undertakings
9 521 743
 
10 104 576
 
12 771 030
 
13 876 793
 
16 535 386
 
19 920 275
 
22 726 840
 
..
 
Composite, all undertakings
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Domestic undertakings
40 895 001
 
20 061 614
 
47 062 959
 
53 067 421
 
61 399 384
 
64 906 524
 
71 988 028
 
..
 
Foreign controlled undertakings
2 286 644
 
467 293
 
3 122 517
 
4 637 566
 
5 968 643
 
6 233 215
 
8 236 503
 
..
 
Foreign companies (branches)
249 310
 
147 184
 
854 067
 
966 945
 
2 272 476
 
2 233 680
 
2 312 261
 
..
 
All undertakings
41 144 311
 
20 208 798
 
47 917 025
 
54 034 366
 
63 671 861
 
67 140 204
 
74 300 289
 
..
 
1.3 Commissions
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Domestic undertakings
..
 
..
 
..
 
15 603 919
 
16 027 714
 
8 315 606
 
4 774 647
 
..
 
Foreign controlled undertakings
..
 
..
 
..
 
3 260 784
 
3 493 518
 
1 801 392
 
1 125 660
 
..
 
Foreign companies (branches)
..
 
..
 
..
 
833 657
 
842 042
 
324 907
 
43 548
 
..
 
All undertakings
..
 
..
 
..
 
16 437 575
 
16 869 756
 
8 640 513
 
4 818 195
 
..
 
Non-life
 
 
 
 
 
 
 
 
Domestic undertakings
..
 
..
 
..
 
9 106 421
 
10 778 474
 
4 992 487
 
2 242 103
 
..
 
Foreign controlled undertakings
..
 
..
 
..
 
0
 
0
 
1 697
 
162 058
 
..
 
Foreign companies (branches)
..
 
..
 
..
 
69 133
 
76 212
 
13 541
 
68 803
 
..
 
All undertakings
..
 
..
 
..
 
9 175 554
 
10 854 686
 
5 006 028
 
2 310 906
 
..
 
Composite, all undertakings
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Domestic undertakings
..
 
..
 
..
 
24 710 340
 
26 806 188
 
13 308 093
 
7 016 750
 
..
 
Foreign controlled undertakings
..
 
..
 
..
 
3 260 784
 
3 493 518
 
1 803 089
 
1 287 718
 
..
 
Foreign companies (branches)
..
 
..
 
..
 
902 790
 
918 254
 
338 448
 
112 351
 
..
 
All undertakings
..
 
..
 
..
 
25 613 129
 
27 724 442
 
13 646 541
 
7 129 101
 
..
 
1.4 Gross operating expenses
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Domestic undertakings
5 242 762
 
10 473 603
 
11 493 730
 
46 394 068
 
49 761 801
 
18 170 539
 
19 832 046
 
..
 
Foreign controlled undertakings
789 175
 
2 247 841
 
1 637 868
 
6 136 005
 
7 628 903
 
4 094 498
 
4 698 261
 
..
 
Foreign companies (branches)
105 561
 
515 315
 
590 153
 
1 461 002
 
2 693 323
 
762 857
 
845 704
 
..
 
All undertakings
5 348 323
 
10 988 918
 
12 083 883
 
47 855 069
 
52 455 124
 
18 933 396
 
20 677 750
 
..
 
Non-life
 
 
 
 
 
 
 
 
Domestic undertakings
4 682 573
 
5 198 624
 
6 112 486
 
18 258 718
 
21 485 231
 
9 308 928
 
9 722 605
 
..
 
Foreign controlled undertakings
..
 
..
 
0
 
0
 
0
 
151 338
 
174 348
 
..
 
Foreign companies (branches)
192 271
 
227 606
 
264 311
 
391 644
 
509 523
 
492 471
 
479 237
 
..
 
All undertakings
4 874 844
 
5 426 230
 
6 376 797
 
18 650 363
 
21 994 754
 
9 801 399
 
10 201 842
 
..
 
Composite, all undertakings
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Domestic undertakings
9 925 335
 
15 672 227
 
17 606 216
 
64 652 786
 
71 247 032
 
27 479 467
 
29 554 651
 
..
 
Foreign controlled undertakings
789 175
 
2 247 841
 
1 637 868
 
6 136 005
 
7 628 903
 
4 245 836
 
4 872 609
 
..
 
Foreign companies (branches)
297 832
 
742 921
 
854 464
 
1 852 646
 
3 202 846
 
1 255 328
 
1 324 941
 
..
 
All undertakings
10 223 167
 
16 415 148
 
18 460 680
 
66 505 432
 
74 449 878
 
28 734 795
 
30 879 592
 
..
 
1.5 Insurance business written abroad by branches, gross premiums
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Branches and agencies
..
 
20 045
 
..
 
..
 
..
 
..
 
..
 
..
 
Subsidiaries
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Total
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Non-life
 
 
 
 
 
 
 
 
Branches and agencies
422 142
 
464 298
 
675 845
 
..
 
..
 
..
 
..
 
..
 
Subsidiaries
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Total
422 142
 
484 323
 
675 845
 
896 455
 
1 221 109
 
8 061 186
 
1 393 220
 
..
 
Composite total
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Branches and agencies
422 142
 
484 343
 
675 845
 
..
 
..
 
..
 
..
 
..
 
Subsidiaries
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Total
422 142
 
484 323
 
675 845
 
896 455
 
1 221 109
 
8 061 186
 
1 393 220
 
..
 
..
Not available
x
Not applicable
Note: For methodological notes see the entry for this country in the full report (http://dx.doi.org/10.1787/ins_stats-2012-en).
Disclaimer: http://oe.cd/disclaimer

 
Countries Covered:
Korea, Republic of
 
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