OECD Insurance Statistics 2013
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OECD Insurance Statistics 2013

This annual publication provides major official insurance statistics for all OECD countries, selected economies in Asia, Africa and for the first time countries belonging to the Association of Latin American Insurance Supervisors (ASSAL). It includes information on the diverse activities of the industry and on international insurance market trends. An analytical chapter including data from OECD members and selected additional economies highlights the underlying reasons for the trends in gross premium growth and claims developments between 2011 and 2012, 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.

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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

OECD
 
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OECD Insurance Statistics, Volume 2013 - © OECD 2013

Korea
‌1Selected aggregates
Million KRW
‌‌
2005
2006
2007
2008
2009
‌2010‌
‌2011‌
‌2012‌
1.1 Insurance business written in the reporting country
 
 
 
 
 
 
 
 
1.1.1 Insurance business, by ownership
 
 
 
 
 
 
 
 
Gross premiums
 
 
 
 
 
 
 
 
Domestic undertakings
87 458 064
 
96 955 095
 
110 393 054
 
115 859 968
 
122 132 179
 
135 405 614
 
148 670 607
 
179 792 881
 
Foreign controlled undertakings
9 470 190
 
10 566 779
 
12 820 314
 
13 480 118
 
14 088 283
 
14 764 615
 
15 090 753
 
16 543 211
 
Foreign companies (branches)
2 600 210
 
3 158 569
 
3 430 441
 
3 587 701
 
4 270 391
 
4 250 510
 
4 083 506
 
3 894 692
 
All undertakings
90 058 274
 
100 100 956
 
111 321 037
 
116 577 984
 
126 402 570
 
139 656 124
 
152 754 113
 
183 687 573
 
Premiums ceded
 
 
 
 
 
 
 
 
Domestic undertakings
6 267 482
 
6 776 092
 
7 344 189
 
8 108 554
 
8 454 320
 
8 248 307
 
7 618 035
 
8 770 133
 
Foreign controlled undertakings
195 145
 
266 676
 
309 793
 
320 610
 
546 607
 
529 774
 
322 429
 
581 696
 
Foreign companies (branches)
403 596
 
543 164
 
333 763
 
369 098
 
553 407
 
407 499
 
614 890
 
448 135
 
All undertakings
6 671 078
 
7 319 256
 
7 677 952
 
8 477 652
 
9 007 727
 
8 655 806
 
8 232 925
 
9 218 268
 
Net written premiums
 
 
 
 
 
 
 
 
Domestic undertakings
81 190 582
 
90 179 003
 
103 048 865
 
107 751 414
 
113 677 859
 
127 157 307
 
141 052 572
 
171 022 748
 
Foreign controlled undertakings
9 275 045
 
10 300 103
 
12 510 521
 
13 159 509
 
13 541 676
 
14 234 841
 
14 768 324
 
15 961 515
 
Foreign companies (branches)
2 196 614
 
2 615 405
 
3 096 678
 
3 218 603
 
3 716 984
 
3 843 011
 
3 468 616
 
3 446 557
 
All undertakings
83 387 196
 
92 794 408
 
106 145 543
 
110 970 018
 
117 394 843
 
131 000 318
 
144 521 188
 
174 469 305
 
1.1.2 Insurance business on foreign risks, gross premiums
 
 
 
 
 
 
 
 
Life
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Non-life
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
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
 
17 029 899
 
29 118 668
 
Unit linked
..
 
..
 
..
 
..
 
16 767 780
 
18 570 246
 
21 278 374
 
21 003 522
 
Other life insurance
..
 
..
 
..
 
..
 
44 163 041
 
45 875 642
 
48 349 089
 
57 004 710
 
Total life insurance
..
 
..
 
..
 
..
 
75 446 826
 
80 939 219
 
86 657 362
 
107 126 900
 
of which:Pension contracts
..
 
..
 
..
 
..
 
2 944 502
 
4 037 523
 
7 039 411
 
6 187 541
 
1.1.4 Non-life insurance payments, by class, gross premiums
 
 
 
 
 
 
 
 
Motor vehicle insurance
9 243 620
 
9 649 225
 
10 575 656
 
11 026 121
 
11 513 159
 
12 712 741
 
13 714 894
 
13 667 642
 
Marine, aviation and other transport insurance
741 408
 
632 377
 
631 851
 
815 631
 
1 169 236
 
1 079 971
 
1 173 162
 
1 249 845
 
Freight insurance
5 029
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Fire and other property damage insurance
537 851
 
313 247
 
305 804
 
290 036
 
481 100
 
343 250
 
433 977
 
509 590
 
Pecuniary loss insurance
..
 
..
 
1 008 466
 
1 114 250
 
1 293 541
 
1 367 999
 
1 551 994
 
1 697 064
 
General liability insurance
800 600
 
..
 
407 663
 
421 467
 
775 149
 
834 878
 
828 088
 
870 395
 
Accident and health
5 723 014
 
..
 
9 764 507
 
10 859 083
 
12 398 730
 
14 665 164
 
16 518 450
 
18 558 162
 
of which:Health
2 586 042
 
..
 
7 676 120
 
8 388 970
 
4 921 216
 
5 877 040
 
6 537 864
 
7 171 480
 
Other non-life insurance
11 526 391
 
18 991 336
 
10 663 864
 
12 167 879
 
20 344 004
 
25 457 371
 
30 630 990
 
38 774 054
 
Treaty reinsurance
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Total non-life insurance
28 577 913
 
..
 
..
 
..
 
47 974 919
 
56 461 374
 
64 851 555
 
75 326 752
 
1.2 Gross claims payments
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Domestic undertakings
10 076 587
 
34 707 856
 
39 384 005
 
45 144 764
 
46 039 241
 
50 304 985
 
50 774 694
 
50 571 293
 
Foreign controlled undertakings
467 293
 
3 122 517
 
4 637 566
 
5 968 643
 
5 652 840
 
7 571 937
 
7 803 732
 
7 981 965
 
Foreign companies (branches)
27 635
 
438 139
 
773 568
 
1 991 711
 
1 180 688
 
1 268 464
 
1 295 108
 
1 251 467
 
All undertakings
10 104 222
 
35 145 996
 
40 157 573
 
47 136 475
 
47 219 929
 
51 573 449
 
52 069 802
 
51 822 760
 
Non-life
 
 
 
 
 
 
 
 
Domestic undertakings
9 985 027
 
12 355 102
 
13 683 416
 
16 254 621
 
18 867 283
 
21 683 043
 
23 980 095
 
26 319 367
 
Foreign controlled undertakings
..
 
0
 
0
 
0
 
580 375
 
664 566
 
620 798
 
833 963
 
Foreign companies (branches)
119 549
 
415 927
 
193 377
 
280 765
 
1 052 992
 
1 043 797
 
919 952
 
914 946
 
All undertakings
10 104 576
 
12 771 030
 
13 876 793
 
16 535 386
 
19 920 275
 
22 726 840
 
24 900 047
 
27 234 313
 
Composite, all undertakings
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Domestic undertakings
20 061 614
 
47 062 959
 
53 067 421
 
61 399 384
 
64 906 524
 
71 988 028
 
74 754 789
 
76 890 660
 
Foreign controlled undertakings
467 293
 
3 122 517
 
4 637 566
 
5 968 643
 
6 233 215
 
8 236 503
 
8 424 530
 
8 815 928
 
Foreign companies (branches)
147 184
 
854 067
 
966 945
 
2 272 476
 
2 233 680
 
2 312 261
 
2 215 060
 
2 166 413
 
All undertakings
20 208 798
 
47 917 025
 
54 034 366
 
63 671 861
 
67 140 204
 
74 300 289
 
76 969 849
 
79 057 073
 
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
10 473 603
 
11 493 730
 
46 394 068
 
49 761 801
 
18 170 539
 
19 832 046
 
27 793 931
 
23 307 641
 
Foreign controlled undertakings
2 247 841
 
1 637 868
 
6 136 005
 
7 628 903
 
4 094 498
 
4 698 261
 
7 229 266
 
5 189 114
 
Foreign companies (branches)
515 315
 
590 153
 
1 461 002
 
2 693 323
 
762 857
 
845 704
 
1 024 103
 
734 416
 
All undertakings
10 988 918
 
12 083 883
 
47 855 069
 
52 455 124
 
18 933 396
 
20 677 750
 
28 818 034
 
24 042 057
 
Non-life
 
 
 
 
 
 
 
 
Domestic undertakings
5 198 624
 
6 112 486
 
18 258 718
 
21 485 231
 
9 308 928
 
9 722 605
 
9 820 687
 
11 569 785
 
Foreign controlled undertakings
..
 
0
 
0
 
0
 
151 338
 
174 348
 
121 666
 
320 770
 
Foreign companies (branches)
227 606
 
264 311
 
391 644
 
509 523
 
492 471
 
479 237
 
428 369
 
331 833
 
All undertakings
5 426 230
 
6 376 797
 
18 650 363
 
21 994 754
 
9 801 399
 
10 201 842
 
10 249 056
 
11 901 618
 
Composite, all undertakings
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Domestic undertakings
15 672 227
 
17 606 216
 
64 652 786
 
71 247 032
 
27 479 467
 
29 554 651
 
37 614 618
 
34 877 426
 
Foreign controlled undertakings
2 247 841
 
1 637 868
 
6 136 005
 
7 628 903
 
4 245 836
 
4 872 609
 
7 350 932
 
5 509 884
 
Foreign companies (branches)
742 921
 
854 464
 
1 852 646
 
3 202 846
 
1 255 328
 
1 324 941
 
1 452 472
 
1 066 249
 
All undertakings
16 415 148
 
18 460 680
 
66 505 432
 
74 449 878
 
28 734 795
 
30 879 592
 
39 067 090
 
35 943 675
 
1.5 Insurance business written abroad by branches, gross premiums
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Branches and agencies
20 045
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Subsidiaries
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Total
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Non-life
 
 
 
 
 
 
 
 
Branches and agencies
464 298
 
675 845
 
..
 
..
 
..
 
..
 
..
 
..
 
Subsidiaries
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Total
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
484 343
 
675 845
 
..
 
..
 
..
 
..
 
..
 
..
 
Subsidiaries
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Total
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-2013-en).
Disclaimer: http://oe.cd/disclaimer

 
Countries Covered:
Korea, Republic of
 
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