Leading car insurance companies' market share South Korea 2016-2022

Published by L. Yoon, Nov 30, 2023
In 2022, the leading four car insurers in South Korea, Samsung Fire & Marine Insurance, Hyundai Marine & Fire Insurance, Dongbu Insurance, and KB Insurance accounted for nearly 85 percent of the South Korean market, staying at the same level compared to the previous year. While there were a total of 12 auto insurance companies in South Korea as of April 2023, the remaining eight medium, small, and online companies have a comparatively small market share that has been steadily shrinking in recent years.

Total market share of leading car insurance companies in South Korea from 2016 to 2022

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Release date

April 2023

Region

South Korea

Survey time period

2016 to 2022

Special properties

companies include Samsung Fire & Marine Insurance, Hyundai Marine & Fire Insurance, Dongbu Insurance, and KB Insurance

Supplementary notes

Figures prior to 2017 were retrieved from a previous report edition.

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