In 2022, the car insurance market value in South Korea amounted to around 20.8 trillion South Korean won, an increase of 2.4 percent from the previous year. 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 car insurance market that year.The insurance market in South Korea has expanded in recent years, due in no small part to the increase in newly insured vehicles and the rise in insurance rates.
Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written
(in trillion South Korean won)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
KDI. (April 3, 2023). Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
KDI. "Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won)." Chart. April 3, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
KDI. (2023). Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
KDI. "Market Size of The Car Insurance Market in South Korea from 2016 to 2022, by Direct Premiums Written (in Trillion South Korean Won)." Statista, Statista Inc., 3 Apr 2023, https://www.statista.com/statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
KDI, Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won) Statista, https://www.statista.com/statistics/1227776/south-korea-car-insurance-market-size-by-premiums/ (last visited November 23, 2024)
Market size of the car insurance market in South Korea from 2016 to 2022, by direct premiums written (in trillion South Korean won) [Graph], KDI, April 3, 2023. [Online]. Available: https://www.statista.com/statistics/1227776/south-korea-car-insurance-market-size-by-premiums/
