Markets Details - Korea


Supervisory Authority
Financial Supervisory Service
Business Address
38 Yeoui-daero, Youngdeungpo-gu, Seoul 150-743,
South Korea
Tel: 82-2-3145 5114, 3145 7908 / 5803 (International)
Fax: 82-2-785 3475, 3145 5808 (International)
Email: fssintl@fss.or.kr
Website: www.fss.or.kr
 
 
Insurance Associations
General Insurance Association of Korea
Business Address
6th Fl, Korean Reinsurance Bldg, 80, Susong-dong,
Jongno-Gu, Seoul 110-140, South Korea
Tel: 82-2-3702 8539 / 8500
Fax: 82-2-3702 8549, 739 3769
Email: jhero@knia.or.kr
Website: www.knia.or.kr
 
Korea Life Insurance Association
Business Address
16th Fl, 173 Toegyero, Jung-gu, Seoul 100-705,
South Korea
Tel: 82-2-2262 6600 Fax: 82-2-2262 6580
Email: info@klia.or.kr
Website: www.klia.or.kr
 
Korean Fire Protection Association
Business Address
KFPA Building, 35-4 Youido-dong, Yongdeungpo-gu,
Seoul 150-885, South Korea
Tel: 82-2-3780 0200 / 0231 Fax: 82-2-3780 0239
Email: kfpa@kfpa.or.kr
Website: www.kfpa.or.kr
 
Korean Insurance Brokers Association
Business Address
Suite 1218, VABIEN-3 Bldg, 215, Sunhwa-dong,
Jung-gu, Seou1, Korea 100-130, South Korea
Tel: 82-2-776 5536 Fax: 82-2-776 5539
Email: master@ikiba.or.kr
Website: www.ikiba.or.kr
 
 
Educational and Insurance Institutions
Korea Insurance Institute
Business Address
Korea Insurance Institute Building, 45, Bomun-dong
1 Ka, Seong Buk-gu, Seoul 136-081, South Korea
Tel: 82-2-920 0800/0813 Fax: 82-2-3291 3533
Website: www.in.or.kr

Statistics

Premium volume (in millions)
Total Prem : USD 139, 296
Life Prem : USD 78,920
Non-life Prem :  USD 60,376
   
Insurance Penetration (2012)
Premiums as a % of GDP
Total Biz 12.12%
 
Insurance Density (2012)
Premiums per capita in USD
Total Biz
2785.4
   
Source: Swiss Re - Sigma report.

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