Scope
Published: March 2012
No. of Pages:49
Price: Single User License: US$ 1900 Corporate User License: US$ 3900
The South Korean motor insurance category is growing steadily due to the introduction of mandatory motor liability insurance policies and the country’s rising number of passenger car sales. According to South Korean law, all car users must purchase compulsory automobile liability insurance (CALI) which provides insurance cover against physical injury or death caused to a third party in a road accident. The implementation of the mandatory motor insurance policy has been one of the main growth drivers for South Korean motor insurance during the review period. Furthermore, the South Korean government has passed several support schemes to encourage consumer spending and support the expansion of the country’s automobile industry during the review period. The government’s support schemes include multiple tax benefits for consumers who buy new cars and trade in vehicle models bought prior to 1999. This drove the South Korean motor insurance category growth during the review period.
Reasons To Buy
This report provides a comprehensive analysis of the motor insurance industry in South Korea
- It provides historical values for the South Korean motor insurance industry for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key markets in the South Korean motor insurance industry, along with market forecasts until 2016
- It details the different macroeconomic factors affecting the motor insurance industry in South Korea
- It covers an exhaustive summary on the key trends and drivers affecting the motor insurance industry
- It outlines the current regulatory framework in the industry
- It details the business and operations strategy used by various South Korean motor insurance companies
- It profiles the major insurers in the South Korean motor insurance industry
Synopsis
The report provides top-level market analysis, information and insights into the South Korean motor insurance industry, including:
The report provides top-level market analysis, information and insights into the South Korean motor insurance industry, including:
- Current, historic and forecast values for the South Korean motor insurance industry
- Comprehensive, country-specific analysis of the industry’s market attractiveness, covering key trends and drivers, plus benchmarking with other key markets
- Detailed analysis of the business and operations strategy used by various motor insurers in the market, including marketing strategy and social media strategy
- Detailed analysis of the challenges affecting the South Korean motor insurance industry
- Company profiles of the major insurers in the South Korean motor insurance market
Published: March 2012
No. of Pages:49
Price: Single User License: US$ 1900 Corporate User License: US$ 3900
The South Korean motor insurance category is growing steadily due to the introduction of mandatory motor liability insurance policies and the country’s rising number of passenger car sales. According to South Korean law, all car users must purchase compulsory automobile liability insurance (CALI) which provides insurance cover against physical injury or death caused to a third party in a road accident. The implementation of the mandatory motor insurance policy has been one of the main growth drivers for South Korean motor insurance during the review period. Furthermore, the South Korean government has passed several support schemes to encourage consumer spending and support the expansion of the country’s automobile industry during the review period. The government’s support schemes include multiple tax benefits for consumers who buy new cars and trade in vehicle models bought prior to 1999. This drove the South Korean motor insurance category growth during the review period.
Reasons To Buy
- Make strategic business decisions using top-level historic and forecast market data related to the South Korean motor insurance industry and each market within it
- Understand the key market trends and growth opportunities within the South Korean motor insurance industry
- Assess the competitive dynamics in the South Korean motor insurance industry
- Gain insights into the business and operations strategies used by South Korean motor insurers
- Gain insights into key regulations governing the South Korean motor insurance industry
