Market share of leading life insurers South Korea 2023

Published by L. Yoon, Mar 31, 2025

In 2023, Samsung Life Insurance held the largest share of the South Korean life insurance market, accounting for about 23 percent of it. Kyobo Life Insurance and Hanwha Life Insurance followed, with around 17 percent and 13 percent, respectively. Together, these three leading life insurers comprised a combined market share of about 52 percent in the South Korean life insurance sector.

Market share of leading life insurance companies in South Korea in 2023

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Release date

September 2024

Region

South Korea

Survey time period

2023

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