Leading car insurance companies' market share South Korea 2016-2024

Published by L. Yoon, Apr 14, 2025

In 2023, the leading four car insurers in South Korea, Samsung Fire & Marine Insurance, Hyundai Marine & Fire Insurance, DB Insurance, and KB Insurance, accounted for over 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 2024, 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 2024

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Release date

April 2025

Region

South Korea

Survey time period

2016 to 2024

Supplementary notes

Figures prior to 2019 were retrieved from previous reports.

Companies include Samsung Fire & Marine Insurance, Hyundai Marine & Fire Insurance, DB Insurance, and KB Insurance

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Insurance industry in South KoreaHealthcare in South Korea Health insurance in South KoreaAging population in South KoreaElderly care in South Korea
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