Total premiums earned by non-life insurers South Korea 1988-2023

Published by L. Yoon, Apr 7, 2025

In 2023, the total value of premiums earned by non-life insurance companies in South Korea amounted to about 123.94 trillion South Korean won. The total premiums earned by non-life insurers have steadily increased over the past few years, reaching a record high in 2023.

Total value of premiums earned by non-life insurance companies in South Korea from 1988 to 2023

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Release date

March 2025

Region

South Korea

Survey time period

1988 to 2023

Supplementary notes

Figures prior to 2014 are based on previous reports.

1,000 South Korean won equals 0.68 U.S. dollars or 0.63 euros as of April 2025.

Figures have been rounded. 

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