Leading car insurance companies' market share South Korea 2016-2022
In 2022, the leading four car insurers in South Korea, Samsung Fire & Marine Insurance, Hyundai Marine & Fire Insurance, Dongbu Insurance, and KB Insurance accounted for nearly 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 2023, the remaining eight medium, small, and online companies have a comparatively small market share that has been steadily shrinking in recent years.
