The number of non-life insurance companies includes reinsurance companies and foreign insurance company branches in Korea.
(Source: FSS Handbook | KIDI)
- Jul 2022: Chubb Life merged with LINA Life
- Nov 2021: Shihan Financial Group acquired BNP Paribas Cardif Nonlife
- Jul 2021: Shinhan Life merged with Orange Life
- Aug 2020: KB Life acquired Prudential Life
| Year | Number of Insurance Companies | Insurance Premium Income (Billions of KRW) | ||||
| Non-Life Insurance | Life Insurance | Total | Non-Life Insurance | Life Insurance | Total | |
| 2023 | 31 | 22 | 53 | 125,201.7 | 112,407.5 | 237,609.2 |
| 2022 | 32 | 23 | 55 | 120,108.8 | 132,683.6 | 252,792.4 |
| 2021 | 30 | 23 | 53 | 104,373.4 | 120,545.7 | 224,919.1 |
| 2020 | 31 | 24 | 55 | 102,317.2 | 119,587.2 | 221,904.4 |
| 2019 | 30 | 24 | 54 | 95,587.8 | 117,262.4 | 212,850.2 |
| 2018 | 31 | 24 | 55 | 91,066.1 | 110,843.1 | 201,909.2 |
| 2017 | 31 | 25 | 56 | 77,477.1 | 113,973.5 | 191,451.2 |
| 2016 | 31 | 25 | 56 | 75,475.8 | 119,811.2 | 195,287.0 |
| 2015 | 31 | 25 | 56 | 117,213.7 | ||
| 2014 | 31 | 25 | 56 | 110,575.3 | ||
| 2013 | 31 | 25 | 56 | 77,236.7 | ||
| 2012 | 31 | 24 | 55 | 115,308.6 | ||
| 2011 | 30 | 23 | 53 | 88,587.9 | ||
| 2010 | 30 | 23 | 53 | 83,007.4 | ||
| 2009 | 30 | 22 | 52 | 76,956.8 | ||
| 2008 | 30 | 22 | 52 | 73,561.4 | ||