South Korea Life and Non-Life Insurance Market Size 2033

The South Korea life and non-life insurance market size reached USD 161.37 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 231.68 Billion by 2033, exhibiting a growth rate (CAGR) of 3.70% during 2025-2033. The market growth is being driven by government reforms and aging population, along with the rising use of advanced technologies such artificial intelligence (AI), big data analytics, and the internet of things (IoT).

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