KB Life Insurance
KB Life Insurance is the life insurance business of KB Financial Group. KB Life originally was a joint venture between KB Group (51%) and ING Group (49%). KB Life was established in 2004 originally with a bancassurance only distribution model, but today has developed into a multichannel insurer, offering savings, annuities and protection products for Korean individuals and families
KB Financial Group to merge life insurance subsidiaries
KB Financial Group to merge life insurance subsidiaries
The insurers merging are KB Life Insurance and Prudential Life Insurance of Korea.
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Ageing populations and rising mortality main concerns for life insurers and reinsurers