South Korea
Korea P&I faces volatility risk from large claims over near term
Korea P&I faces volatility risk from large claims over near term
AM Best said the club’s small capital base leaves earnings exposed.
4 days ago
South Korea insurers’ $3b profit leaves non-life firms behind
The 30 non-life players reported $1.4b after a year-on-year decline.
South Korea insurers lift overseas profit to $197m
FSS said earnings rose by $37.9m from $159.1m a year earlier.
South Korea insurers lift capital by $6b under K-ICS in December 2025
Available capital reached $190.3b at the end of December.
Hanwha Life profit run-rate trails $300m target
Standalone net income nearly doubled to $0.2b in the first quarter of 2026.
Capital regime pressure hits Korean insurers' margins amidst rising claims
New core capital ratio rule is set to tighten balance sheet quality.
South Korean insurers post 14.5% profit drop in 2025
Total premium income reached $179b across life and non-life segments.
Hanwha Life's net income sinks 56.5% in FY 2025
Insurance earnings slid 32% YoY.
South Korea regulator widens responsibilities maps from insurers to savings banks
FSC invites $0.49b savings banks into pilot ahead of 2 July 2026.
South Korea insurers see profits sink 15.2% in 9M 2025
Net income slid to $7.90b despite gains from asset sales and revaluations.
South Korean insurers’ capital reaches $200b in Q3 2025
Net earnings were $2.3b and other comprehensive income increased $4.9b over the quarter.
South Korea eases retrocession paperwork as reinsurers lose direct consent
Primary insurers can now obtain policyholder approval on reinsurers’ behalf.
South Korean insurers face 50% core capital mandate
Financial Services Commission sets the new quality standards to take effect starting in 2027.
South Korea cyber threat surges amidst thin insurance cover
The next two hazards listed are interruption and fire plus explosion.
HDI Global opens Seoul office, names Korea market lead
The market lead has 25 years of experience in the local insurance market.
Trade barriers limit cross-border ASEAN reinsurance flows
ASEAN retains around 68% of non-life premiums overall, but retention varies widely.
Korea Re sets up shop in India with new branch in GIFT City
It obtained authorization on 6 November 2025.
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