South Korea
South Korea regulator widens responsibilities maps from insurers to savings banks
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.
Samsung Life Insurance names Lee Seung-Ho as its new company president
He previously led the digital division at Samsung Securities.
Nonghyup P&C maintains capital well above regulatory minimums despite pressure
AM Best said it expects it to keep its capital levels well above regulatory minimums.
South Korea to subsidise malpractice insurance for high-risk doctors
The government will fund between 50% and 75% of liability insurance premiums.
South Korea allows life policyholders to tap death benefits for retirement
The option will be available only to policyholders aged 55 and above.
DB Insurance’s Fortegra deal won’t affect balance sheet
The acquisition is expected to deliver profit contributions worth over 20% of overseas premiums.
South Korea’s life insurance market to hit $174.4b in 2030
Rising demand for health, pension, and protection products is driving growth in 2025.
South Korea’s DB Insurance to acquire The Fortegra Group
DB seeks to expand in the US and European specialty insurance markets.
Korea’s insurers benefit from regulatory changes easing investment rules
Insurers are likely to focus on asset-liability management.
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