South Korea
Korea lowers insurance costs as factories go smart
Korea lowers insurance costs as factories go smart
Group purchasing already places rates 20% to 28% below standard market pricing.
Fortegra deal tests DB Insurance's capital strength
Hybrid securities supported the year-end 2025 BCAR assessment.
South Korea's insurance market could hit $290b by 2036
Industry premiums were equal to 9.8% of gross domestic product in 2025.
South Korean insurers gain capital as equity risk rises
Required capital also increased by $6.7b as the stock market rally expanded equity exposure.
South Korean firms seek insurance amidst workplace injury risks
Aon said 64.3% of organisations have plans for work-related injuries.
New capital rules pressure South Korean insurers
Standardised actuarial assumptions may affect firms differently based on underwriting practices.
South Korea shields doctors from $1.2m claims
The government will pay the full $1,138 annual premium per specialist.
South Korea eases AI rules as oversight tightens
Regulators will accelerate network separation reforms for financial AI systems.
Hyundai Marine suffers insurance profit squeeze
AM Best says medical indemnity exposure left the insurer sensitive to claims trends.
South Korean insurers face new capital rule pressure
Fitch said overall buffers remain sufficient to absorb the changes.
Korea P&I faces volatility risk from large claims over near term
AM Best said the club’s small capital base leaves earnings exposed.
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.
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