South Korea
KDB Life reorganises third insurance portfolio to drive profitability growth
KDB Life reorganises third insurance portfolio to drive profitability growth
The initiative includes tighter profitability checks and a pre-alert system.
Hanwha Life enters US capital markets with Velocity deal
This would be the first South Korean insurer to acquire a US securities firm.
Investors turn to South Korea’s life insurers for growth
Parental support and operational scale remain critical factors for these insurers.
DB Insurance holds steady on profits amidst market pressures: AM Best
Operating performance is projected to remain solid.
Miller launches marine insurance team in Korea with four hires
KyungSeop (KS) Shim joins from Marsh Korea as head of Specialty, Korea.
South Korea to launch heat insurance for outdoor workers in 2026
The policy targets day labourers involved in public outdoor projects.
Hyundai Marine & Fire strengthens profits with high-quality bond assets
Despite rate pressures on its auto line, HMF posted 15.8% ROE last year.
South Korea proposes shift in insurance from hours to income
The revisions would mark the first major change to the system since 1995.
South Korean insurers to see steady earnings with CSM boost
However, the sector's capitalisation is expected to face continued pressure.
Fitch expects Hanwha Life to sustain earnings strength
This was supported by a strong contractual service margin.
South Korean life insurers see sharper capital dip in Q1 2025
As of end-March 2025, the average K-ICS ratio stood at 197.9%.
Hanwha Life to maintain strong capital and stable earnings
Earnings outlook is stable, backed by $6.6b in accumulated CSM.
South Korean insurers Q1 2025 net income contracts 15.8% YoY
Both its life and general insurance sectors recorded declines.
AM Best sees South Korea's non-life growth in health and property lines
Ongoing regulatory changes are driving insurers to strengthen capital.
KP&I outlook revised as underwriting volatility concerns resurface
KP&I reported a net loss of $5.4m last fiscal year.
Kyobo Life outlook stays stable with solid capital and profitability
Moody’s expects profitability to remain stable over the next 12 to 18 months.
South Korea’s motor insurance grows 2.4% in 2025 with rate hikes
Motor insurance remains the largest segment in the general insurance industry.
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