South Korea
South Korea regulators to upgrade insurance benefits system
South Korea regulators to upgrade insurance benefits system
There is still about $11b (KRW12.6t) in unclaimed insurance funds.
Better credit quality ahead for South Korean insurers in 2021
Life insurers saw better profits in 2020, whilst non-lifers saw improved loss ratio.
South Korea's Kakao clinches initial nod for digital non-life licence
The company will be granted full approval within six months once prerequisites are met.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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Howden Re flags Asia, Europe as top loss drivers
28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.