South Korea
South Korean insurers adapt to new regulations
Regulatory changes prompt tax benefits to rise and the government to support overseas expansion.
12 hours ago
South Korean insurers adapt to new regulations
Regulatory changes prompt tax benefits to rise and the government to support overseas expansion.
12 hours ago
KDB Life grapples with high leverage, Fitch reports
The insurer’s CSM increased in 2023, reflecting a focus on profitable policies.
1 day ago
S. Korean insurers see income surge 46% YoY in FY’23
Total premium income was down 6.0% year-on-year.
1 day ago
FSC announces enhanced MyData 2.0 in financial services
Amongst the improvements to be implemented is expanding MyData’s access to the digitally vulnerable.
Samsung Fire & Marine halts bancassurance after 20 years: Report
The FSC reports a 15% decline in bancassurance income for Korean non-life insurers.
South Korea eyes more investments in trade insurance
South Korea's exports have shown strong performance since the beginning of 2024.
DB Insurance to keep competitive spot in Korea’s market – S&P Global
DBI's assessment could be dragged if its consolidated capital position deteriorates significantly.
Hanwha Life Insurance’s capital adequacy is expected to surge under K-IFRS 17
S&P Global Ratings anticipate sustained capital bolstering over two years due to HLI's strategic risk management.
Korean Re faces downgrade risk amid shifting market dynamics
S&P hints at better assessments if Korean Re sustains strong performance and market leadership.
South Korea joins multilateral agreement for strengthened financial regulation
The committee consists of capital market supervisors and regulators from 22 countries in the region.
Korean Re Switzerland elevates CUO to CEO
Michael Hinz will begin his role on 1 July, whilst current CEO Markus Eugster will step down at his request.
Long-term insurance drives Samsung Fire & Marine’s 2023 profit growth
Revenues climbed 6.9% for the year.
IFRS 17, K-ICS weakens average solvency ratio
The adoption of K-ICS drove operational strategies of Korean insurers to focus on expanding sales of protection-type products with high profitability.Â
S. Korea’s FSC proposes corporate governance revision for financial firms
The revisions include the adoption of responsibilities maps and management of internal control duties by executive officers.
Motor insurance segment in S. Korea to exceed $19b by 2028: GlobalData
Healthy loss ratio driven by lower claims will assist insurers in re-assessing their risk exposure.
Seoul Guarantee Insurance IPO could resurface: Report
After a failed attempt last year from weak demand, it hopes to recover part of its public funds injected during the 1998 forex crisis.
NorthStandard expands S. Korea presence, boosts regional network
It also plans to recruit local experts familiar with the Korean shipping market.
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1. Financial firms lead LinkedIn’s top companies in Singapore 2. HKIA, ICAC target suspected unlicensed insurance sales to mainland China 3. InterContinental Singapore is saving insurance for a rainy day 4. 25% of employers to enhance insurance coverage in the next two years 5. Insurers struggle to balance customer acquisition and retention: studyResource Center
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09
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1. Financial firms lead LinkedIn’s top companies in Singapore 2. HKIA, ICAC target suspected unlicensed insurance sales to mainland China 3. InterContinental Singapore is saving insurance for a rainy day 4. 25% of employers to enhance insurance coverage in the next two years 5. Insurers struggle to balance customer acquisition and retention: studyAwards
Jul
09
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