Korea’s life association seeks further IFRS 17 delay
April 17 2019 by InsuranceAsia News
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Korean insurers may face bigger corporate tax bill this year due to IFRS: report
- May 15
The implementation of IFRS 17 means that the amount of cash surrender reserves recognised as expenses has surged by trillions of won per annum, according to a local report.
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Exit-bound Lotte Insurance owner shopping for overseas private equity buyers: report
- April 18
South Korea’s JKL Partners is reportedly in talks with JC Flowers to sell the Korean non-life carrier in a sale process run by JPMorgan.ts valuation.
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Taiwanese regulator set to finalise rules to ease insurers offshore bond issuance: report
- March 4
The amendments seek to allow Taiwanese carriers to issue regulatory bonds via SPVs, which will reduce related tax costs and help them cope with IFRS 17 implications.
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Korea’s Lotte Insurance records highest full year profit since inception
- February 15
The non-life insurer's provisional full-year operating profit tripled from a year ago to US$350.5m, thanks in part to its strong growth in long-term business.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
