Country: South Korea Page 1 / 15
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- April 9 2021
Bank of Korea weighs in on cat bond reform
Central bank officials warn climate change requires a new approach after last year's record rainy season.
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- April 5 2021
India sees ‘moderate’ 1.4 property hikes
Willis Re report notes “lower catastrophe activity” despite some hard-hitting cyclones last year.
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- April 1 2021
Environmental liability insurance creating opportunities: Fitch
ESG considerations for Asian (re)insurers are creating an underwriting priority reset.
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- March 30 2021
South Korea’s Kyobo Life appoints three co-CEOs
Pyun Jung-beom to lead digital transformation alongside Shin Chang-jae and Yoon Yeol-hyun.
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- March 26 2021
South Korea insurers’ profit spike to face 2021 headwinds
Regulator reveals 14% increase for 2020 but expert predicts claims jump as Covid-19 restrictions are relaxed.
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- March 16 2021
AIG Korea appoints Ramzi Toubassy as new CEO
The Malaysia-based AmMetLife head is set to replace the retiring Douglas Min on April 1.
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- March 10 2021
Korea’s Shinhan raising funds for potential P&C buy: report
The country's general insurance market has also drawn interest from leading digital platforms like Kakao and Naver.
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- February 10 2021
FSC to smooth Korea’s digital giants insurance ambitions: report
Internet players including Kakao and Naver primed to take advantage of regulatory changes.
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- February 4 2021
South Korea’s digital sandbox a ‘breakthrough’
Move creates opening for insurtechs as the regulator pushes financial services innovation.
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- January 19 2021
Cyber tops Asia Pacific 2021 business risk list: Allianz
Covid-19 and business interruption were the other top concerns across the region.
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- January 18 2021
Asia coal premiums to harden amid reduced appetite
Power plants with medium-to-large losses could face rises of 100-200%.
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- January 6 2021
Asia’s offshore wind rush creates reinsurance challenge
A lack of historical loss data creates hurdles for underwriters.
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- January 5 2021
South Korea’s Kakao seeks approval for digital P&C unit
Motor insurance to be initial focus ahead of H2 2021 launch.
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- January 4 2021
KDB Life hardpressed to match Korean Re: report
Local PE firm JC Partners completes deal as Carlyle Group inks partnership with Korean Re.
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- December 29 2020
RCEP to comprise 25% of global premiums
Asian trade deal will come into force in 2021 and boost premiums by US$9.6bn by 2030.
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- December 1 2020
South Korea eyes Insurance Business Act revisions in H1 2021
Financial regulator creates taskforce to facilitate implementation of IFRS 17.
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- November 30 2020
Samsung Fire & Marine signs joint venture with China’s Tencent
Deal with South Korean digital giant Kakao failed over access to motor insurance business.
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- November 18 2020
Korea’s insurers struggling to meet profit expectations: KIRI
The sector's returns are at a 10-year low in a saturated market.
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- November 13 2020
Samsung insurers advance Korea ESG momentum
The life and P&C units have issued a "coal-free declaration."
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- November 11 2020
Kyobo Life reviving long-delayed IPO: report
South Korea’s financial institutions are pivoting towards fundraising on the stock market.
