Country: South Korea Page 1 / 14
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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.
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- November 3 2020
Korean Re’s overseas expansion goes into high gear
Expanding into global markets is not a matter of choice, but a must, says CEO Jong-Gyu Won.
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- October 28 2020
Samsung chairman’s passing could affect insurance units
Lee Kun-hee's death may particularly impact Samsung Life.
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- October 20 2020
South Korea is “important market”: bolttech’s Rob Schimek
FWD's sister firm has moved into its tenth country in APAC.
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- September 30 2020
First Korean life player given Myanmar green light
The firm is now in search of a local partner to set up a JV.
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- September 22 2020
BNP Paribas Cardif hires first Korean as country CEO
The move is a departure for the firm, which has always appointed a French exec to the top spot.
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- September 21 2020
Axa Korea sale sees rocky start as single bid comes in
One expected contender dropped out at the last minute.
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- September 16 2020
Shinhan selects advisers for potential Axa Korea bid: report
The preliminary bidding process for P&C unit will kick off on September 18.
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- September 10 2020
Market counts losses from multiple typhoons in Korea and Japan
Adjusters are surveying the damage, as a large ethane ship floods while it is being built.
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- September 10 2020
Shinhan’s capitalisation could “weaken” if it pursues M&A: S&P
Several of Korea's financial majors could be looking at buying Axa Korea.
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- September 4 2020
Typhoon Haishen to follow similar path to Typhoon Maysak
The potential super typhoon is set to hit parts of Japan and South Korea over the weekend.
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- September 2 2020
Typhoon Maysak threatens South Korea’s Busan
The market is bracing for claims over the next few days.
