Country: South Korea Page 11 / 26
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- August 23 2021
South Korea’s P&C insurers increase profits 88%
But established firms face competition from tech-savvy startups as new regulations ease barriers to entry.
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- August 18 2021
Korean insurers face competition from fintech powerhouses: Moody’s
The digital "arms race" will Big Tech will be a credit burden for some incumbent insurers.
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- July 28 2021
Asia pricing saw 6% growth in Q2: Marsh
The increase was driven by property, financial and professional lines.
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- July 26 2021
Korea’s FSC gives three insurers more room to play in regulatory sandbox
Toss, DB and NongHyup Life Insurance to enjoy greater flexibility for online sales and marketing.
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- July 21 2021
Swiss Re’s Anna Lee handed HK, Taiwan P&C client markets role
Lee starts in September and continues as head of new business development, P&C reinsurance SID.
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- July 15 2021
China to drive Asia premium growth in 2021, 2022: Swiss Re
Consumers in the region are increasingly comfortable using digital channels.
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- July 12 2021
DB Insurance improves underwriting as motor losses decrease
South Korean P&C player saw premium hikes and fewer accidents during Covid lockdown.
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- June 28 2021
South Korea’s Coupang eyes US$300m claim over logistics centre fire
Korean Re, DB, KB, Lotte and Heungkuk F&M are the insurers involved.
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- June 16 2021
Kakao Pay handed digital insurance licence by FSC
The South Korea digital giant is eyeing a H1 2022 launch subject to final regulatory approval.
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- June 16 2021
Hyundai Marine & Fire underwriting improves on lower motor losses
Reduced auto claims due to a Covid-19 lockdown helped to boost performance.
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- May 13 2021
Samsung Fire & Marine sees Q1 profit jump 163%
Korea's largest P&C player saw investment income climb over 40% but didn't make an underwriting profit.
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- May 7 2021
Munich Re hires Asia property treaty underwriting lead
Joachim Zagrosek has joined from Swiss Re as the reinsurer unveils positive Q1 2021 results.
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- May 3 2021
South Korea’s insurers feel the Covid pinch overseas
Non-life operations in China, Indonesia and Vietnam the main international focus of local players.
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- April 26 2021
South Korea 1.4 renewals excluded contagious diseases, silent cyber
Guy Carpenter said capacity was more than sufficient with some players chasing cedants.
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- April 22 2021
Chinese insurtech Leapstack targets Korea and Japan
Artificial intelligence medical payments firm eyes Asia expansion.
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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.
