Country: South Korea Page 11 / 24
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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.
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- September 2 2020
Korean internet giant sees digital P&C launch delayed: report
Kakao wants to secure an insurtech foothold amid a buzz of activity.
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- August 27 2020
Prudential Life Korea hires CEO from rival after US$1.9bn deal
The newly-acquired carrier, by KB Financial, appoints DGB Life's leader.
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- August 27 2020
Korea’s market bracing for damage from Typhoon Bavi
Some significant property claims are expected from the storm.
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- August 26 2020
Motor claims drop in Japan and Korea amid lacklustre growth
There are mixed fortunes for P&C players operating in the two countries.
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- August 25 2020
Korean co-insurance to boost capital strength: Fitch
The FSC has developed new regulations to help manage liabilities.
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- August 21 2020
Axa eyes South Korea P&C sell off: report
Any potential sale could raise between US$135m and US$203m.
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- August 14 2020
South Korea’s P&C players hit by US$40m rain losses
The longest monsoon in the country since 2013 has flooded thousands of vehicles and homes.
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- August 12 2020
Prudential Financial agrees Taiwan life sale
The move comes after the US player exited South Korea in April for US$1.9bn.
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- August 12 2020
Korean majors in property sell-off ahead of new regulations
Insurers are shoring up capital to prepare for K-ICS and economic uncertainties from the pandemic.
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- August 5 2020
Korean Re and Carlyle to provide co-reinsurance: report
It's estimated such contracts in South Korea could be worth tens of billions of dollars in value.
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- July 16 2020
Korean insurers under heightened FSS scrutiny
Both non-life and life players have been targeted by the financial regulators.
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- June 16 2020
South Korea to shake-up reinsurance regulation: report
The move could spark more competition.
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- June 11 2020
Reaction to Asia’s June agriculture renewals
Senior experts from Canopius, Lockton and Willis Re give their verdicts.
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- June 8 2020
South Korea eyes stricter supervision for financial conglomerates
There has been a regulatory loophole for years.
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- June 1 2020
Kakao and Samsung Fire & Marine end digital venture
A disagreement about selling motor insurance is understood to be the key reason.
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- May 27 2020
Anna Lee promoted at Swiss Re
Head of business services Asia to take on a P&C regional role.
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- May 25 2020
EAIC’s 2020 conference in Seoul delayed by two years
The organising committee has taken the difficult decision to postpone as a result of Covid-19.
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- May 22 2020
Hana Financial to launch digital P&C division
The new operation will be operated via Hana Financial's most recent acquisition.
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- May 20 2020
South Korea’s P&C sector set for 2020 decline: report
Aviation, marine, motor and transit lines are all expected to be under pressure.
