Country: South Korea Page 17 / 26
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- August 20 2018
Korea’s financial regulator takes action against Samsung Life
The move follows a refusal to accept minimum returns guarantees for immediate payment annuities.
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- August 14 2018
Korea non-life insurers shoring up solvency capital
Companies face progressive tightening in risk-based capital measures and upward movement in interest rates.
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- August 13 2018
Competition, low premiums pull down Korean auto insurance
The country's motor market saw a 1.2% contraction during the first half of the year.
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- July 23 2018
Samsung Life selling properties to rebalance assets
The move by the country's biggest life insurer comes as it responds to the planned introduction of IFRS 17.
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- July 2 2018
Non-life market in Korea grows 1.1%
The modest growth was fuelled by an increase in the sales of savings and pension insurance products.
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- June 26 2018
Korean insurers record declining capital adequacy ratios
Industry officials have attributed the drop to a fall in the value of companies' assets.
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- June 25 2018
MBK puts ING Life Korea stake on sale again
After several failed attempts, the Korean private equity fund continue to look for a buyer for its 59.15% stake.
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- June 22 2018
Korean insurers most highly exposed to rate hikes
The central bank has warned of a corresponding drop in the solvency ratio of many insurers.
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- June 15 2018
Korea targets reinsurance liberalisation
The move is part of an effort to promote price competition in the non-life sector by the financial regulator.
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- June 7 2018
MBK Partners stalls proposed sale of ING Life stake
KB Financial Group has pulled out of talks for an acquisition that could have cost as much as US$2.3bn.
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- June 5 2018
Axa, Zikto to develop blockchain-based insurance products
The agreement will integrate the Insureum Protocol across the entire spectrum of insurance processes.
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- June 5 2018
Korea to welcome more reinsurers
The financial regulator has announced landmark plans to ease entry barriers and compete with Korea Re.
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- May 29 2018
Korean non-life insurers see fall in profits
The loss was partly attributed to accidents arising from cold weather conditions, government data shows.
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- May 24 2018
Korean life insurers see net profits fall
Dwindling sales of savings-type products and weaker investment returns are reducing income.
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- May 17 2018
Allianz Global Corporate & Specialty targets Korea growth
The new branch earned €40 million in total premiums in 2017, roughly 10% of its overall Asia business.
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- May 16 2018
Fubon Life’s plan to raise stake in Korea unit still holds
It is determined to carry on with its proposal to raise its share in Hyundai Life Insurance to 62%.
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- May 11 2018
Two Anbang-held Korean insurers maybe up for sale
The two companies, Tongyang Life and ABL Life, could be sold in a package deal or separately.
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- May 4 2018
Korea sets up committee for insurance, banking licences
The FSC is also considering lowering capital requirements for financial businesses.
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- May 3 2018
Korean insurers overseas losses decrease
Overseas branches reported a combined net loss of US$23.2m in 2017, compared with $70.3m in 2016.
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- April 23 2018
Korean insurers face weakening financial health
A rise in interest rates and dividend payouts took its toll on available capital in the fourth quarter of last year.
