Country: South Korea Page 19 / 28
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- October 5 2018
Japan hit by eighth typhoon of the year
A stream of powerful storms in Japan is placing pressure on the country's insurers.
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- September 20 2018
Korean risk-based capital ratios rise
A modest leap in profits and investment income was among the reasons for the ratio’s improvement.
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- September 18 2018
Hyundai Life changes name to Fubon Hyundai Life
The change comes after Taiwan’s Fubon Life Insurance increased its stake to 62.4%.
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- August 28 2018
Korea’s non-life firms post 17% decline in net profit
The country's auto insurance sector has been forecast to continue to suffer a growing loss in the second half.
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- August 22 2018
Korea’s life insurers post 6.7% net profit rise
Higher investment returns drove the strong result, according to the Financial Supervisory Service.
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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.
