Country: South Korea Page 19 / 26
-
- August 31 2017
Korea’s health insurance outlays hit US$30bn
Spending on medical examinations, hospitalisations and drug purchases in the first half of the year rose 9.2%.
-
- August 16 2017
Korean insurers post 28.3% profit rise
Results for the first half of this year reflect robust dividend income growth and a drop in the loss ratio, said the FSS.
-
- August 14 2017
Samsung Life posts 26% profit growth
The insurer added that its value of new business was W598.3 billion, up 6.5% over the same period.
-
- August 7 2017
Korean non-life insurers pressure to cut premiums
The big non-life firms raked in higher profits, but this has led to pressure on pricing.
-
- July 14 2017
Korea sees rise in sales of variable insurance policies
Premiums have nearly doubled to US$477m on the back of robust gains in the local stock market.
-
- July 13 2017
Korean insurers forecast to exceed 2016 performance
Higher interest rates and improved auto insurance business are expected to propel the industry.
-
- June 30 2017
AGCS to open Seoul branch
The Allianz unit is the first foreign non-life insurer in almost a decade to open in Korea.
-
- June 29 2017
Korean firms must raise capital reserves by year end
Capital reserves will be gradually raised starting this year-end, the financial regulator recently announced.
-
- June 27 2017
Korean firms raising capital ahead of IFRS 17
Some insurers are planning to issue hybrid capital securities in the US dollar bond market.
-
- June 23 2017
Korea wants insurers to cut medical indemnity premiums
The move is part of the government's efforts to help alleviate the cost burden on subscribers.
-
- June 14 2017
Offline life firms dominate Korea’s online market
Savings-type policies offered by traditional insurers are a hit with internet users in the country.
-
- June 2 2017
Allianz Life names new Korea CEO
Sun Lei replaces current chief executive Joos Louwerier, who has been leading the Korean unit since February 2016.
-
- May 31 2017
Korea relaxes rules as IFRS implementation nears
The FSS aims to help insurers alleviate potential fallouts from changes in global accounting rules.
-
- May 29 2017
Anbang to invest US$2.67bn more in two Korean insurers
The Korean insurer is considering additional investments in Tongyang and Allianz ahead of tightened regulations.
-
- May 24 2017
Korean insurers’ profit climbs on dividend income
The country's insurers' posted a 24.4% on-year combined net profit rise in the first three months of the year.
-
- May 19 2017
Korea urges firms to calculate contract liabilities from 2021
The Financial Services Commission said the new rule would encourage insurers to better cope with the IFRS 17.
-
- May 9 2017
Samsung Fire & Marine buys 20% of Vietnamese insurer
The Korean insurer will buy the stake in PJICO from Vietnam’s largest petrol dealer for US$23.4m.
-
- May 8 2017
Korea approves Mirae’s acquisition of PCA Life
After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.
-
- April 26 2017
Korean life insurers face IFRS 17 challenge
However, its implementation will promote structural improvement and value creation over time.
-
- April 25 2017
Korea’s ING Life raises US$974m
The country’s fifth-largest life insurer priced its IPO near the lower end of its indicative range.
