Country: South Korea Page 20 / 24
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- July 25 2016
Korean insurers log record outbound investment
Low yields at home have driven increased overseas investment in a bid to generate higher returns.
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- July 22 2016
Korean policyholders spend US$3,000 on average on cover
Korea’s premium per person is 18th highest in the world according to Swiss Re.
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- July 13 2016
ING Life sale expected to drag on
JD Capital and PICC have emerged as the most aggressive preliminary bidders in the sale of the Korean insurer.
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- July 5 2016
Korean insurers’ assets to hit W1,000tn in H2
Growing demand for post-retirement products will boost assets under management sometime in the second half of 2016.
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- June 29 2016
Korea set to ease insurance regulations
To help insurers boost their financial standing, the government will lift limitations on investments.
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- June 24 2016
Korea’s insurance, pension assets hit new record in 2015
Savings have soared as more people increase their assets to prepare for retirement amid low interest rates.
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- June 22 2016
Restructuring to hurt Korean insurers in short term
Corporate restructuring initiated by the government may further hurt the capital soundness of domestic insurers.
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- June 15 2016
Korean Re hits new record-high profit
Banking on swelling demand, Korea’s sole reinsurer is confident of continued strong growth.
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- June 14 2016
Korean insurers sell property to meet new accounting rule
Changes in international accounting standards will require additional reserves once the new rules take effect.
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- June 10 2016
Korea Development Bank life unit up for sale again
After two failed attempts to sell a majority stake in KDB Life Insurance in 2014, state-run KDB is trying again.
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- May 30 2016
Korea orders insurers to apply stricter lending rules
The move is part of the government's efforts to keep the country's household debt in check.
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- May 27 2016
Korean insurers post 6.3% profit gains in Q1
However, the companies suffered declines in profitability due to the unfavourable business environment.
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- May 26 2016
Sale of ING Life generates lower-than-expected interest
Korean private equity firm MBK Partners has extended the sales offer deadline to allow more potential bids.
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- May 20 2016
Korea seeks to revamp health insurance policies
The overhaul is part of an attempt to reduce the number of insurance fraud cases in the country.
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- May 19 2016
Korean life companies’ investment returns forecast to fall
High interest-rate policies and the introduction of new accounting rules are affecting profitability in asset management units.
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- April 28 2016
Ping An expected to join US$3bn ING Life Korea bid
Korea’s fifth-largest insurance firm is expected to fetch more than US$3bn in a highly contested bidding process.
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- April 27 2016
Samsung Life signs infrastructure co-investment deal
The Samsung group aims to invest US$500 million over five years into loans originated globally by Natixis.
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- April 26 2016
Korea to ease curbs on insurance firms’ investments
The Financial Services Commission is to allow insurers in the country to increase their foreign investments.
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- April 25 2016
Korean online sales growing rapidly
Sales have more than quadrupled since 2012, according to the Korea Life Insurance Association.
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- April 22 2016
Korean woes
The depths of Korea's problems came into sharp relief when Allianz sold its life unit for less than a Gangnam apartment.
