Country: South Korea Page 22 / 26
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- August 12 2016
Korea’s life and non-life insurers suffer contrasting fates
Life firms have performed poorly because of the prolonged low-interest environment and economic slowdown.
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- August 5 2016
Mirae Asset eyes PCA Life acquisition
The deal is part of the midsize life insurer's plan to become one of Korea's top-five life insurers, outranking ING Life.
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- August 3 2016
Korean non-life profits recover in first half
The favourable performance has been credited to the easing of losses in the auto sector.
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- August 3 2016
Anbang’s plan to buy Allianz Korea still in limbo
The group hasn't applied for government approval, drawing speculation that the acquisition has stalled.
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- July 28 2016
Korea’s KDB Life struggles for buyers
There seems to be no takers so far for the insurance unit of state-owned lender Korea Development Bank.
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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.
