Country: South Korea Page 22 / 25
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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.
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- April 20 2016
Korea to reform motor premiums to punish bad drivers
Insurance will be priced based on the specifics of each case to encourage reckless drivers to be more careful.
