Country: South Korea Page 25 / 26
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- October 22 2015
Korean Reinsurance gets ratings affirmation
The move reflects the insurer’s adequate risk-adjusted capitalisation and operating performance.
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- October 20 2015
Korean insurers free to set their own premiums
Financial regulator FSC is promoting greater price competition in the local insurance market.
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- October 2 2015
Imported luxury cars pose liability risk in Korea
A consumer group has called for a cap on insurance payments on expensive imported cars.
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- September 30 2015
Korea amends insurance rule for foreign workers
Foreign workers must now wait three months before they can apply for health insurance.
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- September 28 2015
KB Financial launches first one-stop financial shop
Banking, securities, life insurance and non-life insurance all offered under one roof.
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- September 24 2015
Korean insurers’ RBC ratios hit two-year low
Risk-based capital ratios of 56 insurers dipped to an average of 278.2% in the second quarter.
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- September 14 2015
Samsung mulls expanding in Vietnam’s insurance sector
Samsung has expressed intention to expand its footprint in the country's life insurance sector.
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- September 11 2015
Samsung Life seeks to enter Philippine insurance market
The Korean insurer is reportedly in talks with PNB, alongside several other foreign life insurers.
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- September 4 2015
Asia is home to the world’s riskiest cities
The region's cities face diverse threats, ranging from storms and earthquakes to market crashes and pandemics.
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- August 18 2015
South Korean insurers post 30% profit rise
Rise in investment-related earnings is driving net income for local life and non-life insurance companies in Korea.
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- August 17 2015
Hyundai assessing damage caused by Chinese explosion
South Korea's top carmaker said 4,000 of its vehicles were damaged in the explosion that rocked Tianjin.
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- July 9 2015
Shares of Korean insurers trading below IPO prices
Lower share prices reflect concerns about negative margins in the life insurance business, according to analysts.
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- July 3 2015
Allianz Life Korea to focus on wealthy seniors
Munich-based global insurer aiming to become the No. 1 global insurer locally.
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- June 25 2015
Fubon Financial acquires Hyundai Life Insurance stake for US$199m
Taiwanese financial services firm to acquire stake via its insurance unit, Fubon Life Insurance.
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- June 17 2015
South Korea offers MERS insurance for visitors
Free coverage aimed at relieving concerns over the MERS outbreak in Korea.
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- June 12 2015
Anbang Insurance’s US$1bn acquisition of Tong Yang Life approved
Approval issued despite concerns over reciprocity.
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- June 3 2015
Samsung Life Insurance eyes acquisition in the Philippines
Growing economy, low insurance penetration rate, and large population seen as factors.
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- May 25 2015
South Korea’s Mirae Asset Life eyes US$460m in IPO
Mirae will sell 5.4 million existing shares and issue 40 million new shares for the IPO.
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- May 19 2015
South Korea to launch online insurance supermarket
Website will initially focus on car insurance, health cost coverage insurance and savings insurance.
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- May 13 2015
S Korea’s Dongbu Insurance enters market in Myanmar
South Korean insurer to offer non-life insurance services with the opening of office in Yangon.
