DB Insurance underwriting profit drops 22.7% to US$1.1bn
February 23 2024 by Kristina Shperlik
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South Korea’s non-life insurers’ H1 FY25 net income tumbles 19%
- August 27
Drop driven by erosions in insurance income, underscoring pressure from rising claims costs across major lines.
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Korea’s Lotte Insurance in regulatory crosshairs: reports
- August 25
Regulator highlights the PE-backed insurer’s failure to manage liquidity risks, declining K-ICS ratio, poor management performance evaluations and investment performance.
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MG Non-Life’s bridge insurer set for launch as labour union agrees to 55% employee retention: report
- August 21
Yebyeol Non-life, the temporary insurer set up to manage the troubled carrier's insurance contracts, is likely to be launched next month following an agreement with the labour union.
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DB Insurance profits hit by rising nat cat claims, rate cuts
- August 15
South Korean insurer's underwriting profit fell sharply in the first half as losses mounted from natural disasters.
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