Korean companies urged to target foreigners
May 20 2019 by InsuranceAsia News Staff-
1.4: South Korean cedents to see single-digit rating increases
- March 28
While the market has yet to fully recover from the past years’ big industrial and cat losses, reinsurers are comfortable with where the rates, terms and conditions are now.
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Korea unveils US$190m trade insurance fund to promote exports
- March 26
The fund will “drastically improve the terms regarding recipient eligibility" and benefit a wide range of sectors ranging from shipbuilding, petrochem to K-pop.
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Exclusive: Hyundai Insurance and Korea P&I Club on hook after Keoyoung Sun tanker sinks off Japan coast
- March 22
A total hull loss is expected for the vessel insured at U$S2.25 million and there is no estimate for the cargo loss yet, industry sources say.
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Overseas premium of Korea’s four major non-life insurers surpasses trillion-won milestone in 2023: report
- March 11
The country’s big four have doubled their international business in the last five years led by DB Insurance, which accounts for 50% of the overseas premium.