Korea’s new standards regime and IFRS 17 to squeeze insurers’ capital buffers: Fitch
August 23 2022 by Mithun Varkey
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Everest Insurance launches Korea desk, led by Brian Jee
- June 25
Singapore-based Jee joined Everest two years ago from Chubb as a senior underwriter.
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Korean insurers to face capitalisation pressure due to falling interest rates, tighter norms: Fitch Ratings
- June 24
Ongoing volatility in investment returns amid financial market uncertainty could challenge the overall stability of insurers’ profitability, according to the global rating agency.
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South Korean insurers’ K-ICS ratio falls below 200% for the first time, standing at 197.9%
- June 18
The ratio for non-life insurers decreased by 3.4 percentage points to 207.6% at the end of March compared to 3 months earlier, while that of life insurance companies fell 12.7 percentage points to 190.7%.
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South Korea slashes recommended CAR for insurers to 130%: report
- June 11
Financial Services Commission will remove requirements related to net loss and insurance operating loss from the conditions for reversing emergency risk reserves.
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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The carrier proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
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Sedgwick | Asia’s Energy Transformation – Balancing Growth, Risk and Renewables
Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
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Beazley | Turbulent Waters: the maritime energy transition challenge
Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
