Non-life market in Korea grows 1.1%
July 2 2018 by InsuranceAsia News
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South Korea mandates liability cover under new data, crypto regulations: Korean Re
- April 25
The market, which was hit by US$555m in summer rainfall losses last year, is set to benefit from compulsory insurance norms and the local players will also see easing of overseas expansion regulations, a report by the reinsurer says.
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Asia warming faster than global average, hit by 79 weather-related disasters in 2023: WMO
- April 23
Floods and storms are causing the highest number of reported casualties and economic losses, whilst the impact of heatwaves became more severe, according to a report from the UN climate agency.
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Korean insurers remain resilient to overseas commercial real estate deterioration: Fitch
- April 23
A steady increase in the release of contractual service margins, driven by sound underwriting performance, will continue to support Korean insurers’ profitability despite volatility in their investment returns, Fitch said.
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Exit-bound Lotte Insurance owner shopping for overseas private equity buyers: report
- April 18
South Korea’s JKL Partners is reportedly in talks with JC Flowers to sell the Korean non-life carrier in a sale process run by JPMorgan.ts valuation.
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FM Global | Resilience: No longer a choice
As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.
