Restructuring to hurt Korean insurers in short term
June 22 2016 by InsuranceAsia News-
Regulators approve Samsung Fire & Marine’s transition to subsidiary of Samsung Life
- March 20
Non-life carrier will maintain independent management and have a separate board of directors.
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Korean regulator to promote parametrics, support carriers’ overseas expansion to tackle emerging risks
- March 17
FSC announces 11 proposals to address five major challenges – climate, overseas expansion, technology, population, and debt management.
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Seoul Guarantee shares rally 23% on Kospi debut
- March 17
Insurer also confirms a 2024 year-end dividend of US$138m for investors holding shares through April.
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Korean regulator to relax insurers’ capital adequacy requirement to 130-140%: report
- March 13
The move will help lower financial burden for insurers, apart from raising their capital base.
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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’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
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Allianz Life | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
