Korean insurers free to set their own premiums
October 20 2015 by InsuranceAsia News-
Industry review, new corporate info drive Fitch upgrade for Construction Guarantee
- October 20
While the rating agency expects CG’s capital strength to remain stable, COR rose to 126% in 2024 from 68% in 2022, driven by higher guarantee claims and additional reserves amid economic strain, high interest rates and rising construction costs.
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Lawmakers to question major Korean carriers over high disaster insurance premiums, margins: report
- October 14
The National Assembly has summoned chief executives of Samsung Fire & Marine, DB Insurance, Hyundai Marine & Fire, KB Insurance, Hanwha General Insurance, Meritz Fire & Marine and NH NongHyup Property & Casualty Insurance.
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Regulatory pressure weighs on Korean digital insurers: report
- October 2
The industry is calling for regulations tailored to startup carriers, including easing the application of K-ICS.
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DB Insurance clinches US$1.65bn deal for US specialty carrier Fortegra
- September 26
The Korean insurer will acquire a 100% of the Warburg Pincus-backed Tiptree subsidiary.
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Sedgwick | Preparing for the next storm : How the industry is leveraging these times to strengthen readiness and innovation
Asia is no stranger to weather-related events and natural disasters. Earthquake and typhoon activity have impacted several countries across the region this year, the highest profile of which being the events in Myanmar in March, which also caused significant damage in Bangkok. Hong Kong’s new flood prevention infrastructure helped limit the impact of recent typhoons, […]
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Peak Re | From climate modelling to market opportunity: Forging a new clarity on Southeast Asia’s climate risk
Southeast Asia's protection gap: a crisis of clarity, not just capital
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BHSI WICare+ | Accelerating Payments, Empowering Recovery
Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
