South Korea’s digital sandbox a ‘breakthrough’
February 4 2021 by Yvonne Lau
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MG Non-Life’s bridge insurer starts operations
- September 4
South Korean regulator transfers all insurance contracts and assets to Yebyeol Non-Life Insurance and all MG Non-Life Insurance operations have been suspended.
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Aon hires Bonjay Koo as enterprise client leader, Asia Pacific for South Korea
- September 1
Koo, who joins from Deloitte, will report to Craig Torgius, chief client officer and head of enterprise clients for Asia Pacific, and work closely with Korea CEO Kevin Kim.
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South Korea’s non-life insurers’ H1 FY25 net income tumbles 19%
- August 27
Drop driven by erosions in insurance income, underscoring pressure from rising claims costs across major lines.
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Korea’s Lotte Insurance in regulatory crosshairs: reports
- August 25
Regulator highlights the PE-backed insurer’s failure to manage liquidity risks, declining K-ICS ratio, poor management performance evaluations and investment performance.
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Peak Re | From climate modelling to market opportunity: forging a new clarity on Southeast Asia’s climate risk
With the insurance industry facing an inflection point, the new imperative is seen as becoming active creators of risk intelligence.
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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.
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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
