Surrender payouts and reserve requirements are climbing at both life and non-life insurers, raising questions over whether households are trading long-term protection for short-term liquidity.
Draft amendments would allow qualifying institutional investors to increase their shareholding in the same bank without seeking repeated regulatory approvals.
The regulator said it had imposed conditions on the licence renewals of two broker companies in early June after identifying weaknesses in their controls.
Separating facility ownership from operations and linking insurance products with care services could help insurers develop Korea's mid-priced long-term care market, KIRI said.
