The funding, led by Hong Kong-based Yunfeng Financial Group Limited, will support the development and rollout of life insurance products denominated in digital currencies.
The Korea Insurance Research Institute warns that financial market uncertainty and persistently low interest rates will continue to pressure the industry's bottom line.
Reinsurer said it will focus on working with existing clients and regulators to redesign products "that respond to changing societal needs and give consumers more certainty."
Prudential says "Cha-Ching" initiative has now reached over 3.5 million children and trained more than 90,000 teachers across Asia and Africa since its launch.
The reinsurer is also expecting insurers to focus on the “decumulation phase,” offering products like annuities and long-term care to address longevity risk.
