Price negotiations remain a key hurdle as South Korea's largest financial groups line up for the sale of the mid-sized insurer, with Shinhan seen as the frontrunner.
The country's three major non-life groups remain well capitalised after FYE26 earnings were supported by divestment proceeds and better pricing in domestic motor and property lines.
Insurance Commissioner Regalado said insurers need to adjust underwriting, pricing, reserving and capital management to better reflect future climate-related risks.
