KIRI says a widening gap between driver expectations, insurer assessments, and review outcomes is driving higher dispute rates in Korea’s motor insurance market.
Industry underwriting profits jumped 34% year-on-year as property lines recovered from catastrophe losses, while cyber led premium growth and motor remained profitable.
(Re)in Summary
• NOAA has declared El Niño has developed in the tropical Pacific, issuing an El Niño Advisory on 11 June.• Forecast models give a 63% chance of a ‘very strong’ event...
IRClass, a non-profit organisation, has tightened international sanctions enforcement removing hundreds of vessels tied to Russian and Iranian trade flows.
The association is prioritising distribution oversight, strengthening corporate risk management, and advancing digital and regulatory reforms amid mounting catastrophe risks.
