The regulator is reshaping the insurance market through a five-year plan that extends regulatory reach to entire corporate groups, tightens capital standards, and pushes insurers to close the country's...
The Insurance Authority has urged insurers and brokers to strengthen self-reporting and oversight after inspections found recurring governance and due diligence gaps.
Profitability is expected to edge higher over the next two years, as Hanwha Life targets a recovery in underwriting margins and leans on steadier earnings from overseas and non-insurance units.
