The insurer registered a 102.5% combined ratio in 2025, though AM Best expects growth in Korea Interests Abroad and affiliate business to support future results.
Under the draft SHANTI rules, operators must hold an insurance policy, financial security or both, though those running Central Government-owned installations are exempt.
BNPB data to midnight on Sunday also records 101 people injured, more than 5,000 displaced, and damage to 93 education facilities, 36 health facilities and 38 government offices.
The former SBI General chief technical officer joins the newly licensed Indian insurer with more than 35 years across underwriting, claims, reinsurance and product development.
