Reinsurer forecasts near-normal typhoon activity in region and above-average hurricane activity in the Atlantic, but warns of greater than usual differences among researchers’ predictions for 2025.
Association is calling for urgent resilience investments and structural reforms to prevent home insurance markets collapsing under the weight of climate-driven losses.
The reinsurer posted a high Korea Insurance Capital Standards (K-ICS) ratio at 191.7% in 2024, indicating sufficient capacity to handle unexpected losses.
