The group’s solvency ratio fell to 213% in H1 2026 from 271% at the end of 2024, though a 7bn yuan (US$1.05bn) state injection is expected to buoy its position.
He previously spent five years at Willis Re and later led Peak Re’s global life and health business before running his own advisory firm, Eigengrey Consulting.
The launch is expected to support Sompo's efforts to expand access to syariah-based protection as Indonesia's insurance sector moves towards higher minimum capital requirements.
Steady flows of higher-margin protection business feed the largest in-force contractual service margin among Korean life insurers, underpinning stable insurance profit.
Malaysia’s RHB says talks on selling its insurance arm have made “meaningful progress”, but the parties still need to finalise the transaction terms and documents.
