Korean insurers face heightened regulatory scrutiny on FX exposure and overseas assets, with the FSS signalling closer monitoring and stress testing as volatility persists.
Low insurance take-up should cap insured losses, but the event may add scrutiny to the net retention strategy cedents have pursued in response to rising reinsurance costs.
Amid Japanese regulatory resistance to reinsurance deals, Apollo is weighing deals for Japanese life units as it looks to deepen its presence through direct underwriting.
