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Emerging risks | Growth Opportunities | APAC Insurance

Thursday, June 4, 2026
South korea insurance rein asia

South Korea.

News and analysis of insurance in South Korea, covering market trends, regulation, underwriting, claims, and key industry developments.

Features and key stories

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japan-and-india-buck-regional-slide-as-asia-pacific-insurance-dealmaking-declines-further-in-2025
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south-korea-posts-25-fall-in-commercial-insurance-rates-as-asia-wide-softening-persists
korea-lowers-capital-adequacy-threshold-to-130
apac-insurance-capital-rules-boost-demand-for-structured-solutions
apac-insurance-markets-brance-for-impact-as-us-china-trade-tensions-soar
south-koreas-proposed-capital-changes-could-spark-insurance-industry-consolidation
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transitional-measures-give-korean-insurers-time-to-strengthen-balance-sheets
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South Korea's DB Insurance completes US$1.65bn acquisition of Fortegra
Fortegra will operate independently under its existing leadership as the two companies target growth across the US, Europe and Asia.

Korea launches marine war-risk pool for ships in the Strait of Hormuz
The KRW300bn (US$197.5m) facility aims to ease costs and secure cover for smaller Korean shipping firms exposed to heightened Middle East risks.

Korea non-life insurers post 18% surge in premiums in Q4 as claims ease, profits recover
Long-term retirement products fueled a near-18% premium increase, but several specialty GI lines lost ground.

Autonomous vehicles drive APAC insurers toward new liability era as robotaxis ramp up
Robotaxis are giving commercial shape to APAC’s broader AV market, but insurers remain constrained by limited data, fragmented regulation, and unresolved liability questions.

Vietnam breaks from Asia’s soft market trend as commercial rates rebound to 15% in Q4
Korea led the region’s softening with a 17% composite rate drop, while Taiwan and Hong Kong SAR also posted double-digit declines, according to Marsh data.

Japan and India buck regional slide as Asia-Pacific insurance dealmaking declines further in 2025
With only two $1bn-plus transactions all year, buyers shifted toward smaller, distribution-led plays and selective cross-border bets.

South Korea sets 2027 rollout, phase-in plan for insurers’ core capital K-ICS rule
FSC will introduce company-specific benchmarks and stricter redemption rules as part of a phased core capital rollout.

HDI Global opens Seoul office to expand APAC reach
Ki Hyung Jo has joined as Korea market lead, with HDI to offer local clients access to insurer's existing product range and new specialty solutions, such as cover for K-pop events.

Miller targets maturation of Japan, South Korea operations
Regional Chief Exec looks to build both markets to align with Singapore’s product line.

South Korea, Thailand, India on Gallagher Re's radar for regional growth
Broker's head of APAC looks to build on momentum in Asia-Pacific following acquisitions in China and Australia earlier this year.

South Korea's commercial insurance rates fall 25% in Q2 as softening trend continues across Asia
Intense competition drives broader coverage and more favourable terms amid falling premiums across the region.

Korea lowers recommended capital adequacy ratio to 130%
The FSC did not announce changes to the mandatory core capital requirement but said discussions will follow in the second half of the year.

APAC insurance capital rules boost demand for structured solutions
Reinsurance is playing an increasingly important role in optimising capital as part of strategic balance sheet management.

APAC insurance markets brace for impact as US-China trade tensions soar 
Region's insurers face challenges including market volatility, slower premium growth, and increased hedging costs.

Mandatory core capital requirement could spark consolidation in South Korea's insurance industry
Mid-sized and smaller insurers likely to face "significant challenges" meeting proposed capital change.

2025 Regulatory Road Map: Japan insurers get ready for RBC
After Japan goes live India, Vietnam, and Brunei will the only states in Asia Pac operating under a Solvency 1 regime

Transitional measures give Korean insurers time to strengthen balance sheets
Korean insurers capital ratios are 20% stronger thanks to transitional measures introduced by regulators, but these have a limited timespan.

Korean regulator issues IFRS 17 guidance after Q1 results
Non-life insurers’ sale of long-dated products distorted first set of results under the new standard.

Latest

People moves
21 April 2026
Swiss Re names Anna Ziswiler as Head of P&C Re for Southeast Asia, India, Hong Kong, Taiwan, and Korea
13 April 2026
Gallagher Re Korea appoints MJ Sung as divisional director
08 April 2026
Aon names Minhyuk Jung as head of South Korea desk for Global Broking Centre, commercial risks
01 April 2026
Marsh names KT Koo as CEO of Marsh Korea
10 February 2026
Julian Park joins Lockton as head of people solutions, South Korea
12 January 2026
HDI Global opens Seoul office to expand APAC reach
19 December 2025
Kyobo Life names Shin Jung-ha as head of enterprise-wide AI transformation support unit
13 October 2025
Allianz Trade names Yusuke Hata as Regional Head of Japan desk for North Asia, Singapore
16 September 2025
Allianz Trade names Hassan Omaish as CEO for Hong Kong Hub
01 September 2025
Aon names Bonjay Koo as Enterprise Client Leader for South Korea
25 June 2025
Everest Insurance establishes Korea Desk, names Brian Jee as Head
28 May 2025
Gallagher Re appoints Chulmin Jang as Korea CEO

Editor’s choice

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All stories

Yebyeol General Insurance, Non-Life Insurance
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Untitled design 12
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Untitled design 2
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