South Korea’s Financial Services Commission (FSC) has conditionally approved Lotte Insurance’s management improvement plan, submitted in late April, following a regulatory management improvement requirement.
The...
South Korea’s financial authorities have pledged coordinated action, data exchange, and support measures in response to heightened geopolitical tensions in the Middle East.
The agency also said it will set K-ICS ratio regulations within the year and review surrender value reserve rules to reinforce capital quality and solvency oversight.
The rating agency said recent insurance regulatory changes will influence solvency positions, distribution models and reinsurance dynamics, with China, South Korea and Australia setting the pace in As...
Aiming to align with global enrolment rates, the FSC sets goals to amplify domestic pet insurance by allowing new entrants and implementing methods such as use of biometric data and more tailored prod...
