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Emerging risks | Growth Opportunities | APAC Insurance

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Wednesday, August 26, 2026

Financial Supervisory Service

south-korea-targets-stronger-oversight-as-insurance-retention-lags-global-peers
FSS looks to boost South Korea's lagging insurance retention
April 24 2025
Country's five-year retention rate is considerably lower than some global peers.
korean-insurers-post-4-6-rise-in-2024-net-profit-on-stronger-investment-returns
South Korea's insurance premiums increase 1.4% in 2024
March 27 2025
Industry records 4.6% in net profit growth thanks to investment returns, but underwriting profits decline 6.7%.
wooris-insurance-acquisitions-likely-to-proceed-despite-fss-rating-downgrade-report
Woori’s insurance acquisitions likely to proceed despite FSS rating downgrade: Report
March 19 2025
The FSS has downgraded Woori’s management rating from Grade 2 to Grade 3.
south-korean-financial-sector-faces-up-to-us31-49bn-in-climate-related-losses
Climate risks could cost South Korean banks and insurers up to US$31bn: Bank of Korea
March 18 2025
Stress test indicates up to KRW45.7 trillion in combined losses by century's end without climate change policies.
south-koreas-insurers-see-capital-adequacy-ratios-fall-8-6pp-in-q1-2024
South Korea's insurers see capital adequacy ratios fall 8.6pp in Q1 2024
July 13 2024
Market and op risks have seen required capital to rise in Q1.
Photo of man reading financial statements. Logos of Samsung Life and FSS in top left and top right.
FSS issues administrative warning to Samsung Life Insurance
April 27 2023
Following its designation as a financial conglomerate last year, Samsung Life is facing increased responsibility
Photo of Korean family sitting at a restaurant with Father looking at tablet device.
FSC unveils plans to allow insurance comparison websites in South Korea
April 6 2023
The financial regulator said it hopes to launch the service by the end of 2023.
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