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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, September 19, 2026

Korea P&I Club

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AM Best revises Korea P&I outlook to stable on reinsurance restructure
June 8 2026
The ratings agency also affirmed the insurer's B++ financial strength rating and “bbb+” issuer credit rating.
underwriting-volatility-prompts-outlook-revision-to-negative-for-korea-pi-club-am-best
Underwriting volatility prompts outlook revision to negative for Korea P&I Club: AM Best
May 12 2025
The Club reported a KRW 7.3bn (US$5.14m) loss alongside a combined ratio of 204% last year.
korean-pis-underwriting-challenges-and-mitigation-measures-acknowledged-as-ratings-affirmed-1
Korean P&I's ratings affirmed, as underwriting challenges and mitigation measures acknowledged
August 18 2023
AM Best affirmed KP&I's financial strength and credit ratings, recognising measures to counteract deteriorated and volatile underwriting performance.
New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September