Fitch affirms 'AA-' ratings for the guarantee and credit insurer, though slight deterioration of combined ratio is expected in 2023.
South Korean car insurance premiums are set to decrease by 3% as part of President Yoon Suk Yeol's economic initiative to support SMEs and low-income individuals.
Prudential's investment business is reported to be the market at a 100 billion won price tag amid a challenging economic environment.
Save time. Stay informed. Make better decisions. Get ahead with precise and essential analysis of the Asia Pac insurance markets. To access (Re)in Asia's exclusive intelligence, you can: Take a free trial Subscribe or upgrade your subscription to an appropriate level Or if you already have an account, please log in here: Username or E-mail Password Remember Me Forgot Password
Volante continues its expansion in Asia with the appointment of seasoned reinsurance professional Liu Song, who be responsible for Treaty in Southeast Asia, Greater China, and South Korea.
Shinhan EZ General Insurance will enter Indonesia through a partnership with PasarPolis's Tap Insure, with an initial focus of servicing Korean firms that operate within Indonesia.
AM Best credits KB Insurance Co.'s improved underwriting profitability and robust operational performance as key factors behind reaffirming its A (Excellent) Financial Strength and "a" Long-Term Issuer Credit Rating.
Despite capital losses in 2022, global rating agency AM Best affirms ratings and maintains stable outlook for the government-designated surety underwriter for general contractors.