South Korea

HDI Global opens Seoul office to expand APAC reach

January 12 2026

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.

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General Insurance Association of Korea, criminology institute join forces to combat rising insurance fraud

January 9 2026

The collaboration aims to curb social costs, protect policyholders, and strengthen the stability and fairness of Korea’s insurance system.

Kyobo Life ROE rises to 20.4% as Fitch maintains ‘A+’ IFS; risky asset ratio climbs

January 9 2026

The life insurer's risky asset ratio rose to 179.0% by end-September 2025, exceeding Fitch's guideline for the insurer’s rating category.

Reinsurers ramp up APAC life and health push at 1/1 renewals — Aon

January 7 2026

Capital relief, longevity and lapse solutions gain ground as insurers respond to tougher risk-based capital regimes and climbing healthcare costs.

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Gallagher Re: APAC cedants secure rate cuts, better terms as reinsurance capacity surges

January 5 2026

Reinsurers compete aggressively for APAC business as record capital levels and benign loss experience drive double-digit rate reductions across the region.