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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Tuesday, September 8, 2026

South Korea

kb-sonbo-insurance-unveils-inde
KB Insurance launches market-first index-based weather insurance in South Korea: Report
September 15 2025
The parametric product covers heavy rainfall, cold waves, and heatwaves.
south-koreas-fsc-suspends-mg-non-life-ops-transfers-contracts-to-bridge-insurer
MG Non-Life contracts transferred to bridge insurer
September 5 2025
Around 1.22m policyholders will retain coverage as contracts move from MG Non-Life to Yebyeol Insurance, pending transfer to other major insurers.
aon-names-bonjay-koo-as-enterprise-client-leader-for-south-korea
Aon names Bonjay Koo as Enterprise Client Leader for South Korea
September 1 2025
He joins the insurer following a five-year stint with Deloitte Consulting.
south-korean-insurers-net-profit-fell-by-15-in-1h25
South Korean insurers' net profit falls by 15% in H125
August 28 2025
The non-life sector saw a nearly 20% dip in net profits, while the life segment fell by 8.5% in the first half of 2025.
south-koreas-financial-regulator-to-announce-measures-for-mg-life-report
South Korea's general insurance market to reach US$28bn by 2029, but motor pressures remain: GlobalData
August 25 2025
New liability insurance mandates and demographic shifts will drive 3.8% annual growth despite motor segment pressures from electric vehicle risks.
south-korea-posts-25-fall-in-commercial-insurance-rates-as-asia-wide-softening-persists
South Korea's commercial insurance rates fall 25% in Q2 as softening trend continues across Asia
August 5 2025
Intense competition drives broader coverage and more favourable terms amid falling premiums across the region.
sampp-sees-stable-profitability-for-korean-re-despite-growing-nat-cat-risks
Korean Re gets S&P ratings upgrade on stable profitability and growth outlook
July 30 2025
S&P cited Korean Re’s strong underwriting results and enhanced capital adequacy under K-IFRS 17 as contributing factors.
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AM Best anticipates growth for Hanwha General Insurance via affiliated agent partners
July 28 2025
AM Best affirmed insurer's ratings, citing a strong balance sheet and stable operating results.
File photo: Seocho-gu, Seoul, South Korea - August 6, 2020: Flood of Han River at Banpo Han River Park against high rise apartments
Motor insurance under pressure as flood losses surpass US$21m in flood-battered South Korea
July 24 2025
Over 3,000 claims have been made to non-life insurers as of Monday, 21 July.
Screenshot of Korea Meteorological Monitor as of 20 July 2025
South Korea’s non-life insurers and conglomerates aid flood-hit regions after 'once-in-a-century' storms
July 23 2025
President Lee Jae-Myung has declared six districts as special disaster zones due to the record-setting rains.
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Global catastrophes drive near-record insurance losses worldwide in H1 2025
July 22 2025
Major events in Australia, Myanmar, and Thailand drove significant insured and economic losses in APAC during the first half of 2025.
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Asia feels Typhoon Wipha’s toll, but HK insurance claims forecast well below Saola
July 22 2025
Wipha left a trail of damage across multiple countries, forcing evacuations, suspending flights and highlighting ongoing nat cat risks.
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