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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Wednesday, August 19, 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.
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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.
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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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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.