South Korea

Fitch Ratings affirms CI Guarantee's ratings despite elevated combined ratio, cites strong capital position

October 17 2025

The affirmation reflects ongoing state support and improved investment returns, despite modest profitability and sector-specific risks.

Allianz Trade names Yusuke Hata as Regional Head of Japan desk for North Asia, Singapore

October 13 2025

He has been with the insurer since 2022, most recently working as a Sales Manager for its Japan team.

apac-insurance-regulators-ease-rules-to-boost-growth-while-us-europe-tighten-reinsurance-oversight-fitch

APAC insurance regulators ease capital rules as US, Europe tighten reinsurance oversight: Fitch

October 5 2025

The rating agency said recent insurance regulatory changes will influence solvency positions, distribution models and reinsurance dynamics, with China, South Korea and Australia setting the pace in As...

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South Korea life insurance market to grow 4.5% annually through 2030 on reforms, ageing population

September 29 2025

GlobalData estimates direct written premiums will expand to KRW234.3 trillion (US$167bn) in 2030.

korean-insurers-face-ifrs-17-pressure-from-interest-rate-cuts

Former Meritz Fire & Marine CEO, executives under investigation for alleged insider trading scheme: Reports

September 26 2025

The investigation focuses on alleged share purchases made just before major merger announcement in 2022.

Korean Insurers’ solvency ratios strengthen in Q2

September 25 2025

Regulators' capital easing, stronger earnings, and bond sales lifted insurers’ solvency positions in the second quarter.

south-korean-insurers-capital-adequacy-ratio-rises-to-206-8-by-end-june-fsc-data-shows

South Korean insurers' capital adequacy ratio rises to 206.8% at end-June

September 22 2025

FSS data shows life insurers posted a solvency ratio of 200.9%, compared to 214.7% for non-life firms.

Allianz Trade names Hassan Omaish as CEO for Hong Kong Hub

September 16 2025

15-year company veteran to oversee Hong Kong, South Korea and Taiwan operations from October.

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.

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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

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.

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