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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Tuesday, September 29, 2026

South Korea

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.
global-catastrophes-drive-near-record-insurance-losses-worldwide-in-h1-2025
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.
typhoon-wipha-leaves-hong-kong-counting-economic-losses-of-up-to-hk2bn
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.
db-insurance-targets-growth-with-two-vietnam-acquisitions-am-best-affirms-ratings
DB Insurance’s overseas expansion and strong combined ratio underpin long-term growth: AM Best
July 22 2025
The insurer’s strategic shift comes as it looks to balance domestic stability with new growth opportunities abroad.
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Ransomware Attack Disrupts Korea's Largest Guarantee Insurer: Report
July 17 2025
The ransomware attack has stalled Seoul Guarantee Insurance's services and impacted critical sectors, including the country’s rental housing market.
db-insurance-facing-us60m-lawsuit-in-guam-fine-in-vietnam
DB Insurance facing US$60m lawsuit in Guam, fine in Vietnam: Report
July 4 2025
Insurer is being sued over unpaid typhoon claims in Guam.
woori-financial-finalises-tongyang-life-abl-life-acquisitions-as-firm-eyes-financial-rebound-reports
Woori Financial finalises Tongyang Life, ABL Life acquisitions
July 3 2025
The deal, valued at KRW1.55tn (US$1.14bn), came through following nearly 10 months of rigorous regulatory reviews.
authorities-to-again-pursue-sale-of-mg-non-life-insurance-after-policy-reversal-reports
Authorities to again pursue sale of MG Non-Life Insurance after policy reversal: Reports
July 2 2025
Decision comes weeks after regulators announced plans to liquidate the insurer through a bridge insurance mechanism.
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Hanwha Life seals 40% stake acquisition in Indonesia's Nobu Bank
July 1 2025
With its investment in Nobu Bank, Hanwha Life becomes the first Korean insurer to enter the country's commercial banking market.
everest-insurance-establishes-korea-desk-names-brian-jee-as-lead
Everest Insurance establishes Korea Desk, names Brian Jee as Head
June 25 2025
Jee will also serve as Senior Financial Underwriter at the Korea Desk.
korean-insurers-face-capital-strain-but-stable-profits-expected-in-2025-fitch
Korean insurers face capital strain but stable profits expected to continue in 2025: Fitch
June 25 2025
Regulatory changes and falling interest rates are prompting Korean insurers to adjust their capital management strategies.
AsianFamilyPlayingWithSiberianHuskyDogTogether
South Korea's first fully-licensed pet insurer to launch in July
June 16 2025
MyBrown will offer small-sum, short-term insurance products.
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25 September