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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Sunday, October 18, 2026

South Korea

pacific-life-re-names-kenichi-kim-as-head-of-south-korea
Pacific Life Re promotes Kenichi Kim to Head of South Korea
May 19 2025
He first joined the business in 2022.
korean-insurers-capital-adequacy-ratios-decline-for-q4-2024
Korean insurers' capital adequacy ratios decline in Q4 2024
May 15 2025
FSS says insurers need to improve their asset-liability management (ALM).
south-koreas-fsc-to-ease-capital-adequacy-requirements-for-insurers-report
Lotte Non-Life postpones subordinated bond redemption after regulatory pushback: Report
May 14 2025
The FSS blocked the insurer’s bond call attempt, citing insufficient capital under K-ICS rules.
korean-financial-authorities-to-set-up-bridge-insurer-for-mg-non-life-transition-report
Korean financial authorities to set up bridge insurer for MG Non-Life transition: Report
May 13 2025
The Deposit Insurance Corporation is expected to fully fund the bridge insurer with no public funds to be used.
underwriting-volatility-prompts-outlook-revision-to-negative-for-korea-pi-club-am-best
Underwriting volatility prompts outlook revision to negative for Korea P&I Club: AM Best
May 12 2025
The Club reported a KRW 7.3bn (US$5.14m) loss alongside a combined ratio of 204% last year.
korea-investigates-insurance-ga-data-breach-involving-third-party-sales-platform
Korea investigates insurance general agency data breaches
May 9 2025
Third-party vendor's compromised accounts prompt a privacy compliance audit by South Korea's data protection authority.
south-koreas-financial-regulator-to-announce-measures-for-mg-life-report
South Korea’s financial regulator completes review of MG Life, set to announce measures: Report
May 8 2025
Planned action will address the insurer’s failure to meet the minimum regulatory capital ratio.
korean-insurers-overseas-businesses-rebound-to-profit-in-2024
Korean insurers' overseas businesses rebound to profit in 2024
May 7 2025
The turnaround was driven mainly by stronger non-life insurance results and improved performance in the United States.
woori-financial-receives-regulatory-approval-to-acquire-tongyang-life-and-abl-life
Woori Financial receives conditional regulatory approval to acquire Tongyang Life, ABL Life
May 5 2025
Decision follows months of review and includes oversight to ensure Woori implements internal reform and capital plans.
Hanwha
South Korea's Hanwha General Insurance increases stake in Carrot to 98.3%
May 1 2025
Hanwha increases its stake in the digital non-life insurer from 88.3% with KRW 205.6bn (US$144.43m) share acquisition.
diversification-by-asias-insurers-improve-capital-buffers-under-sampps-new-risk-based-capital-model
Diversification by Asia’s insurers improves capital buffers under S&P's revised risk-based model
May 1 2025
The rating agency’s new risk-based capital model has granted more weight to portfolio diversification, with Asia’s insurers benefiting most.
financial-services-commission-to-lower-insurers-capital-adequacy-ratio-requirement-to-130report
Korean regulator to set lower insurance capital adequacy ratio at 130%: Report
April 30 2025
FSC says it plans to finalise changes to the Korean Insurance Capital Standard by September.
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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.