South Korea

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.

south-korea-targets-stronger-oversight-as-insurance-retention-lags-global-peers

FSS looks to boost South Korea's lagging insurance retention

April 24 2025

Country's five-year retention rate is considerably lower than some global peers.

south-korean-motor-insurance-market-anticipated-to-exceed-us19bn-by-2028

South Korea motor insurance poised for strong growth but profitability headwinds loom: GlobalData

April 23 2025

Insurers brace for rising loss ratios despite premium hikes and EV-driven expansion through 2029.

SBI to increase Kyobo Life stake, crossing 20% threshold: Report

April 17 2025

Following the transaction the company will be the insurer’s largest shareholder aside from its chairman.

APAC insurance capital rules boost demand for structured solutions

April 17 2025

Reinsurance is playing an increasingly important role in optimising capital as part of strategic balance sheet management.

apac-insurance-markets-brance-for-impact-as-us-china-trade-tensions-soar

APAC insurance markets brace for impact as US-China trade tensions soar

April 15 2025

Region's insurers face challenges including market volatility, slower premium growth, and increased hedging costs.

Over 5,000 insurance claims lodged after South Korea wildfires, assessments ongoing: Report

April 14 2025

Crop loss claims dominate claims following wildfires in Uiseong and Sancheong Counties.

Korean insurers consider launching earthquake cover following Japan quake: Report

April 9 2025

Earthquake cover is not currently a stand-alone product in the market, but recent events are prompting a reassessment of risk.

Bermuda Monetary Authority calls for more visibility on asset-intensive reinsurance deals

April 9 2025

BMA mandates stricter disclosure requirements amid rise in AIR deals, including in Asia.

japans-insurance-industry-to-top-us400bn-in-2029-globaldata

APAC cedents capitalise on softening market at April renewals

April 7 2025

Carriers secured favourable reinsurance terms amid strong competition and abundant capital, though rising catastrophe losses could limit future rate reductions.

Chubb launches expanded life sciences insurance offering

April 3 2025

The Premier Life Science policy provides coverage across multiple lines of business to life sciences companies in Singapore, Australia, Hong Kong, and Korea.

South Korea wildfires to have limited impact on insurers' ratings, says S&P

April 3 2025

However, more extreme events this year could strain earnings and increase reinsurance costs, rating agency says.

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