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South Korea
Fitch affirms Tong Yang Life's ratings amid uncertainty over ownership change
January 30 2025
CSM grows, however Fitch notes credit profile uncertainty due to Worri Financial's possible acquisition.
Seoul Guarantee Insurance lowers IPO valuation by 40% in planned relaunch
January 27 2025
The offering aims to recover state funds injected during the Asian financial crisis.
2025 Regulatory Road Map: Japan insurers get ready for RBC
January 23 2025
After Japan goes live India, Vietnam, and Brunei will the only states in Asia Pac operating under a Solvency 1 regime
South Korea to ease bancassurance 25% rule: Report
January 22 2025
Regulator is looking to improve consumer choice and boost market compeition.
Korea Development Bank gains approval to integrate KDB Life as subsidiary: Report
January 21 2025
Move expected to result in new sale attempt after years of divestment challenges.
Korean insurers' Q4 profits expected to fall: Report
January 21 2025
Industry could see worst quarterly results since the implementation of IFRS 17.
LA Wildfires: insured losses projected up to US$45bn
January 21 2025
Industry losses estimated between US$10bn and US$45bn, with some Asia (re)insurers facing exposure.
MG Non-Life faces liquidation risk with potential sale in deadlock: Report
January 17 2025
Sale attempt woes continue as union blockades stall Meritz Fire & Marine's bid.
Korean insurers could see losses of over US$70m from LA wildfires: Report
January 17 2025
DB Insurance and Korean Re among those exposed to losses from wildfires.
Miller announces key hires for new Korea operations
January 14 2025
Ex-Marsh Korea CEO David Kim leads new operations, supported by key hires Andrew Kim, Youngkum Yoon, and Tae Hoon Kim.
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