South Korea

Rate changes, portfolio restructuring help improve Lippo General's 2025 performance as AM Best affirms A- rating

Rate changes, portfolio restructure improve Lippo General's 2025 performance as AM Best affirms ratings

August 24 2026

Medical inflation, property-line pressure drove recent volatility, but recent measures have helped improve underwriting results.

Dusk cityscape of Tokyo with the tall Tokyo Skytree rising above a dense cluster of buildings and a river in the foreground.

KIRI urges insurers to make inclusive insurance a core business line

August 24 2026

As climate and demographic risks intensify, KIRI urged insurers to move beyond traditional compensation and support recovery efforts.

Modern high-rise bank building featuring Woori Bank logos on a blue glass facade against a clear blue sky.

Woori Financial to build US$39bn life insurer through Tongyang-ABL merger

August 18 2026

Group says it aims to build a larger, technology-driven life insurer focused on profitability, operational efficiency and ageing-related insurance demand.

Two modern glass office skyscrapers in a city, left building has a Korean bank sign and trees in the foreground.

JKL weighs public sale of Lotte Non-Life as negotiations with Shinhan stall — report

August 17 2026

While JKL faces growing pressure to exit Lotte Non-Life, the bidder has little incentive to increase its offer.

Korea Investment Holdings chosen as preferred bidder for KDB Life deal

August 14 2026

This is KDB’s seventh attempt to find a buyer for the life insurer since 2014.

Hanwha Life new business CSM rises 40.5% to record US$913m in H1

August 14 2026

CFO Yoon Jong-kook has also outlined plans to focus on mid- to long-term whole-life and nursing-care products.

Wide city skyline at dusk with a hill and a tall tower on top, colorful sunset in the clouds above Seoul-like cityscape.

Samsung Fire & Marine H1 net profit rises 10.2% as commercial lines drive growth

August 13 2026

While overall earnings strengthened, the insurer's motor portfolio remained under pressure from weaker profitability and subdued premium growth.

Kyobo Life weighs US$212m acquisition of AXA General Insurance — report

August 12 2026

South Korean insurer has been evaluating opportunities to enter the non-life market.

Empty train station platform with boxes and 'In Force' sign, early exit door, and clock.

Asia's life insurers rethink products as surrender trends test customer retention

August 12 2026

Policy surrenders have surpassed maturity payouts in India, while Korea has seen cancellations rise 62.7% in early 2026.

Tongyang Life becomes wholly owned Woori Financial subsidiary after share swap

August 11 2026

The deal ends Tongyang Life’s roughly 17-year run as a listed company, with delisting expected at the end of August.

KDB Life building in Seoul, South Korea, with company name in Korean and English.

KDB Life draws final bids from Hanwha Life, Heungkuk Life and Korea Investment — report

August 10 2026

Samsung Life and Kyobo Life have reportedly dropped out of the final round despite preliminary interest.

Korea's climate tech risks and insurance strategies, digital technology, and CO2 management.

KIRI urges phased insurance approach for Korea’s climate tech risks

August 10 2026

Insurance could help reduce uncertainty around accident and performance risks, but KIRI says many early-stage technologies remain difficult to underwrite.

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25 September