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Emerging risks | Growth Opportunities | APAC Insurance

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Wednesday, July 29, 2026

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South Korea

korean-life-insurers-face-falling-interest-rate-challenge-in-2025
Korean life insurers face falling interest rate challenge in 2025
January 9 2025
Premium sales figures and solvency capital levels are both under pressure from the BOK’s October reversal of interest rate policy.
koreas-life-insurance-industry-to-top-us140bn-by-2029-globaldata
Korea’s life insurance industry to grow steadily to US$140bn by 2029: GlobalData
January 6 2025
South Korea's life insurance market is set to grow to KRW206.2 trillion by 2029, driven by economic recovery and an ageing population.
jeju-air-crash-may-lead-to-insurance-loss-of-up-to-us180m
Insurance claims from Jeju Air crash estimated between US$135m and US$200m
January 2 2025
Samsung Fire & Marine the lead insurer, with early claims estimate up to US$200m across passenger liability and hull.
am-best-upgrades-korean-res-icr-rating-citing-improved-balance-sheet-strength
AM Best upgrades Korean Re's ICR rating, citing improved balance sheet strength
December 13 2024
Increased available capital, continued profit retention, and reduced underwriting risk underline ratings upgrade.
meritz-fire-named-as-latest-preferred-bidder-for-mg-insurance-acquisition-reports
Meritz Fire selected as leading bidder for latest MG Insurance sale attempt - reports
December 10 2024
Acquisition marks the fifth attempt to secure a buyer for the firm amid financial and regulatory issues.
meritzs-long-term-business-posts-lowest-cor-among-peers-in-2023-am-best
Meritz's posts lowest long-term insurance COR among peers in 2023: AM Best
December 9 2024
AM Best affirms South Korean insurer's ratings, highlighting strong investment and low loss ratio.
south-koreas-insurance-sector-sees-13-2-rise-in-net-income-for-9m-2024
South Korea's insurance sector sees 13.2% rise in net income for 9M 2024 
November 27 2024
Premiums increased 4.8% according to preliminary data from the FSS, but regulator notes concerns over global market uncertainties and potential losses from real estate project financing.
nonghyup-p-and-c-sees-capital-rise-under-ifrs-17-but-underwriting-hit-by-claims-in-2023-am-best
NongHyup P&C sees capital rise under IFRS 17, but underwriting hit by large claims in 2023: AM Best
November 26 2024
Korean insurer's ratings affirmed, with future underwriting performance supported by CSM base, though its capital is more exposed to volatility than domestic peers.
koreas-gi-industry-to-grow-5-in-2024-globaldata
Korea's GI industry to grow 5% in 2024: GlobalData
November 22 2024
Motor and liability to drive growth in 2024, with GlobalData forecasting a 5.2% CAGR through to 2029.
aia-elevates-fisher-zhang-to-regional-chief-executive
AIA elevates Fisher Zhang to Regional Chief Executive
November 22 2024
Zhang will take on responsibility for China, South Korea, and Vietnam, pending regulatory approvals.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August