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Emerging risks | Growth Opportunities | APAC Insurance

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Thursday, July 30, 2026

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South Korea

korean-insurers-offshore-profits-up-135-in-2024-report
Korean insurers offshore profits up 135% in 2024 - report
October 9 2024
Expansion into global markets supports growth for South Korean life and non-life firms.
korean-guarantee-insurance-payouts-rise-as-economy-falters-report
Korean guarantee insurance payouts rise as economy falters - report
October 9 2024
Rising interest rates and inflation contribute to record-high guarantee insurance payouts in South Korea.
korean-insurance-research-institute-calls-for-long-term-strategies-to-restore-trust-in-the-insurance-industry
Korean Insurance Research Institute calls for long-term strategies to restore trust in the insurance industry 
September 27 2024
Misleading practices and short-term commission structures are cited as key reasons for growing inefficiencies and distrust among consumers.
consumer-demand-driving-digital-shift-in-korean-insurance
Consumer demand driving digital shift in Korean insurance
September 26 2024
Embedded insurance products are proliferating but human relationships remain vital to selling and underwriting insurance.
taishin-ups-the-ante-with-25-higher-bid-in-race-to-acquire-shin-kong-financial
Taishin ups the ante with 25% higher bid in race to acquire Shin Kong Financial 
September 12 2024
Taishin Financial challenges rival CTBC with new US$7bn all-shares deal.
korean-motor-insurers-1h-net-profit-drops-40-2-amid-uptick-in-accidents
Korean motor insurers’ 1H net profit drops 40.2% amid uptick in accidents  
September 12 2024
Approximately 1.84m auto accidents were recorded in South Korea for the first half of 2024.
am-best-affirms-a-rating-for-db-insurance-citing-strong-underwriting-new-business-generation
AM Best affirms DB Insurance's ratings, citing strong underwriting, new business generation 
September 9 2024
AM Best said long-term insurance line is likely to gain from efforts such as stricter underwriting practices and higher premium rates for medical indemnity policies.
koreas-life-and-non-life-segments-see-contrasting-net-income-results-in-1h-2024
Korea’s life and non-life segments see contrasting net income results in 1H 2024
September 3 2024
Life sees 9.4% decline amid significant drop in investment income, while non-life reports 12.2% growth.
fitch-upgrades-hanwha-lifes-outlook-on-improved-profitability-and-capital-position
Fitch upgrades Hanwha Life's outlook on improved profitability and capital position
August 30 2024
New capital standards help to boost capital strength, with Fitch affirming ratings alongside outlook revision.
koreas-fsc-chief-urges-insurers-to-prioritise-swift-claims-payments-trust-building-report
Korea’s FSC Chief urges insurers to prioritise swift claims payments, trust-building
August 29 2024
Kim Byoung-hwan emphasised October deadline to digitise insurance claims, while also calling for insurers to invest in ways that boost the economy.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August