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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Wednesday, October 21, 2026

South Korea

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.
seoul-guarantee-insurance-experiencing-rise-in-cor-but-normalisation-anticipated-in-2025-fitch
Seoul Guarantee Insurance experiencing rise in COR, but normalisation anticipated in 2025: Fitch
November 21 2024
Economic conditions have impacted SGI's underwriting performance, but strong investment has provided stability.
hanwha-life-teams-up-with-stanford-university-for-ai-project
Hanwha Life teams up with Stanford University for AI project
November 20 2024
Hanwha Life is exploring four AI-related issues: asset management, digital personas, healthcare, and governance.
new-regulations-enhancing-focus-on-long-term-profitability-for-koreas-non-life-insurers-am-best
New regulations raising long-term profitability focus for Korea's non-life Insurers: AM Best
November 15 2024
AM Best maintains stable outlook for segment, reflecting long-term insurance growth and underwriting resilience, despite market challenges. 
south-koreas-insurance-industry-to-reach-us180bn-by-2029
South Korea’s insurance industry to hit US$180bn in 2029: GlobalData  
October 25 2024
3.4% CAGR estimate driven by country’s ageing population and rising demand in health and retirement coverage. 
rga-upsizes-asset-intensive-reinsurance-deal-with-tongyang-life
RGA upsizes asset intensive reinsurance deal with Tongyang Life
October 24 2024
US firm expands transaction by 200m Korean won as reinsurers increasingly turn their attention to Asia Pac.
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Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.