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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Sunday, September 27, 2026

South Korea

hanwha-general-insurance-has-ratings-affirmed-amid-efforts-to-scale-digital-subsidiary
Hanwha General Insurance has ratings affirmed amid efforts to scale digital subsidiary
August 19 2024
AM Best affirms Hanwha General Insurance's ratings while highlighting its efforts to expand Carrot General Insurance.
meritz-fire-confirms-participation-in-mg-insurance-acquisition-race-reports
Meritz Fire confirms participation in MG Insurance acquisition race: Reports
August 12 2024
The company joins Dayli Partners and JC Flowers in the fourth preliminary bid for MG Non-Life Insurance, which is set for Thursday. 
south-koreas-abl-life-launches-women-exclusive-health-insurance
South Korea’s ABL Life launches women-exclusive health insurance products
August 9 2024
The new insurance offering includes coverage for female diseases, cancers, and major life stages. 
fitch-korean-insurers-foreign-commercial-real-estate-losses-tolerable
Fitch: Korean insurers foreign commercial real estate losses ‘tolerable’
August 7 2024
Korea’s insurers have felt the pinch from the global CRE downturn but strong capital levels mean that any pain should be manageable by the sector.
woori-to-acquire-tongyang-and-abl-life-from-chinas-dajia-insurance-group-report
Woori Financial signs MoU to acquire Tongyang and ABL Life Insurance - report
August 6 2024
Woori is now conducting due diligence on potential acquisition which would see it become the sixth largest life insurer in South Korea.
south-koreas-non-life-insurers-restructure-workforce-amid-digital-transformation-report
South Korea's non-life insurers restructure workforce amid digital transformation: report
August 5 2024
Voluntary retirement programs could signal shift toward more digital channels in South Korea's non-life insurance sector.
korean-life-and-non-life-insurers-struggle-to-finalise-mampa-deals
High valuations stall insurance industry M&A in Korea
August 2 2024
The country’s life and non-life M&A market continues to stagnate despite broader economic deal-making activity.
proposed-sale-of-south-koreas-mg-non-life-insurance-fails-for-third-time
Proposed sale of South Korea's MG Non-Life Insurance fails for third time - report
July 22 2024
Sale halted once more after failing to secure concrete interest from enough bidders.
new-south-korean-law-sparks-surge-in-digital-asset-insurance-products
New law sparks surge in digital asset insurance products in South Korea
July 19 2024
Carriers rush products to meet demand as Virtual Asset Users Protection Act goes live, but face high risks due to volatility and complexities in the segment.
am-best-affirms-hyundai-marine-fires-ratings-amid-increased-medical-claims
Hyundai Marine & Fire’s ratings affirmed with rate hikes balancing increased medical claims
July 18 2024
Strategic rate increases, efforts to improve medical indemnity loss ratio underscores AM Best's stable 'A' IFS rating for Korean insurer.
south-koreas-insurers-see-capital-adequacy-ratios-fall-8-6pp-in-q1-2024
South Korea's insurers see capital adequacy ratios fall 8.6pp in Q1 2024
July 13 2024
Market and op risks have seen required capital to rise in Q1.
one-in-200-year-rainfall-hits-south-korea-causing-landslides-and-flash-floods
One in 200 year downpours hit South Korea, causing landslides and flash floods
July 10 2024
Torrential rains in South Korea's southern regions lead to the deaths of five people, thousands evacuated, and widespread disruption.
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25 September