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Emerging risks | Growth Opportunities | APAC Insurance

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

South Korea

onedegree-global-partners-with-db-inc-to-launch-microinsurance-platform-in-korea
OneDegree Global partners with DB Inc. to launch microinsurance platform in Korea 
October 21 2024
The new platform allows carriers to enter segment with low setup costs, efficient policy administration, and a simplified claims processes. 
starr-insurance-granted-seoul-branch-licence
Starr Insurance granted Seoul branch licence
October 21 2024
Local operations are being led by Paul Choi, who was named as the Korean branch’s CEO in May.
korean-insurers-face-ifrs-17-pressure-from-interest-rate-cuts
Korean insurers face IFRS 17 pressure from interest rate cuts
October 14 2024
Recent interest rate reduction by Bank of Korea could impact insurers' profitability.
samsung-fire-andp-marines-ratings-affirms-with-growing-online-motor-business-supporting-profitability
Samsung Fire & Marine's ratings affirmed with growing online motor business supporting profitability 
October 11 2024
AM Best spotlights stable underwriting performance and robust investment of SFM, while subsidiary PT Asuransi Samsung Tugu sees 28.3% five-year average COR. 
taishin-and-shin-kong-announce-merger-amid-ctbc-takeover-bid
Shin Kong shareholders approve merger with Taishin Financial Holding 
October 9 2024
If approved by regulators, the merger would create Taiwan's fourth-largest financial conglomerate.
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.
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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.