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Thursday, July 30, 2026

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South Korea

woori-to-acquire-tongyang-and-abl-life-from-chinas-dajia-insurance-group-report
Woori signs deal to acquire Tongyang Life and ABL Life for US$1.16bn
August 29 2024
Woori Financial Group aims to diversify portfolio with acquisitions, but faces regulatory scrutiny due to recent loan scandals.
korea-p-and-i-club-ratings-affirmed-amid-strategic-underwriting-overhaul-due-to-large-claims
Korea P&I Club's ratings affirmed amid strategic underwriting revamp
August 26 2024
AM Best affirms B++ ratings KP&I's risk while noting the club has reduced its exposure to larger-sized vessels.
korean-insurers-reviewing-ev-policies-and-premiums-amid-fire-incidents
Korean insurers reviewing EV policies and premiums: Report
August 26 2024
Korean insurers likely to raise rates, amid general EV growth and recent high-profile incidents.
proposed-sale-of-south-koreas-mg-non-life-insurance-fails-for-third-time
Sale of MG Insurance fails for fourth time - report
August 20 2024
Sources reveal that the KDIC is now looking to move forward with the sale via private contacts. 
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.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August