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Emerging risks | Growth Opportunities | APAC Insurance

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Wednesday, October 21, 2026

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.
rga-inks-first-korean-cross-border-coreinsurance-deal-with-tongyang-life
RGA inks first Korean cross border coinsurance deal with Tongyang Life
July 2 2024
Building on agreements in Japan this year, RGA signs a 200bn Korean won (US$145m) deal with Tongyang Life.
uncertainty-surrounds-lotte-insurance-sale-following-woori-withdrawl
Uncertainty surrounds Lotte Insurance sale following Woori withdrawl
June 30 2024
Lotte Insurance's stock dives, with financial conglomerate's bid withdrawal considered a major setback.
woori-to-acquire-tongyang-and-abl-life-from-chinas-dajia-insurance-group-report
Woori to acquire Tongyang and ABL Life from China's Dajia Insurance Group - report
June 27 2024
US$2.2bn deal would see South Korean financial conglomerate pull out of other proposed acquisitions, including Lotte Insurance.
korea-finance-for-constructions-rating-affirmed-as-insurer-eyes-overseas-expansion
KFINCO's rating affirmed with Korean insurer pursuing overseas expansion
June 14 2024
Fitch affirms construction guarantee insurer's ratings, noting that limited geographic and business diversification has prompted it to explore expansion opportunities.
south-korean-motor-insurers-pay-claims-from-trash-balloons-despite-war-exclusions-report
South Korean insurers pay 'trash balloon' claims despite war exclusions - report
June 13 2024
Insurers are opting to cover motor damage, citing unusual circumstances and classifying North Korea's trash-filled balloons as "falling objects".
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