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South Korea
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".
SEADRIF engages Gallagher Re for reinsurance broking and risk advisory services
June 5 2024
SEADRIF says it appointed the reinsurance broker to help enhance its climate and disaster risk finance capabilities in the ASEAN+3 region.
Guillaume Mirabaud appointed as CEO of AXA Thailand General Insurance
June 5 2024
Mirabaud to lead AXA Thailand General Insurance from June 2024, following his tenure as CEO at AXA Korea.
Hans Vraken appointed CEO of AXA Korea
June 4 2024
Vraken brings extensive leadership experience from his previous roles at AXA including 4.5 years as President and CEO of AXA Direct Japan.
Chubb consolidates Korean operations under Lina brand
June 1 2024
Chubb has consolidated its Korean GI, life, and telemarketing subsidiaries Korean under the unified Lina brand.
Korean regulator unearths broker-led insurance fraud ring
May 30 2024
Korean regulator and police uncover a 2.1bn won (US$1.5m) fraud operation involving brokers, hospitals, and fake patients.
Paul Choi named CEO of Starr's new Korea branch
May 17 2024
With 30 years industry experience, Choi will provide strategic leadership and oversee growth at the new branch.
South Korean insurers targetting more tailored products for women - report
May 10 2024
Korean insurers are increasingly targeting female customers, responding to growth including higher insurance subscription rates among women.
Lockton Korea aiming to double sales by 2028 says CEO
May 10 2024
CEO Ben Son says business plans to double sales organically through focus on commercial risks including property, liability, and technology.
Early May forecast predicts reduced 2024 typhoon activity for Northwest Pacific region
May 9 2024
TSR forecasts a potential 20% drop in 2024's Northwest Pacific typhoon activity compared with 30-year average.
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