Aiming to align with global enrolment rates, the FSC sets goals to amplify domestic pet insurance by allowing new entrants and implementing methods such as use of biometric data and more tailored prod...
South Korea leads in insurance digitalization according to Swiss Re's Insurance Digitalisation Index, with focus on R&D spending and digital connectivity; emerging markets are also catching up, providing...
Korean C-suite expects increased profits, independent of significant lift provided by IFRS 17 and despite increased competition and economic uncertainties.
The introduction of the new accounting standard has led to a sharp increase in reported profits, particularly for P&C insurers —leading to concerns about valuations.
The state-run Korean surety bond and credit insurance provider is set to go public with shares around US$35 each, potentially reaching a market cap of US$2.72bn.
As concerns continue to grow about South Korea's falling birth date, the Government and GIA have partnered to provide financial assistance for cryopreservation.
Local media reports show that over the past five years, Korean insurance companies have experienced a tripling of claims payouts and a more than fourfold rise in the number of claims.
The Japanese insurer is understood to be targeting large South Korean insurers interested in expansion, though reports in Malaysia suggest other Japanese insurers might be inte
