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Emerging risks | Growth Opportunities | APAC Insurance

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Thursday, July 30, 2026

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South Korea

korea-life-insurers-targets-hybrid-insurance-pension-and-overseas-markets-for-growth-report
Korean Life insurers target hybrid, pension, and overseas markets for growth - report
March 20 2024
KLIA Chairman says industry needs to find new growth opportunities amid declining population and market saturation,
am-best-affirms-kbfg-insurance-chinas-ratings-amid-claims-volatility
AM Best affirms KBFG Insurance China's ratings amid claims volatility
March 15 2024
Significant 2023 fire loss had minimal impact on underwriting result, but solvency position affected due to higher reinsurance credit exposure.
south-koreas-major-non-life-insurers-break-1-trillion-won-in-overseas-premiums-for-2023-report
South Korea's major non-life insurers break 1 trillion won in overseas premiums in 2023 - report
March 12 2024
Four leading non-life insurers collect 1.04 trillion won (US$793m) in overseas premiums, but mere 1.2% of total premiums, highlights potential for further expansion.
fitch-revises-construction-guarantees-outlook-to-stable-affirms-a-rating
Korea's construction sector slowdown, TY E&C concerns impact Construction Guarantee's outlook
March 5 2024
Fitch affirms ratings but downgrades outlook to stable, citing potential for claims due to liquidity issues at Taeyoung Engineering & Construction.
aon-appoints-tracy-lee-kus-as-head-of-north-asia
Aon appoints Tracy Lee Kus as Head of North Asia
March 1 2024
Kus will maintain her existing responsibilities as APAC's Head of Commercial Risk Solutions in addition to overseeing the broker's operations in Japan and Korea.
wtw-and-solomon-agency-partner-on-north-american-exposure-of-south-korean-and-vietnamese-firms
WTW and Solomon Agency Corp partner on North American exposure of Asian businesses
February 14 2024
Strategic co-brokerage agreement aims to deliver tailored insurance solutions to South Korean and Vietnamese companies operating in North America.
transitional-measures-give-korean-insurers-time-to-strengthen-balance-sheets
Transitional measures give Korean insurers time to strengthen balance sheets
February 14 2024
Korean insurers capital ratios are 20% stronger thanks to transitional measures introduced by regulators, but these have a limited timespan.
tong-yang-lifes-capitalisation-remains-robust-under-new-k-ics-and-ifrs-17-standards
Tong Yang Life's capitalisation remains robust under new K-ICS and IFRS 17 standards
February 8 2024
Despite reduced profits in 2022, Tong Yang Life Insurance maintains A- rating with stable outlook from Fitch.
samsung-fire-marine-latest-insurer-to-reduce-motor-rates-amid-rising-cost-of-living
Samsung Fire & Marine follows other Korean insurers by reducing motor rates amid rising cost of living pressures
February 7 2024
Heeding call from the government, Samsung F&M spearheads 2.8% cut, with industry peers having already cut between 2.5% to 2.6%
south-korean-insurers-launch-limited-edition-products-report
South Korean insurers launch 'limited edition' products - report
January 24 2024
Time-sensitive life and health policies, aimed at pre-empting rate hikes due to the experience life table, has attracted regulatory attention.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August