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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Thursday, August 20, 2026

South Korea

samsung-fire-amp-marine-exits-bancassurance-business
Samsung Fire & Marine exits bancassurance business
April 6 2024
Insurer ends 21-year bancassurance operations amid sales decline, rising interest rates, and regulatory changes.
kdb-life-insurance-sales-process-halted-as-kdb-seeks-higher-valuation-report
KDB Life sales process halted as KDB seeks higher valuation - report
March 28 2024
The Korea Development Bank (KDB) will take full ownership of the life insurer, marking latest phase in ongoing sales saga.
seven-insurers-among-15-institutions-in-koreas-first-joint-climate-stress-test
Seven insurers among 15 institutions in Korea's first joint climate stress test
March 27 2024
The Bank of Korea and Financial Supervisory Service will conduct stress test, with findings used to steer country's low-carbon transition.
korean-insurers-profits-soar-45-5-in-first-year-under-ifrs-17
Deferred acquisition costs under IFRS 17 see Korean insurers' profits soar 45.5%
March 27 2024
Industry sees 6% fall in overall premium income, but life insurers' net profits rise 37.6% and non-life's soar 50.9%, in first year under IFRS 17.
south-korean-government-looks-to-boost-exports-with-record-us190bn-trade-insurance-support
South Korean government looks to boost exports with record US$190bn trade insurance support - report
March 26 2024
Record amount will support a range of industries as government aims to to meet ambitious $700bn export target.
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.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.