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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Sunday, September 27, 2026

South Korea

Woori Bank building in South Korea with blue sky background.
Tongyang Life to proceed with Woori share swap despite buyback threshold breach
August 5 2026
Shareholder appraisal claims reached KRW204.57bn (US$144m), slightly above the KRW200bn threshold that could have allowed the deal to be terminated.
Robotic hand typing on a keyboard with glowing warning icons and a blue cloud alert symbol, symbolizing cybersecurity threats
KIRI says AI and climate losses may outrun individual insurers' capacity
August 3 2026
Insurance research institute told a Seoul workshop that correlated shocks from both perils need dispersing through reinsurance, capital markets, and a defined public-private framework.
Aerial view of a historic Korean palace in the foreground with modern skyscrapers of a city skyline behind.
Lotte Non-Life back on market after Shinhan Financial ends acquisition talks — report
July 31 2026
The sellers reportedly sought a valuation higher than KRW1 trillion (US$703m), a key hurdle in the deal negotiations.
Modern city skyline with glass skyscrapers and a street scene at Gangnam Square, overlaid with colorful translucent shapes.
S&P upgrades Samsung Fire & Marine to 'AA' on strengthened capital buffers
July 31 2026
Better pricing and a recovering motor book should improve combined ratio to between 88% and 91% this year.
City construction site with cranes and dug earth, overlaid by colorful data graphs.
Rising guarantee claims keep Construction Guarantee's COR above 100% as AM Best affirms rating
July 28 2026
The ratings agency expects a lag before the cooperative's guarantee business returns to past profitability, even if construction activity recovers.
Busy city street with tall glass buildings and a translucent multicolored chart overlay representing data analytics.
Hanwha General's long-term line's profit falls despite revenue growth: AM Best
July 27 2026
Rising medical claims and competition squeeze margins on the South Korean insurer's long-term book.
Busy multi-lane highway with cars in both directions; foreground shows a dark sedan beside a metal guard rail and tall streetlights, green Korean road signs ahead.
South Korean motor insurers post first H1 loss since 2020 – Reports
July 27 2026
Claims leakage from minor-injury treatment and higher repair costs are adding pressure ahead of a seasonally weaker second half.
koreas-lotte-insurance-on-market-for-us1-5bn-and-drawing-global-interest-reports
Shinhan Financial considers Lotte Non-Life among acquisition targets, CFO says
July 23 2026
The CFO said Shinhan would pursue acquisition opportunities while maintaining capital levels.
Two firefighters in full turnout gear with red helmets and breathing apparatus walk near a fire engine.
Fire at South Korea's Coupang logistics hub raises liability questions — Report
July 22 2026
A reported KRW380bn (approx. US$257m) property policy covering Coupang's Incheon logistics centre is under scrutiny as investigators work to determine liability for the fire.
allianz-shifts-commercial-cyber-portfolio-to-coalition-in-global-partnership
Cyber protection gap widens as awareness outpaces uptake: Munich Re
July 20 2026
Survey shows concern over personal cyber risks is highest in India at 78%, followed by South Korea at 56%.
Financial graph over Seoul cityscape after Fortegra acquisition by DB Insurance.
AM Best keeps DB Insurance at A+ after Fortegra purchase
July 17 2026
The acquisition could weigh on the South Korean insurer's capitalisation but should lift earnings, the ratings agency said.
Seoul cityscape with Han River and Namsan Tower, South Korea, at sunset.
Korea's pension savings insurance cancellations jump 62.7% as savers chase equities — Report
July 16 2026
Surrender payouts and reserve requirements are climbing at both life and non-life insurers, raising questions over whether households are trading long-term protection for short-term liquidity.
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