, Korea
/Ethan Brooke from Pexels

Korea’s life insurance sector jumps 49% YoY year-to-date

It accumulated a total of $3.3b in net income.

The income of Korea’s life insurance sector jumped 49.4% to W4.40t ($3.3b) in the six months to September, data from the Korea Life Insurance Association showed.

To compare, the period’s profits were higher than August’s W3.83t ($2.9b) and last year’s W2.94t ($2.2b).

ALSO READ: South Korea’s life insurance industry to exceed $190b by 2027: GlobalData

Meanwhile, the total assets of Korean life insurers fell 11.3% to W831.37t ($630b).

The period also saw its insurance income reach W23.52t ($1.8b) whilst its investment income accumulated W45.87t (3.5b).

(W1.00 = $0.00076)

 

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.