South Korean insurers' RBC ratio falls to 256% in Q1 2021

The decline came as a hike in bond yields incurred valuation losses from bond investments.

The risk-based capital (RBC) ratio of South Korean insurers fell for the second consecutive quarter by 19 percentage points to 256% in Q1 2021, reports Yonhap News Agency.

According to the country’s Financial Supervisory Service (FSS), the RBC ratio decline came as a hike in bond yields incurred valuation losses from their bond investments.

Local insurers are required to maintain the ratio at 100% or above, but they are advised to have ratios of at least 150%.

Insurance firms in South Korea are required to gradually increase their capital reserves to better cope with new global accounting standards for insurers, which are set to go into effect in 2022.

Follow the link for more news on

South Korea

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

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!

I want to download the media kit