South Korea

Kakaopay suspends car insurance comparison services: report

The company was said to be operating an unauthorized brokerage service.

Kakaopay suspends car insurance comparison services: report

The company was said to be operating an unauthorized brokerage service.

Korean Re ranks 10th highest in 2020 premium income

The S.Korea reinsurarer’s premiums stood at $7.78b last year.

How South Korea insurers ended a 4-year low of direct written premiums

Insurers registered a 4.1% growth in 2020 for the first time since 2016.

Stable underwriting, investment support DBI Insurance medium-term performance

DBI’s risk-adjusted capitalisation is backed by solid growth of its capital, which reached $5b as of end-2020.

South Korean insurers chided for restrictive COVID-19 vaccine policies

Customers have been giving personal data in exchange for these policies.

South Korean life insurers' interest payment burden rising: report

Their financial performance is diverse but has decayed amidst the prolonged low interest rates.

South Korea to decide on Samsung daughters' life insurance shareholder eligibility

The regulator is expected to rule in their favour, sources revealed.

Major South Korean insurers to stop underwriting new coal projects

The confirmation follows pressure from a network of civic groups.

South Korea regulators to upgrade insurance benefits system

There is still about $11b (KRW12.6t) in unclaimed insurance funds.

Better credit quality ahead for South Korean insurers in 2021

Life insurers saw better profits in 2020, whilst non-lifers saw improved loss ratio.

South Korea's Kakao clinches initial nod for digital non-life licence

The company will be granted full approval within six months once prerequisites are met.