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South Korea tag returned 146 results

  • Korea: Life insurers urged to address unmet needs of consumers

    While Korea ranks second in Asia for insurance penetration, there are still plenty of unmet needs for life insurance coverage which the industry has to address to remain sustainable into the future.

    Asia | 18 Oct 2018
  • Insurance and the 4th industrial revolution - a brave new world

    Asia Insurance Review's special summit on Industrial Revolution 4.0 and its impact on insurance got off to a rousing start in Seoul yesterday, where speakers delivered a balanced perspective of how the industry can capitalise on the technological, economic and social disruptions that are happening as the world enters its fourth major industrial era since the original industrial revolution of the 18th century. With a world being shaped by a fusion of technologies and the blurring of lines between the physical and digital spheres, the message on the first day of the conference was for the industry to keep an open mind and seize on opportunities to enhance its value proposition.

    Asia | 17 Oct 2018
  • South Korea: Insurers' risk-based capital ratio improves in 2Q

    Insurers in South Korea saw their risk-based capital ratio rise in the second quarter, thanks to a modest gain in profits and investment income, according to data from the Financial Supervisory Service (FSS).

    Asia | 16 Oct 2018
  • South Korea: Combined profits of reinsurers fall in 1H

    Reinsurance companies in South Korea saw their combined profit slip by 13.8% year-on-year in the first half of this year, hit by losses from accidents at home and abroad.

    Asia | 03 Oct 2018
  • Blockchain & new tech to dazzle at Insurance Summit on IR4.0 in Seoul

    In an exciting development which will make South Korea a key force for blockchain technology, the network ICON has sealed a strategic partnership with major insurer Kyobo Life to develop blockchain-based services.

    Agents | 18 Sep 2018
  • South Korea: Life insurers see plunge in new business in 1H

    Life insurers in South Korea wrote KRW153trn ($136bn) worth of new insurance contracts in the first half of this year, down 11% from the corresponding period a year ago, according to the Korea Life Insurance Association (KLIA).

    Asia | 13 Sep 2018
  • South Korea: Blockchain & new tech to dazzle at Insurance Summit on IR4.0 in Seoul

    In an exciting development which will make South Korea a key force for blockchain technology, the network ICON has sealed a strategic partnership with major insurer Kyobo Life to develop blockchain-based services.

    Asia | 12 Sep 2018
  • South Korea: Govt tightens national health insurance rules for foreigners

    The Health Ministry is pushing a proposal that would restrict Korean National Health Insurance coverage for foreign nationals to those who have stayed in the country for at least six months. The current requirement is three months.

    Asia | 31 Aug 2018
  • South Korea: Non-life sector posts 17% fall in 1H2018 profits

    South Korea's non-life insurers saw their combined net profit fall by 17% during the January to June period this year compared to the previous year, hit by the increased losses in insurance operations, in particular, in motor insurance.

    Asia | 29 Aug 2018
  • South Korea: Combined net profit of life companies rises by 7% in 1H

    The combined net profit of life insurers in South Korea rose by 6.7% year on year for the first half of this year, boosted by higher investment returns, government data show.

    Asia | 23 Aug 2018


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