Carrot General Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/carrot-general-insurance/ Mon, 05 Aug 2024 10:36:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 South Korean digital carrier Carrot gets exclusive rights to use behavioural-based motor insurance https://insuranceasianews.com/south-korean-digital-carrier-carrot-gets-exclusive-rights-to-use-behavioral-based-motor/ Mon, 05 Aug 2024 04:00:03 +0000 https://insuranceasianews.com/?p=159761 Motor insurance, sold by 12 general insurers in Korea, is typically standardised with minimal differentiation, and therefore, exclusive rights are rare.

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Hanwha Group-backed South Korean non-life insurer Carrot has acquired the exclusive right to use behavioural-based motor insurance (BBI) for six months from the General Insurance Association of Korea,...

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]]> Hanwha’s ratings affirmed as capital pressures ease due to IFRS 17 and KI-ICS: AM Best https://insuranceasianews.com/hanwhas-ratings-affirmed-as-capital-pressures-ease-due-to-ifrs-17-and-ki-ics-am-best/ Sun, 09 Jul 2023 22:22:52 +0000 https://insuranceasianews.com/?p=129018 The negative impact of Carrot on the carrier's consolidated results will decrease gradually as the digital insurer continues to build economies of scale.

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Korean insurer Hanwha General Insurance (HGI) will see pressures on its reported capital ease under the new accounting and solvency regimes (IFRS 17 and K-ICS), according to AM Best.
The company faced...

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The post Hanwha’s ratings affirmed as capital pressures ease due to IFRS 17 and KI-ICS: AM Best appeared first on InsuranceAsia News.

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