Country: South Korea Page 9 / 25
-
- July 21 2022
Korean insurers draw coal criticism
Samsung F&M and Hyundai M&F under fire, but Kepco’s decision to exit coal signals change.
-
- July 18 2022
DB Insurance benefits from underwriting improvement: AM Best
The Korean firm's five year average COR is the lowest among its domestic peers.
-
- July 7 2022
Hanwha General’s underwriting measures improve performance: AM Best
Negative impact of its start-up subsidiary Carrot is also expected to decrease.
-
- July 6 2022
Korea’s P&C players benefit from improved underwriting: Fitch
Profitability increased sharply in 2021.
-
- July 4 2022
Korean wind projects worth US$264m GWP to insurers
Construction of 6GW of offshore wind presents risk challenges, but also an opportunity.
-
- June 9 2022
Pressure group reveals insurers of Asian coal plants
Starr, Liberty, Berkshire, Allied and Lloyd’s named as the industry’s ‘last lifeline’.
-
- May 20 2022
South Korea’s non-life players see underwriting profit boost
Net profits rose by 72% in 2021 to a record-high of US$3bn in 2021, according to AM Best.
-
- March 28 2022
South Korea non-life net profits increased 65.2% in 2021
As profits hit US$3.53bn, premiums climbed a more modest 2%.
-
- February 21 2022
Samsung Fire & Marine sees 42.5% profit jump despite underwriting loss
The P&C player made an underwriting loss of US$458m in FY 2021 -- an improvement over FY 2020.
-
- February 7 2022
Korean insurers too slow to quit coal
Samsung F&M and other Korean insurers lag global peers in adopting coal policies.
-
- January 25 2022
South Korea’s digital insurers face tough road ahead
Digital disruption is starting with motor insurance. Deeper market penetration may prove harder.
-
- January 18 2022
Integra signs partnership with major South Korean adjuster
Seoul-headquartered International Adjusters & Surveyors (Iasco) has over 600 staff.
-
- December 24 2021
Korea’s FSC flags health, IFRS 17 as 2022 insurance priorities
The regulator has also introduced measures this year that allow insurers to expand their digital offerings.
-
- December 10 2021
Korean Re’s commercial lines portfolio improves
The reinsurer is also aiming to cut its personal lines business to boost overall profitability.
-
- November 26 2021
South Korea’s non-life insurers see net income jump 62.6%
This uptick was partly attributed to lower motor loss ratios due to the Covid-19 pandemic.
-
- November 18 2021
KB Insurance’s underwriting boosted by fewer claims: AM Best
The firm is South Korea’s fourth-largest non-life insurer with a market share of around 13%.
-
- November 16 2021
Gallagher senior appointments target Asia growth
Thomas Wang and Leng Leng Ng take on leadership roles for North Asia and Singapore.
-
- November 4 2021
South Korea to ease insurance licensing rules: FSC chair
The changes reflect ongoing industry diversification such as platform-based healthcare services.
-
- November 2 2021
Shinhan Financial buys Korea’s BNP Paribas Cardif GI
The move would give Shinhan a full general insurance license.
-
- October 21 2021
BMS expands into Korea with broker buy
The specialist broker has bought M&A and financial lines firm VIB as part of its Asia expansion plans.
