Archive

Fitch welcomes solvency rule reforms in South Korea

The FSS has flagged numerous amendments to insurance rules by mid-2025

South Korean insurers' net earnings rose 3% in H1, all thanks to non-life firms

Do not expect 46% profits growth from South Koreans again in 2024, Fitch cautions

But growth in CSM release will support earnings of industry, ratings agency says

South Korean insurers' solvency ratios improve under transitional measures

The regulatory capital the industry required under KIC-S rules decreased by KRW 4.1trn

Wildfires and typhoons send South Koreans' foreign business into the red

South Korea's insurers grew net income by 46% during 2023, latest figures show

Rising interest rates hit South Korean insurers' capital ratios

The sector was also affected by higher capital requirements

Korean insurers' solvency ratios drop in Q4 2019

Latest ratio is the lowest quarterly figure in 2019

South Korean life insurers post $2.8bn H1 income

An increase of 6.7% compared to the same period 12 months ago

South Korean life insurers' earnings drop 25%

Sector's losses mainly from policy surrenders