Latest insurance news from insurers and regulators of South Korea. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news.
Fitch Ratingsâ assessment of the company profiles of its rated Korean life insurers takes into consideration the insurersâ operating scale, franchise value, business risk profiles
Hanwha Life has completed the acquisition of a 75% stake in New York-based financial services firm Velocity Clearing, marking a strategic expansion into U.S. capital markets
Coupang announces â©1.69trn ($1.17bn) compensation plan for 34mn users affected by a major data breach, offering purchase vouchers from Jan. 15
Lotte Himart, electronic goods retailers in South Korea, has partnered with international insurtech bolttech to launch the countryâs first-ever home appliance
South Koreaâs largest retailer says a former employee accessed internal systems, exposing data of 33.7 mn customers in the countryâs worst cyber breach
Tiptree holders approve DB Insuranceâs $1.65 bn Fortegra acquisition, giving the Korean carrier a US P&C platform and broader specialty reach
Upbit again absorbs losses after a $36mn Solana hot-wallet hack, showing how self-insurance works – and where it can break under stress
Hanwha Life welcomes 30 top Vietnamese FinTech students to South Korea for a five-day FuturePlus training program focused on AI, InsurTech, and innovation
The estimated insurance losses from the unexpectedly severe floods in South Korea will place pressure on the financial performance of the countryâs non-life insurers
Samsung Fire & Marine Insurance (SFMI) has agreed to invest an additional $570 mn in London-based Lloydâs underwriter Canopius, acquiring a further 21% equity stake
Insurtech AIFT and Shin Kong Life Insurance have signed a cooperation agreement to expand into Vietnamâs digital insurance sector
Fitch Ratings asserts that Korean insurers are equipped to handle decreased valuations in their international commercial real estate (CRE) investments
Re/insurance broker Miller has strengthened its presence in Asia by launching Miller Korea, focusing on delivering global specialty expertise to the Korean market
South Korea weighs health incentives for older adults while countries like Singapore, Japan, Germany and the Netherlands already reward healthy aging
Jeju Air’s insurance policy, covering the crash of its commercial jet in South Korea on Dec. 29, provides up to $1 bn in per-event coverage
Hanwha Life Insurance plans to acquire a 75% stake in the parent company of Velocity Clearing. This move provides the South Korean life insurer with a foothold in the U.S.
Insurtech Carrot General Insurance has partnered with Lippo General Insurance, Indonesia to develop a Behaviour Based Insurance solution.
The implementation of the Korean Insurance Capital Standard (K-ICS) will continue to reshape Korean insurersâ operational strategy
South Korean digital insurance carrier Carrot General Insurance has secured a fresh funding of $25 million. Led by private equity firm Affirma Capital
