South Korea: Finding growth in new risks, new opportunities
Source: Asia Insurance Review | Jul 2015
The prolonged economic recession, falling interest rates and the recent MERS outbreak in the country are casting a gloom over South Korea’s insurance industry’s outlook. While acknowledging that the going is tough, insurers are still optimistic. They are finding growth in new risks such as cyber liability, online motor as well as new opportunities such as going overseas to new emerging markets. So the adage applies here – when the going gets tough, the tough get going.
By Gregory Taylor, AIR Correspondent, Northeast Asia