Read the latest edition of AIR and MEIR as an Interactive e-book

Aug 2020

Country Profile

South Korea

Keeping up with changes and finding long-term solutions

While South Korea’s general insurance industry has remained relatively stable, existing challenges combined with rapid developments in technology and consumer lifestyles coupled with the effects of COVID-19 will require long-term strategies. 

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Forecasting the future, preparing for change

South Korea’s Financial Services Commission has had a busy start to the year.

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Overseas growth provides quality diversification

Korean Re is one of only two Asian reinsurers in the top 10 list of the world’s largest reinsurance groups. And it is benefitting from the scale and ever-widening reach of its reinsurance business. 

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Insurance resilience in post-pandemic Korea

Regulations and realities of a post-COVID-19 world will shape the reinsurance market in Korea.

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An uphill battle for life insurers

The coronavirus pandemic and low interest rates are putting tremendous pressure on life insurers in South Korea. 

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