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

Feb 2021

Market Profile

South Korea

Life reinsurance: Fast-paced and lots of opportunities

The life reinsurance market in South Korea has some unique characteristics – which make it interesting for a range of players. In this competitive mix, Pacific Life Re has been a quiet achiever as Messrs Andrew Gill and Phil Hay tell us.

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Association lays out plans to improve life competitiveness

The Korean Life Insurance Association outlined four specific initiatives to help Korea’s life industry enhance its competitiveness, manage regulatory demands and open up new growth opportunities.

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Ageing population is a challenge

South Korea’s ageing population will be a growing financial burden to its insurers in the coming decades.

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A proliferation of digital insurers

Over the last two years, several factors have contributed to a surge of activity in South Korean digital insurance.

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ESG objectives with human-centered stakeholder relationship management

The emergence of the COVID-19 pandemic has provided momentum to emphasise the importance of the UN’s Sustainable Development Goals and the ESG objectives of businesses to increase market trust and value.

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