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

Feb 2022

Market Profile

South Korea

K-ICS: The new regulatory regime for South Korea

We spoke to the Financial Supervisory Service’s Mr Cho Young Ik to get an overview of the most significant regulatory changes to affect the market in the past year.

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Life insurance reliance on health

The Korean insurance industry has not been unduly impacted by the pandemic. Yet, to remain in good health and be able to respond better to the post-pandemic environment, it needs to innovate.

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Pushing towards a digital reality

We find out how Korean insurers have weathered a tough year from General Insurance Association of Korea’s Mr Jong-Hyuk Shin.

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Critical illnesses are being managed better

The critical illness insurance needs of South Korea are evolving rapidly with the country’s changing demographic and lifestyle landscapes.

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Staying resilient in a tough environment

South Korea’s reinsurance industry continues to remain strong and resilient in the midst of the many challenges facing the sector over the past year.

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Listed insurers on course for continued growth

With their consistent performance in the first nine months of 2021, the 11 Korean listed insurance companies are on track to deliver continued growth in premiums and profitability for the full year.

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