Country Profile - South Korea: The Non-Life Sector - Falling Globally, Growing Locally
Source: Asia Insurance Review | Oct 2008
The South Korean non-life sector fell one notch to being the world’s 10th largest non-life insurance market last year. Yet it delivered a strong premium growth – surging by 12.4%. The “big five” keep their foothold in the market as they are poised to broaden their clout with reforms that the Government is set to usher in to push them into the global arena. Our Journalist, Ms Manuelita Contreras, presents an update on the market.
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