IAIS Special – FSS of Korea boosts market supervision to give consumers more protection
Source: Asia Insurance Review | Sep 2011
This year marks a pivotal time for Korea’s insurance industry as the Financial Supervisory Service (FSS) implements the RBC framework and brings Korea’s accounting regime in line with the IFRS while stepping up the supervision of selling practices to ensure greater consumer protection. As the host of this year’s IAIS Annual Conference in Seoul, FSS Governor Kwon Hyouk-Se tells us about the various regulations implemented and his outlook on the local insurance industry.
By Manuelita Contreras
Archived articles are available to Magazine subscribers only.
For Full Access to
the magazine
SUBSCRIBE here.