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South Korea - Non-life: When change is the only way forward

Source: Asia Insurance Review | Jul 2015

With interest rates at an-all time low, sluggish economic growth and changes in demographics signalling profound changes in demand, Korean general insurers are ramping up their allocation to alternative investments and will need to look toward new opportunities to sustain growth, Mr Chang Nam-sik, Chairman and CEO of the General Insurance Association of Korea (GIAK) told Asia Insurance Review.

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