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South Korea tag returned 266 results

  • South Korea: Hana Financial Group in discussions to acquire insurer

    Hana Financial Group has embarked on expanding its non-banking affiliates by offering to purchase 70% of The-K Non-Life Insurance shares. Currently, the group is said to be in the process of negotiating the deal with the insurer.

    Asia | 23 Jan 2020
  • South Korea: Insurers to invest more in technology

    Insurance companies in South Korea have said that they plan to introduce new services, incorporating new technologies such as big data and artificial intelligence, in a bid to counter declining profits.

    Asia | 23 Jan 2020
  • South Korea: Five companies jostle for 100% stake in Prudential Life

    Five companies have submitted preliminary bids for Prudential Life, Korea's 11th largest life insurer by assets, according to investment banking sources.

    Asia | 21 Jan 2020
  • South Korea: Property insurers to raise motor premiums to counter losses

    South Korean non-life insurers are raising premiums for their car policies starting this month by an average of 3.5% to offset increasing losses from higher loss ratios.

    Asia | 15 Jan 2020
  • Korea: $330m raised for a new fund targeting local insurers

    Carlyle Group's newly-launched revolving loan fund targeting South Korean insurers has received $330m from Shinhan Alternative Investment Management (SAIM), the country's first private equity fund management firm and a subsidiary of Shinhan Financial Group. By the end of March 2020, SAIM and Carlyle plan to raise additional capital of up to $150m.

    Asia | 09 Jan 2020
  • South Korea: Major banks express interest in acquiring Prudential Life

    After being put up for sale last month, Prudential Life Insurance of Korea has received interest from major banking groups in South Korea looking to acquire a 100% stake in the insurer.

    Asia | 07 Jan 2020
  • South Korea: Insurance costs for panic disorder patients up by 61.5%

    Health insurance costs for Koreans suffering from panic disorder, a common mental condition, jumped by 18.6% annually from KRW31.2bn ($26.87m) in 2014 to KRW61.6bn last year according to a Korea Bizwire report citing latest data analysis released by the National Health Insurance Service (NHIS).

    Agents | 26 Dec 2019
  • South Korea: Insurance costs for panic disorder patients up by 61.5%

    Health insurance costs for Koreans suffering from panic disorder, a common mental condition, jumped by 18.6% annually from KRW31.2bn ($26.87m) in 2014 to KRW61.6bn last year according to a Korea Bizwire report citing latest data analysis released by the National Health Insurance Service (NHIS).

    Asia | 26 Dec 2019
  • South Korea: Regulator calls for insurers to brace for IFRS 17

    South Korea's insurance regulator has urged the country's insurers to strenghten their capital base and align their assets and liabilities in preparation of IFRS 17's implementation on 1 January 2022.

    Asia | 23 Dec 2019
  • South Korea: Silver lining for insurers amid economic cloud

    South Korea has continued to grow at a rate healthier than what most other developed markets have seen in recent years. At the same time, thanks to heightened regulatory focus, industry capitalisation is expected to further improve, says international professional services firm EY in a forecast.

    Asia | 16 Dec 2019


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