ABL Life Insurance has introduced a new trust-linked whole life insurance product geared to giving policyholders more flexibility in managing and distributing insurance benefits.
Hanwha Life Insurance is targeting the super-rich by focussing on wealth succession and setting up a family office centre in Gangnam, Seoul, to provide one-stop financial butler consulting, linking insurance, securities, and asset management functions.
In an effort to help reduce country's medical burden and improve access to healthcare the Korean Federation of Community Credit Cooperatives (KFCCC) and its affiliated foundation will fully cover insurance premiums for 477 underprivileged children and adolescents across the country.
South Korea's second largest non-life insurer DB Insurance will acquire 100% of the outstanding shares of the US based specialty insurer The Fortegra Group for KRW2.3tn ($1.65bn).
The government has doubled the maximum deposit insurance payout to KRW100m ($71,400) from 1 September 2025, against the KRW50m limit set in 2001.
South Korean insurer KB Sonbo Insurance Company will soon launch a traditional market weather damage compensation insurance cover according to an exclusive news report by https://www.chosun.com.
Hanwha Life is offering customers a way to manage their life insurance policies after death, with a new trust product for policy claim rights.
Analysis of data from National Health Insurance Service (NHIS) of South Korea reveals that in 2024 the number of people diagnosed with depression surged to a record high of over 1.1m.
Over 950,000 South Korean citizens have not paid their health insurance premiums for over a year now according to the National Health Insurance Service (NHIS) and the National Assembly of South Korea.
Hanwha Life has launched an artificial intelligence (AI)-powered cancer insurance product in collaboration with global healthcare firm Need, said the Korean insurer.