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.
Aon has appointed Mr Bonjay Koo as enterprise client leader, APAC in South Korea. In his new role, he will be responsible for the delivery of integrated risk capital and human capital solutions to Aon's enterprise and large multinational clients across South Korea.
After a 40-year absence, the Pacific Insurance Conference (PIC) is making its highly anticipated return to Korea in 2025, marking a significant milestone for the Asian insurance industry. RGA Korea CEO and RGA Asia Pacific chief marketing officer Michael Shin, president of the Asia Insurance Leadership Forum (AILF) organising this year's PIC, spoke about what makes this year's conference particularly special.
To reduce the financial strain on retirees, the South Korean government is considering allowing insurance policyholders to tap death benefits while still alive, turning payouts once reserved for heirs into retirement income, reported the Korea Herald.
More than 70% of the automobile repair workshops in South Korea participating in a new survey have reported that the country's insurers have started unilateral reductions in repair bills.
The South Korean government is promoting a new policy called first-time youth national pension by supporting three months of insurance premiums for youth turning 18 years old when they first enrol in the national pension.