Samsung Life Insurance appointed Mr Lee Seung-ho, Vice President and Head of the Financial Competitiveness Enhancement Task Force, as President, according to news platform The Chosun Daily.
Korean Reinsurance Company (Korean Re) has announced that it has received regulatory approval to establish a new branch in Gujarat International Finance Tech-City (GIFT City), India's first operational smart city and International Financial Services Centre (IFSC). The company plans to officially commence operations in April 2026.
All life insurers in South Korea will be able to launch products, enabling life insurance policyholders to have access to death benefits early in their retirement, by 2 January 2026, according to the Financial Services Commission (FSC).
The South Korean government has amended the country's employment insurance to include gig and platform workers and extended the eligibility criteria from weekly hours to monthly pay, reported the Chosun Biz.
Samsung Life Insurance has appointed Lee Seung-ho as its new president.
The South Korean government will begin subsidising malpractice insurance premiums for doctors working in critical but increasingly underserved medical specialties, reported the Korea Bizwire.
The Korean insurance regulator has said that if more people cooperate no more paperwork will be necessary to submit insurance claims after a clinic visit.
The country's financial regulator has said that holders of certain types of life insurance will be able to monetize their policies and receive them as pensions to help them cover their later years of life.
South Korean parliamentarians are expected to seek responses about high premiums for flood and windstorm insurance policies from some of the leading non-life insurers according to a report in The Korean Times.
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.