South Korea's regulator, the Financial Services Commission, has announced its plans to ease capital adequacy requirements for insurers under the Korean Insurance Capital Standard (K-ICS).
AIA Life Insurance has signed a memorandum of understanding (MOU) with Kakao Healthcare Corp to collaborate on advancing digital healthcare solutions (DHS).
The Insurance Regulator of Cambodia (IRC) and Korea Insurance Development Institute (KIDI) have jointly signed a memorandum of understanding (MoU) on insurance development between Cambodia and South Korea, a local Cambodian newspaper reported.
South Korea has announced stringent provisions to curb fraud in motor insurance claims and help reduce motor insurance premiums for policyholders.
CreditSights has changed its recommendation of Hanwha Life from Market perform to Underperform. According to the research firm, the recommendation attributable to its spread, which is somewhat tight to the Korean banks, and continued pressure on solvency in the face of future rate cuts.
AIA Life Korea reaffirmed its commitment to supporting the long-term growth of financial service professionals by recognising outstanding insurance agents at the 2025 Million Dollar Round Table (MDRT) Conference.
Called "Kyobo 3 Balance Guarantee Insurance" (non-dividend), the new product covers three major diseases - cancer, cerebrovascular disease and ischemic heart disease.
A new health insurance plan for senior citizens and individuals with pre-existing conditions will be launched in April.
Hwasun County (Governor Gu Bok-gyu) has announced the renewal and implementation of the '2025 County Citizens' Life Safety Insurance,' aimed at assisting residents who have been affected by disasters and safety accidents.
Samsung Life Insurance is likely to incorporate Samsung Fire & Marine Insurance as a subsidiary, according to South Korean daily newspaper Maeil Business Newspaper, as it had unveiled a value-up plan to enhance corporate value for the first time as a listed company.