News Non-Life20 May 2022

South Korea:Improved underwriting & steady investment income lead to record profits in non-life sector

| 20 May 2022

The net profits of South Korea's non-life insurance industry soared by 72% year on year in 2021 to a record-high of KRW3.7tn ($3.0bn), thanks to markedly improved underwriting performance, especially in the automobile insurance line, notes AM Best.

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