News Regulations24 Aug 2022

South Korea:Insurers' buffers expected to feel pinch from new capital standard

| 24 Aug 2022

The implementation of the Korean Insurance Capital Standard (K-ICS) starting 2023 is likely to have a limited impact on insurers' ratings, although the new capital regime, together with IFRS 17, will squeeze their capital buffers, Fitch Ratings says.

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