News Life and Health09 May 2024

South Korea:Protection focus and prudent investments support stable life insurance outlook

| 09 May 2024

Moody's Ratings says that its outlook for South Korea's (Aa2 stable) life insurance industry is stable, reflecting the global credit agency's expectation that growth in contractual service margins (CSM), driven by a focus on protection products, will support capitalisation and profitability, and prudent investment strategies will underpin stable asset quality at life insurers in the next 12-18 months.

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