News Regulations13 Jun 2022

South Korea:Authorities allow insurers a buffer to withstand falling local RBC ratios

| 13 Jun 2022

In response to insurance companies' declining risk-based capital (RBC) ratios following interest rate hikes causing an expanded level of losses on the valuation of bonds, the authorities have prepared a measure for providing a buffer to release a portion of surplus that insurance companies may recognise as available capital for calculating RBC ratios, says the Financial Services Commission (FSC) in a statement.

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