News Regulations11 Aug 2023

South Korea:Regulators' approach eases transition to K-ICS

| 11 Aug 2023

The insurance industry witnessed a significant improvement in its Korean-Insurance Capital Standards (K-ICS) ratio after the implementation of transitional measures to comply with the standards. At the end of the first quarter of 2023, the K-ICS ratio increased by 13.1ppt to 219% compared to the RBC ratio three months earlier, says Korean Re in a blog citing data from the Financial Supervisory Service (FSS).

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.
CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 
Error : Object reference not set to an instance of an object.

Recent Comments
Other News


Follow Asia Insurance Review