Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Feb 2019

Country Profile


South Korea

Finding new ways to grow

Combined with changes to regulations and accounting standards, life insurers are expected to see a decrease in revenue from insurance premiums and increased operating costs. We speak to the Korean Life Insurance Association (KLIA) to see how the industry will react.
 

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A new paradigm for the industry

The general insurance industry in Korea is facing some regulatory pressures yet the General Insurance Association of Korea maintains an optimistic outlook.
 

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Building a better mousetrap

We speak to RGA Korea CEO Michael Shin about the outlook for Korean reinsurers and the changes that the market may see in the coming year.
 


Looking to strike big with 'small ticket' items

Smallticket, a Seoul-based InsurTech start-up looking to provide a fresh experience for the younger generation of insurance users in Korea, provides insights into the burgeoning InsurTech scene.
 

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Insurers seek cross-industry collaboration

Lately, Korean insurance companies have been seeking new business sectors to explore, especially with the continued saturation of the domestic insurance market. AIA Life Korea’s Young Jun Kim reports.
 

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