Magazine

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

Jun 2025

Market Profile


South Korea

Regulators supercharge insurance market growth in rapidly ageing society

Increased life expectancy, declining birth rates and a super-aged population have coalesced into a serious issue in South Korea. Authorities are addressing the situation through regulations and measures to extend high-coverage indemnity insurance, curbing non-essential medical treatment, expand long-term care insurance for the elderly and revamping pension plans.
 

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Reinsurance brokers turn to national resilience business

As market needs evolve, reinsurance brokers in South Korea are diversifying their portfolios and developing expertise in order to stay ahead. One area that brokers have begun tapping into is policy-driven insurance pushed by national resilience planning
 

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Life insurers in South Korea to stay firm on resilient underwriting and investment results

The outlook for South Korea’s life insurance sector remains stable, driven by strong profitability and consistent asset quality. Although stricter capital regulations are expected to pressure regulatory solvency ratios in the short term, they are set to deliver long-term advantages by improving risk assessment and management frameworks, as well as boosting the quality of capital. 
 

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Delivering global specialty expertise in the Korean market

Reinsurance broker Miller has expanded its footprint in Asia with the launch of Miller Korea and discussed their plans and strategies for the market.
 

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