The Financial Services Commission (FSC) has introduced a roadmap to bring about improvements to IT network security in the financial services industry, the regulator says in a statement.
Kyobo Life Insurance has announced that the Kyobo Life Cup Youth Athletic Competition, a nationwide sports event for young athletes, has completed its 21-day run early this month.
The results of Hyundai Marine & Fire Insurance Co's (HMF) long-term insurance lines are expected to improve from premium rate increases and the company's efforts to improve the medical indemnity loss ratio trend, while both auto and general lines remain relatively stable, said AM Best.
Korean insurers are expected to adopt a more proactive approach to managing asset allocation, although their current investment mixes are unlikely to change markedly, says Fitch Ratings.
In 2018, typhoons Jebi and Cimarron "toppled over several turbines in Japan", according to an article published by Swiss Re, Climate Change and Wind Power: The Winds of Change.
The Financial Services Commission (FSC) has announced that the Act on the Protection of Virtual Asset Users, aimed at establishing sound order in the virtual asset market and ensuring protection for users, would take effect from today (19 July).
The financial authorities in South Korea are working on policy frameworks for future finance, based on systematic analyses intended to minimise risks and seek opportunities for growth over the medium to long term, according to the Financial Services Commission (FSC) vice chairman Kim Soyoung.
Reinsurance Group of America (RGA), a leading global life and health reinsurer, today announced it has reached an agreement with Tongyang Life Insurance Company for an RGA subsidiary to reinsure a KRW200bn ($144.35m) in-force block of life policies through coinsurance.
AIA Korea has announced that the Seoul-based life insurer would come up with a new series of video clips about its marketing campaign of inviting influencers and agents to the Premier League.
Korean insurers are expected to sustain their profitability through continued growth in new contractual service margin (CSM), says Fitch Ratings.