South Korea's financial authorities are set to mobilise all available policy finance institutions to ensure that regional businesses and households can access funding at lower interest rates and higher loan limits, according to South Korea's ChosunBiz.
1,300 participants from 175 companies across 27 countries gathered at the Grand InterContinental Seoul Parnas in Gangnam, Seoul from June 10 to 11 to discuss how artificial intelligence, cyber risk, and mobility innovation are reshaping the future of insurance. Participants assessed how the insurance sector must adapt to rapidly evolving technologies and interconnected risks that are redefining traditional underwriting and claims approaches.
South Korean insurers denied payouts in 85.8% of all insurance-related damage relief filings received during 2025, according to an analysis released recently by the Korea Consumer Agency.
South Korea's financial regulator announced on 4 June that it is looking to establish an insurance fraud prevention system in 2026, leveraging artificial intelligence (AI).
Climatic conditions this year suggest that conditions are conducive to the formation of typhoons in the Northwest Pacific, which are more likely to hit Japan, the Greater China region or South Korea.
DB Insurance has announced the completion of its $1.65bn all-cash purchase of US specialty insurer the Fortegra Group from Tiptree and Warburg Pincus.
Called "KB Just Right 0540 Health Insurance (Non-Participating)", it is a comprehensive health insurance plan designed to cover health risks that occur from childhood through adulthood.
The Financial Services Commission (FSC), South Korea's financial regulator, has conditionally approved Lotte Insurance's management improvement plan. Reports from South Korean media say this was approved at the FSC's regular meeting on 27 May. The move allows the insurer to proceed with a structured turnaround programme over the next 18 months.
Insurance companies in South Korea generated KRW4.48tn ($3bn) in net income for the first quarter of 2026, up by KRW389.6bn or 9.5% from the corresponding quarter a year earlier, according to preliminary data released by the Financial Supervisory Service (FSS).
On 22 May, DB Insurance announced that it is set to finalise its acquisition of U.S.-based specialty insurer Fortegra, with the deal for a 100% stake expected to close on 30 May.