News Reinsurance16 Dec 2024

Korean Re's dominant market position expected to be unchallenged over medium term

| 16 Dec 2024

Korean Reinsurance Company (KRE), as the dominant and only local reinsurer in South Korea, was ranked as the sixth-largest IFRS 17 reporting reinsurer in the global reinsurance market in terms of gross insurance service revenue (ISR) in 2023, supported by a strong domestic market base and growing overseas business, notes AM Best.

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