News Non-Life21 Apr 2026

Korea:FSS refunds US$920K in unfair auto insurance premiums to fraud victims

| 21 Apr 2026

The Financial Supervisory Service announced that, together with the Korea Insurance Development Institute and non-life insurers, refunded KRW1.36bn ($1.0m) in improperly inflated motor insurance premiums to 2,289 victims of auto insurance fraud last year, reported Yonhap news.

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