South Korea’s big three general insurers post 50% profit jump
Insurers under pressure from government to lower premium rates, nevertheless post impressive results
-
-
Hyundai Marine & Fire Insurance slashes motor premiums
Firm follows competitors in lowering rates amid government pressure to reduce financial burden on policyholders
-
South Korean general insurers expect stronger performance for 2017
Higher interest rates and better market conditions cause of optimism among industry players
-
South Korea to base motor insurance premiums on fault
Drivers more at fault for accidents to pay higher motor insurance premiums
-
A.M. Best downgrades outlook on South Korean insurance giant
The country’s largest non-life insurer goes from stable to negative
-
Hyundai Marine & Fire receives ratings downgrade from A.M. Best
Market’s largest general insurer has ratings dip from “stable” to “negative”
-
Motor and indemnity medical insurance premiums to face tighter regulation
New government to intensify price control on insurance premiums that are “closely related to people’s livelihoods”
-
Niche insurance products are becoming popular in Korea
Insurers are coming up with policies to suit just about anyone’s needs, including golfers, pet owners, and hikers
-
Hyundai Insurance gets new AM Best rating
Large credit risk remains but there are positives in the future