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News
IFRS 17 shifts Korea life insurers from savings to protection as sales cool
6+ mon, 2+ week ago (416+ words) CHOSUNBIZ Chosunbiz IFRS 17 shifts Korea life insurers from savings to protection as sales cool Insurers pivot to health coverage as whole-life fades and savings contracts shrink under new rules Growth in whole life policies and savings-type policies, the flagship products…...
South Korea warns of improper whole life insurance sales pitched as investments
4+ mon, 3+ week ago (13+ words) CHOSUNBIZ Chosunbiz...
Samsung Life Insurance stokes self-contract incentives, raising arbitrage risk in Korea
5+ mon, 3+ week ago (327+ words) Insurer's regional push for self-enrollment perks draws scrutiny over churn and watchdog concerns Samsung Life Insurance is running a "self-contract incentive (施策)" marketing campaign for some health insurance products. If an insurance planner signs up for the product under the…...
Samsung Life Insurance surges to year high amid Dunamu stake talks
7+ mon, 4+ week ago (12+ words) CHOSUNBIZ Chosunbiz...
FSS flags Shinhan Life and KB Partners for poor variable insurance sales
5+ mon, 2+ week ago (12+ words) Chosunbiz...
FSC orders Lotte Insurance to submit capital-boost plan within two months
6+ mon, 1+ week ago (298+ words) CHOSUNBIZ Chosunbiz FSC orders Lotte Insurance to submit capital-boost plan within two months The Financial Services Commission approved a measure to demand management improvement for Lotte Non-Life Insurance at a regular meeting on the 4th. It is an upgraded measure from…...