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News
South Korea warns of improper whole life insurance sales pitched as investments
4+ mon, 3+ week ago (13+ words) CHOSUNBIZ Chosunbiz...
FSS flags Shinhan Life and KB Partners for poor variable insurance sales
5+ mon, 2+ week ago (12+ words) 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…...
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…...
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…...
Samsung Life Insurance surges to year high amid Dunamu stake talks
7+ mon, 4+ week ago (12+ words) CHOSUNBIZ Chosunbiz...