The Chosun Ilbo on MSN
South Korean insurers turn to investments as insurance sales decline and losses mount
The insurance market is facing a tough period as losses accumulate in major products like auto and real-loss insurance, and new subscribers decline, leading to reduced insurance sales revenue.
Although premium hikes for auto insurance and indemnity health insurance are set for 2026, the insurance sector remains pessimistic as modest ...
Selective Insurance faced underwriting losses in 2024, with a combined ratio of 103%, largely due to reserve strengthening in general liability lines. Despite pricing actions across various lines of ...
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