Yonhap Infomax News4d ago
DB Insurance's first-quarter net profit plunged 39.9% to 268.5 billion won, missing market consensus of 356.5 billion won, as auto insurance segment suffered from high-value accidents and rising loss ratios despite improved solvency indicators
#YonhapInfomax #DBInsurance #NetProfit #AutoInsurance #LossRatio #KICSRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120687
CeceliaApr 14

Welp! My insurance company no longer offers auto insurance in California any longer. I wonder when that changed!

#AutoInsurance #California

Yonhap Infomax NewsMar 25
South Korea's auto insurance sector recorded underwriting losses of 708 billion won in 2024 as the combined ratio rose to 103.7%, exceeding break-even, though investment income of 803.1 billion won kept total profits positive at 95.1 billion won despite an 83.9% decline from the previous year.
#YonhapInfomax #AutoInsurance #LossRatio #UnderwritingLosses #InvestmentIncome #CombinedRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=111943
Auto Insurance Losses Widen on Deteriorating Loss Ratio, Investment Income Remains Profitable

South Korea's auto insurance sector recorded underwriting losses of 708 billion won in 2024 as the combined ratio rose to 103.7%, exceeding break-even, though investment income of 803.1 billion won kept total profits positive at 95.1 billion won despite an 83.9% decline from the previous year.

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Yonhap Infomax NewsMar 24
South Korea's Financial Supervisory Service extends insurance fraud reporting period through October, expanding coverage to auto insurance with rewards up to 50 million won for whistleblowers as part of enhanced crackdown efforts in cooperation with police authorities.
#YonhapInfomax #FinancialSupervisoryService #InsuranceFraud #AutoInsurance #RewardProgram #SpecialReporting #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=111698
FSS Extends Insurance Fraud Reporting Period Through October, Includes Auto Insurance

South Korea's Financial Supervisory Service extends insurance fraud reporting period through October, expanding coverage to auto insurance with rewards up to 50 million won for whistleblowers as part of enhanced crackdown efforts in cooperation with police authorities.

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Yonhap Infomax NewsMar 24
South Korea's major non-life insurers posted an 86.2% auto insurance loss ratio in February, remaining above the 80% break-even threshold despite recent premium hikes, as accumulated losses continue to pressure profitability amid reduced holiday traffic and accident numbers.
#YonhapInfomax #AutoInsurance #LossRatio #NonLifeInsurers #PremiumIncrease #BreakEvenPoint #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=111691
Auto Insurance Loss Ratio Hits 86.2% Last Month, Losses Continue to Mount

South Korea's major non-life insurers posted an 86.2% auto insurance loss ratio in February, remaining above the 80% break-even threshold despite recent premium hikes, as accumulated losses continue to pressure profitability amid reduced holiday traffic and accident numbers.

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Global News CanadaMar 11
Privacy watchdog ‘monitoring’ U.S. auto insurance phone tracking lawsuit
The office of Canada's privacy commissioner says it is 'monitoring' a proposed U.S. class-action lawsuit in which some auto insurers are facing allegations of misusing driver data.
#Canada #Consumer #Tech #USNews
https://globalnews.ca/news/11719462/auto-insurance-lawsuit-data-collection/
Global NewsMar 11
Privacy watchdog ‘monitoring’ U.S. auto insurance phone tracking lawsuit
The office of Canada's privacy commissioner says it is 'monitoring' a proposed U.S. class-action lawsuit in which some auto insurers are facing allegations of misusing driver data.
#Canada #Consumer #Tech #USNews
https://globalnews.ca/news/11719462/auto-insurance-lawsuit-data-collection/
Global News NationalMar 11
Privacy watchdog ‘monitoring’ U.S. auto insurance phone tracking lawsuit
The office of Canada's privacy commissioner says it is 'monitoring' a proposed U.S. class-action lawsuit in which some auto insurers are facing allegations of misusing driver data.
#Canada #Consumer #Tech #USNews
https://globalnews.ca/news/11719462/auto-insurance-lawsuit-data-collection/
Yonhap Infomax NewsFeb 24
South Korea’s five leading non-life insurers saw their auto insurance loss ratio surge to 88.5% in January, up 6.7 percentage points year-on-year, prompting premium hikes amid rising claims and costs.
#YonhapInfomax #AutoInsurance #LossRatio #SamsungFireAndMarine #PremiumIncrease #ClaimsGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=106487
Auto Insurance Loss Ratio Rises to 88.5% in January—Up 6.7 Percentage Points Year-on-Year

South Korea’s five leading non-life insurers saw their auto insurance loss ratio surge to 88.5% in January, up 6.7 percentage points year-on-year, prompting premium hikes amid rising claims and costs.

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Yonhap Infomax NewsFeb 24
South Korea's top non-life insurers saw net profit fall 11% in 2023, as strong investment gains were outweighed by steep losses in long-term and auto insurance segments.
#YonhapInfomax #NonLifeInsurers #NetProfit #InvestmentIncome #AutoInsurance #LossRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=106410
Despite Investment Gains, South Korean Non-Life Insurers Hampered by Long-Term and Auto Insurance Losses

South Korea's top non-life insurers saw net profit fall 11% in 2023, as strong investment gains were outweighed by steep losses in long-term and auto insurance segments.

Yonhap Infomax