South Korea’s non-life insurers secured a record 39 exclusive sales rights in 2024, led by DB Insurance’s dominance, while life insurers also saw increased exclusivity amid intensified product innovation and regulatory changes.
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Non-Life Insurers Secure Record Number of Exclusive Sales Rights—DB Insurance Dominates
South Korea’s non-life insurers secured a record 39 exclusive sales rights in 2024, led by DB Insurance’s dominance, while life insurers also saw increased exclusivity amid intensified product innovation and regulatory changes.
[2025 Insurance③] Diverging Fortunes for Insurers Amid M&A Wave
South Korea's insurance sector is undergoing a wave of M&A, with major players expanding overseas and consolidating domestically, while failed deals lead to dissolutions and legal disputes.
DB Insurance and Meritz Fire & Marine Insurance are neck-and-neck for South Korea’s No.2 non-life insurer spot, with both posting investment yields above 4% and pursuing aggressive growth strategies, including overseas expansion and major acquisitions.
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DB Insurance and Meritz Fire & Marine Vie for No.2 Spot—Investment Yields in Close Race
DB Insurance and Meritz Fire & Marine Insurance are neck-and-neck for South Korea’s No.2 non-life insurer spot, with both posting investment yields above 4% and pursuing aggressive growth strategies, including overseas expansion and major acquisitions.
'CEO Succession Three Months in Advance'—Insurers Accelerate Governance Reforms
South Korean insurers are accelerating governance reforms, revising CEO succession rules and strengthening board oversight, following regulatory guidance and global best practices.
DB Insurance Introduces Automated Water Leakage Claims Assessment in Collaboration with Startup PecanSoft
DB Insurance has digitized its water leakage claims process through a partnership with startup PecanSoft, boosting efficiency and transparency in claims handling.
[Q3 Insurance Capital] K-ICS Ratio Rises to 211% on Higher Interest Rates—Up 4.2%p
South Korea’s insurance sector saw its K-ICS capital adequacy ratio rise to 211% in Q3, driven by higher interest rates and improved capital positions across major insurers.
DB Insurance Reports 1.2 Trillion Won in Cumulative Net Profit for Q3, Down 24%—Weakness in Long-Term and Auto Insurance
DB Insurance Co. reported a 24% year-on-year drop in cumulative net profit for Q3 2025, as long-term and auto insurance segments underperformed, while investment income rose sharply.
Meritz Fire & Marine and Hyundai Marine & Fire secured three-month exclusive sales rights for new insurance products, intensifying competition in South Korea's non-life insurance sector as DB Insurance maintains its lead in exclusive approvals.
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Meritz Fire & Marine and Hyundai Marine & Fire Secure Three-Month Exclusive Sales Rights
Meritz Fire & Marine and Hyundai Marine & Fire secured three-month exclusive sales rights for new insurance products, intensifying competition in South Korea's non-life insurance sector as DB Insurance maintains its lead in exclusive approvals.
South Korean insurers set a new record for capital securities issuance in 2024, but the pace slowed in the second half as regulatory easing shifted focus to core capital quality and liability management.
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Insurers Set New Annual Record for Capital Securities Issuance—Pace Slows Amid Regulatory Easing
South Korean insurers set a new record for capital securities issuance in 2024, but the pace slowed in the second half as regulatory easing shifted focus to core capital quality and liability management.
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