South Korean insurers are accelerating product innovation and differentiation in 2026, intensifying competition for exclusive rights and expanding offerings in health and dollar-denominated insurance to boost market share and profitability under IFRS 17.
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Insurers Boost Core Competitiveness, Accelerate Product Differentiation in New Year
South Korean insurers are accelerating product innovation and differentiation in 2026, intensifying competition for exclusive rights and expanding offerings in health and dollar-denominated insurance to boost market share and profitability under IFRS 17.
South Korea’s life insurers are intensifying competition for exclusive product sales rights as the maximum protection period is extended, with Hanwha Life Insurance leading the sector by securing six exclusive rights this year, far outpacing its rivals.
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Life Insurers Intensify Year-End Race for Exclusive Sales Rights—Hanwha Life Leads the Pack
South Korea’s life insurers are intensifying competition for exclusive product sales rights as the maximum protection period is extended, with Hanwha Life Insurance leading the sector by securing six exclusive rights this year, far outpacing its rivals.
Exclusive Rights Extension Spurs Surge in Insurance Companies’ Patent Applications
South Korean insurers are accelerating applications for exclusive usage rights after the monopoly period was extended to 18 months, intensifying competition for innovative products amid a challenging market environment.
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.
Hana Insurance has secured a six-month exclusive right for a new insurance benefit offering in-home cognitive training to policyholders diagnosed with mild cognitive impairment, aiming to delay dementia progression and reduce social costs as South Korea’s elderly population grows.
#YonhapInfomax #HanaInsurance #CognitiveTraining #MildCognitiveImpairment #DementiaCare #ExclusiveUsageRights #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=76456
Hana Insurance Secures Six-Month Exclusive Rights for Pre-Dementia 'In-Home Cognitive Training'
Hana Insurance has secured a six-month exclusive right for a new insurance benefit offering in-home cognitive training to policyholders diagnosed with mild cognitive impairment, aiming to delay dementia progression and reduce social costs as South Korea’s elderly population grows.
Heungkuk Fire & Marine Insurance Opens Race for Exclusive Product Rights in H2—Shinhan Life Also Joins the Fray
Heungkuk Fire & Marine Insurance and Shinhan Life Insurance are leading South Korea's race for exclusive insurance product rights in H2, introducing industry-first innovations and seeking regulatory extensions.
South Korea’s non-life insurers are intensifying competition as the exclusive usage rights period for new products is set to be extended to up to 18 months, with 20 out of 23 applications approved in H1 and further growth expected in H2.
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Exclusive Usage Rights Period Extended—Non-Life Insurers Set for Heated Competition in H2
South Korea’s non-life insurers are intensifying competition as the exclusive usage rights period for new products is set to be extended to up to 18 months, with 20 out of 23 applications approved in H1 and further growth expected in H2.
South Korea's non-life insurers are aggressively securing exclusive usage rights for innovative products, widening the gap with life insurers, as DB Insurance leads the sector and regulatory changes are set to extend protection periods.
#YonhapInfomax #ExclusiveUsageRights #DBInsurance #NonLifeInsurers #LifeInsurers #InsuranceInnovation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=65523
Non-Life Insurers Intensify Exclusive Rights Competition—Widening Gap with Quiet Life Insurers
South Korea's non-life insurers are aggressively securing exclusive usage rights for innovative products, widening the gap with life insurers, as DB Insurance leads the sector and regulatory changes are set to extend protection periods.
Hanwha General Insurance, Top Exclusive Rights Holder Last Year, Faces Setback This Year
Hanwha General Insurance, leading in exclusive rights last year, faces rejection for new auto insurance feature, highlighting shift in product innovation landscape
From Exclusive Usage Rights to Unique Insurance Products - Insurance Industry Competes for Differentiation
Insurance companies in South Korea are differentiating themselves through exclusive usage rights and unique products, including specialized coverage for cancer outpatients and pet care, amid intense market competition.
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