Yonhap Infomax NewsApr 14
South Korean insurers' equity capital surged past 70 trillion won for the first time as rising market interest rates reduced liability valuations under IFRS 17, with life insurers seeing capital increase by over 14 trillion won in January alone amid continued rate hikes through Q1.
#YonhapInfomax #InsurersEquityCapital #MarketInterestRates #IFRS17 #OtherComprehensiveIncome #CapitalAdequacy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=115292
Insurers' Equity Surges as Rising Rates Ease Debt Burden

South Korean insurers' equity capital surged past 70 trillion won for the first time as rising market interest rates reduced liability valuations under IFRS 17, with life insurers seeing capital increase by over 14 trillion won in January alone amid continued rate hikes through Q1.

Yonhap Infomax
Yonhap Infomax NewsApr 1
Heungkuk Life and Heungkuk Fire & Marine Insurance achieve record earnings through structural reforms centered on CSM expansion and profitability-focused strategies, defying industry-wide performance decline under IFRS 17 regime with improved solvency ratios and asset management returns.
#YonhapInfomax #HeungkukLife #IFRS17 #ContractualServiceMargin #KICSRatio #InsuranceIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=113112
Heungkuk Life, Fire & Marine Stand Out With Structural Reforms Amid Industry-Wide Earnings Decline

Heungkuk Life and Heungkuk Fire & Marine Insurance achieve record earnings through structural reforms centered on CSM expansion and profitability-focused strategies, defying industry-wide performance decline under IFRS 17 regime with improved solvency ratios and asset management returns.

Yonhap Infomax
Kontak RecruitmentMar 23

Finance Manager (Short-Term Insurance) (JB5973)
Sandton, Gauteng
R600 000.00 to R800 000.00 per annum CTC

#ShortTermIns #IFRS17 #SAM #SCR #ORSA #PrudentialAuthority #RegulatoryReporting #Solvency #CapitalManagement #Actuarial

Apply: https://bit.ly/FinanceManagerJB5973

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Yonhap Infomax NewsMar 13
South Korean insurers prioritize CEO reappointments and fundamental strengthening amid Middle East uncertainty, regulatory pressures, and market volatility, as authorities intensify scrutiny of actuarial practices and profitability metrics following IFRS17 implementation controversies.
#YonhapInfomax #InsuranceIndustry #CeoReappointment #KICS #IFRS17 #FinancialSoundness #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=109711
[Lee Yun-gu's Free Kicks] Insurance Industry Needs to Focus on 'Fundamentals' Now

South Korean insurers prioritize CEO reappointments and fundamental strengthening amid Middle East uncertainty, regulatory pressures, and market volatility, as authorities intensify scrutiny of actuarial practices and profitability metrics following IFRS17 implementation controversies.

Yonhap Infomax
Yonhap Infomax NewsJan 22
South Korean insurers are ramping up their two-track strategy by strengthening both general agency and exclusive agent channels to boost sales of long-term protection-type insurance, aiming to drive Contractual Service Margin (CSM) growth amid regulatory changes.
#YonhapInfomax
#ProtectionInsurance #GeneralAgency #ExclusiveAgent #ContractualServiceMargin #IFRS17
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101640
Protection-Focused Insurers Bolster 'Two-Track Strategy' with GA and Exclusive Channels

South Korean insurers are ramping up their two-track strategy by strengthening both general agency and exclusive agent channels to boost sales of long-term protection-type insurance, aiming to drive Contractual Service Margin (CSM) growth amid regulatory changes.

Yonhap Infomax
Yonhap Infomax NewsJan 21
South Korea’s insurance associations are stepping up recruitment of lawyers and accountants to address stricter financial soundness and legal compliance requirements following the adoption of IFRS 17 and new capital regulations, reflecting rising demand for professional expertise in the sector.
#YonhapInfomax #InsuranceAssociations #IFRS17 #FinancialSoundness #KICS #LegalCompliance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101180
[Insurance Company Tidbits]Insurance Associations Seek Professionals as Demand for Financial and Legal Expertise Rises

South Korea’s insurance associations are stepping up recruitment of lawyers and accountants to address stricter financial soundness and legal compliance requirements following the adoption of IFRS 17 and new capital regulations, reflecting rising demand for professional expertise in the sector.

Yonhap Infomax
Yonhap Infomax NewsJan 12
Tongyang Life Insurance convened a management strategy meeting to address regulatory changes, emphasizing consumer protection, channel competitiveness, and operational efficiency under CEO Sung Dae-kyu’s leadership.
#YonhapInfomax #TongyangLifeInsurance #ConsumerProtection #IFRS17 #ChannelCompetitiveness #SungDaeKyu #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=99305
Sung Dae-kyu Declares 'The First Year as a Great Insurer'—Tongyang Life Holds Management Strategy Meeting

Tongyang Life Insurance convened a management strategy meeting to address regulatory changes, emphasizing consumer protection, channel competitiveness, and operational efficiency under CEO Sung Dae-kyu’s leadership.

Yonhap Infomax
Contabilidad y FinanzasJan 11

📊 La NIIF 17 transforma la contabilidad de seguros. Descubre las fases de implementación, modelos de medición y claves para una transición exitosa. 🏢✅

Lee más 👉 https://contabilidadfinanzas.com/contabilidad-de-seguros/implementacion-de-la-niif-17-en-aseguradoras/

#NIIF17 #ContabilidadDeSeguros #Aseguradoras #IFRS17 #NormasContables

Contabilidad y FinanzasJan 11

La NIIF 17 no solo cambia cómo registras contratos de seguros. Transforma la manera en que las aseguradoras comunican su realidad financiera al mundo. 📊

#NIIF17 #ContabilidadDeSeguros #Aseguradoras #IFRS17 #NormasContables

Contabilidad y FinanzasJan 9

📊 La NIIF 17 reemplazó a la NIIF 4 y cambió por completo la contabilidad de seguros. ¿Conoces las diferencias clave entre ambas normas? Te lo explicamos de forma clara y sencilla 📚✨

Lee más 👉 https://contabilidadfinanzas.com/contabilidad-de-seguros/diferencias-niif-4-y-niif-17/

#NIIF17 #NIIF4 #ContabilidadDeSeguros #NormasContables #IFRS17 #Aseguradoras #FinanzasCorporativas