South Korea's Insurance Research Institute urges reforms to auto repair labor costs and minor damage standards to ease pressure on rising auto insurance premiums, citing inefficiencies and potential savings of 87.3 billion won ($67 million).
#YonhapInfomax #InsuranceResearchInstitute #AutoInsurance #RepairCosts #LaborRates #PremiumPressure #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=95085
Insurance Research Institute - 'Reform Labor Costs and Minor Damage Standards to Ease Pressure on Auto Insurance Premiums'
South Korea's Insurance Research Institute urges reforms to auto repair labor costs and minor damage standards to ease pressure on rising auto insurance premiums, citing inefficiencies and potential savings of 87.3 billion won ($67 million).
Insurance Research Institute Holds Public-Private Insurance Seminar – Experts Call for Stronger Oversight of Non-Reimbursed Medical Services (Comprehensive)
The Insurance Research Institute held a seminar on strengthening oversight of non-reimbursed medical services, as experts warn rising costs threaten the sustainability of South Korea’s public and private insurance systems.
South Korea's Insurance Research Institute urges financial institutions to manage systemic cyber risks through stress testing, highlighting the need for joint efforts by regulators, insurers, and corporations to quantify and mitigate the financial impact of large-scale cyber incidents.
#YonhapInfomax #CyberRisk #InsuranceResearchInstitute #StressTest #FinancialImpact #PersonalDataBreach #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=94285
Insurance Research Institute - Cyber Risks Must Be Managed Through Stress Testing to Assess Financial Impact
South Korea's Insurance Research Institute urges financial institutions to manage systemic cyber risks through stress testing, highlighting the need for joint efforts by regulators, insurers, and corporations to quantify and mitigate the financial impact of large-scale cyber incidents.
South Korea's Insurance Research Institute calls for shorter license renewal periods and expanded use of safety devices for elderly drivers as accident rates rise, urging policy and insurance reforms to address risks in an aging society.
#YonhapInfomax #ElderlyDrivers #InsuranceResearchInstitute #LicenseRenewal #SafetyDevices #AccidentPrevention #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=81603
Insurance Institute Urges Shorter License Renewal Periods for Elderly Drivers to Prevent Accidents
South Korea's Insurance Research Institute calls for shorter license renewal periods and expanded use of safety devices for elderly drivers as accident rates rise, urging policy and insurance reforms to address risks in an aging society.
Insurance Research Institute - 'Index-Based Insurance Needed to Tackle Climate Crisis—Support for Enhanced Resilience Essential'
South Korea's Insurance Research Institute urges adoption of index-based insurance to enhance climate resilience, citing rapid payouts and support for renewable energy amid growing climate risks.
Insurance Research Institute Urges Industry Innovation to Expand Risk Coverage and Investment
South Korea's Insurance Research Institute urges the insurance industry to boost innovation, expand risk coverage, and drive investment to strengthen the nation's social safety net amid demographic changes.
Insurance Research Institute Urges Recognition of Insurance Claims as Public Trust Assets to Ease Elderly Care Financial Burden
South Korea's Insurance Research Institute recommends recognizing insurance claim rights as public trust assets to ease the fiscal burden of elderly care, supporting President Lee Jae-myung's policy agenda.
South Korea's Insurance Research Institute urges insurers to strengthen asset management expertise as fund-type retirement pension reforms gain momentum, highlighting the need for tailored products and enhanced competitiveness.
#YonhapInfomax #RetirementPension #InsuranceResearchInstitute #AssetManagement #FundTypeStructure #SouthKoreaInsurers #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=70889
Insurance Research Institute Urges Insurers to Enhance Asset Management Expertise Ahead of Fund-Type Retirement Pension Reforms
South Korea's Insurance Research Institute urges insurers to strengthen asset management expertise as fund-type retirement pension reforms gain momentum, highlighting the need for tailored products and enhanced competitiveness.
South Korea's Insurance Research Institute has called for a unified mutual agreement among life insurers, non-life insurers, and general agencies to strengthen self-regulation and restore order in the insurance sales market, as non-exclusive channel sales surge and regulatory blind spots emerge.
#YonhapInfomax #InsuranceResearchInstitute #MutualAgreement #GeneralAgencies #InsuranceSales #MarketOrder #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=70888
Insurance Research Institute Urges Unified Mutual Agreement Across Life, Non-Life Insurers and GAs to Restore Market Order
South Korea's Insurance Research Institute has called for a unified mutual agreement among life insurers, non-life insurers, and general agencies to strengthen self-regulation and restore order in the insurance sales market, as non-exclusive channel sales surge and regulatory blind spots emerge.
South Korea's Insurance Research Institute urges a strategic mix of pension products to ensure stable retirement income as life expectancy rises, highlighting the need for integrated portfolio support and expanded consulting for the elderly.
#YonhapInfomax #PensionProducts #InsuranceResearchInstitute #RetirementIncome #NationalPension #LifeExpectancy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=66567
Pension Institute Says Strategic Combination of Retirement Products Needed to Ensure Old-Age Income
South Korea's Insurance Research Institute urges a strategic mix of pension products to ensure stable retirement income as life expectancy rises, highlighting the need for integrated portfolio support and expanded consulting for the elderly.
Yonhap Infomax News