South Korea will allow industry associations to handle simple insurance complaints from 2026 and expand death benefit securitization products to all life insurers, while introducing new tax incentives and support measures for policyholders.
#YonhapInfomax #InsuranceRegulation #LifeInsurers #DeathBenefitSecuritization #TaxIncentives #KoreaLifeInsuranceAssociation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=97686
From Next Year, Simple Insurance Complaints to Be Handled by Industry Associations—Death Benefit Securitization Expanded to All Life Insurers
South Korea will allow industry associations to handle simple insurance complaints from 2026 and expand death benefit securitization products to all life insurers, while introducing new tax incentives and support measures for policyholders.
Consumer complaints against South Korean insurers rose in Q3, with life and general insurers reporting increases, though trends varied by company; industry steps up system improvements to address mis-selling and payout issues.
#YonhapInfomax #ConsumerComplaints #LifeInsurers #GeneralInsurers #MisSelling #InsurancePayouts #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=91643
Rising Consumer Complaints in Insurance Sector—Mixed Results Across Companies
Consumer complaints against South Korean insurers rose in Q3, with life and general insurers reporting increases, though trends varied by company; industry steps up system improvements to address mis-selling and payout issues.
KDB Life Insurance Co. secured the top spot among 19 life insurers in South Korea's 30th Policy Terms Comprehension Assessment, scoring 79.8 points for its pension insurance product, reflecting its commitment to consumer-friendly documentation and communication.
#YonhapInfomax #KDBLifeInsurance #PolicyTermsAssessment #LifeInsurers #PensionInsurance #ConsumerProtection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=90064
KDB Life Insurance Ranks First Among Life Insurers in 30th Policy Terms Comprehension Assessment
KDB Life Insurance Co. secured the top spot among 19 life insurers in South Korea's 30th Policy Terms Comprehension Assessment, scoring 79.8 points for its pension insurance product, reflecting its commitment to consumer-friendly documentation and communication.
Whole life insurance is gaining traction in South Korea as it offers both economic security for families and lifetime annuity options, with new products and government policies expanding accessibility and flexibility.
#YonhapInfomax #WholeLifeInsurance #Annuity #InheritanceTax #LifeInsurers #SouthKorea #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=89479
Should You Consider Whole Life Insurance? Growing Demand for Economic Independence and Lifetime Annuities
Whole life insurance is gaining traction in South Korea as it offers both economic security for families and lifetime annuity options, with new products and government policies expanding accessibility and flexibility.
South Korean life insurers are accelerating sales of 'third insurance' products such as health and accident coverage to boost Contractual Service Margin (CSM), with initial premiums nearly doubling year-on-year amid regulatory changes under IFRS 17.
#YonhapInfomax #LifeInsurers #CSM #ThirdInsurance #IFRS17 #HanwhaLifeInsuranceCo #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=89001
Life Insurers Focus on CSM Growth as Sales of 'Third Insurance' Products Surge in South Korea
South Korean life insurers are accelerating sales of 'third insurance' products such as health and accident coverage to boost Contractual Service Margin (CSM), with initial premiums nearly doubling year-on-year amid regulatory changes under IFRS 17.
South Korea's KOSPI index hit a record high above 4,100, driving strong returns in variable insurance products and boosting new premiums by 46% year-on-year, as investors seek alternatives amid the market rally.
#YonhapInfomax #KOSPI #VariableInsurance #LifeInsurers #InvestmentReturns #PremiumGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=88490
Funds Flow Into Variable Insurance as KOSPI Surges Past 4,000—Returns Remain Robust Amid Market Rally
South Korea's KOSPI index hit a record high above 4,100, driving strong returns in variable insurance products and boosting new premiums by 46% year-on-year, as investors seek alternatives amid the market rally.
Early Cancellation Rate of Variable Savings Insurance Under 5 Years Hits 34.8%—Concerns Over Misselling
South Korea’s top life insurers saw a 34.8% early cancellation rate for variable savings insurance under five years, fueling concerns over misselling and poor consumer returns.
Fitch Says Japan’s Ultra-Long Yield Volatility Driven More by Life Insurers Than Fiscal Concerns
Fitch highlights that volatility in Japan’s ultra-long bond yields is primarily linked to life insurers’ activities rather than fiscal worries.
Japanese life insurers, once key buyers of ultra-long JGBs, are retreating as new regulations and demographic shifts reshape demand, leaving foreign investors to drive the market amid ongoing fiscal and political risks.
#YonhapInfomax #JapaneseGovernmentBonds #LifeInsurers #UltraLongJGBs #Yield #ForeignInvestors #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=69654
Japanese Government Bonds—The 'Insurance Company Illusion' of Buying on Dips Is Fading
Japanese life insurers, once key buyers of ultra-long JGBs, are retreating as new regulations and demographic shifts reshape demand, leaving foreign investors to drive the market amid ongoing fiscal and political risks.
Japanese Life and Non-Life Insurers Post Largest Net Purchases of Super-Long JGBs in May in a Year
Japanese life and non-life insurers made their largest net purchases of super-long JGBs in a year in May, driven by record-high yields and renewed institutional demand.
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