South Korea’s non-life insurers have sharply reduced reinsurance losses in 2024, narrowing the deficit by over 2 trillion won, as major claims and improved risk diversification strategies drive recovery.
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#Reinsurance #NonLifeInsurers #NHNongHyup #KoreanRe #LossReduction
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94495
Non-Life Insurers Sharply Narrow Reinsurance Losses This Year—Here’s How

South Korea’s non-life insurers have sharply reduced reinsurance losses in 2024, narrowing the deficit by over 2 trillion won, as major claims and improved risk diversification strategies drive recovery.

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South Korea introduces U.S.-style mandate-type coinsurance, easing solvency burdens for insurers by enabling broader risk transfer and supporting capital management under stricter K-ICS regulations.
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#Coinsurance #FinancialSupervisoryService #KICS #SolvencyManagement #Reinsurance
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=87511
Africa: Keeping It Home - Africa's Reinsurers in Quiet Bid to Reclaim Market: [Independent (Kampala)] Kampala, Uganda -- Africa's reinsurance market has for decades been dominated by global giants such as Swiss Re, Munich Re, and the syndicates of Lloyd's. While these firms bring deep expertise and capital, their dominance has left local insurers struggling to grow. http://newsfeed.facilit8.network/TNNCr7 #AfricaInsurance #Reinsurance #LocalInsurers #AfricanEconomy #InsuranceMarket
SageSure and Auros close $100M catastrophe bond in record time, securing protection for coastal states and demonstrating strong investor confidence in innovative risk management strategies. #Insurance #Reinsurance

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South Korea’s non-life insurers, long plagued by annual reinsurance losses exceeding 1 trillion won, posted a surprise profit of 46.5 billion won ($34 million) in Q1 2025, driven by one-off claim recoveries and shifting market dynamics, though underlying deficits persist amid a global hard reinsurance market.
#YonhapInfomax #Reinsurance #SamsungFireAndMarine #KoreanRe #Q1Profit #HardMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68741
Reinsurance Segment, Once Posting Annual Losses of 1 Trillion Won, Swings to Surprise Profit in Q1—Here’s Why

South Korea’s non-life insurers, long plagued by annual reinsurance losses exceeding 1 trillion won, posted a surprise profit of 46.5 billion won ($34 million) in Q1 2025, driven by one-off claim recoveries and shifting market dynamics, though underlying deficits persist amid a global hard reinsurance market.

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#Insurers Want #Businesses to Wake Up to Costs of #ExtremeHeat
#SwissRe, the Zurich-based #reinsurance firm, focused in-depth on extreme heat – a natural catastrophe we don’t normally associate with insurers.
“Up to half a million people globally succumb to the effects of extreme heat each year, according to recent scientific research,” the report noted, “exceeding the combined impact of floods, earthquakes and hurricanes.
https://www.bloomberg.com/news/newsletters/2025-06-18/insurers-want-businesses-to-wake-up-to-costs-of-extreme-heat
https://archive.ph/0d0NE
Matthew Sheppard appointed Deputy Chief Underwriting Officer at OdysseyRe's London branch, bringing 20+ years of reinsurance expertise to lead strategic market expansion and innovation #Reinsurance #Leadership
Korean Re reports strong Q1 performance with net profit up 42.6% to 90.6 billion won, surpassing market expectations despite major natural disasters, driven by diversified portfolio and improved underwriting
#YonhapInfomax #KoreanRe #Q1Earnings #NetProfit #Reinsurance #NaturalDisasters #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63420
Korean Re Q1 Net Profit Rises 42.6% to 90.6 Billion Won, Exceeding Expectations

Korean Re reports strong Q1 performance with net profit up 42.6% to 90.6 billion won, surpassing market expectations despite major natural disasters, driven by diversified portfolio and improved underwriting

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