Standard & Poor’s projects Samsung Fire & Marine Insurance will boost shareholder returns and expand overseas, leveraging its robust capital base and maintaining strong solvency ratios despite rising claims and commission costs.
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Auto Insurance Loss Ratio Rises to 92.1% in November—Driven by Cumulative Premium Cuts and Higher Claims
South Korea’s auto insurance loss ratio climbed to 92.1% in November, driven by four years of premium cuts and rising claims, signaling mounting pressure on insurers’ profitability.
Samsung Fire & Marine Insurance launches 'Insurance 2Chi,' a long-term policy offering hybrid coverage for critical illness and dementia, with reduced premiums and incentive-based health benefits, targeting South Korea's aging population.
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Samsung Fire & Marine Launches 'Insurance 2Chi' Long-Term Policy—Comprehensive Coverage for Critical Illness and Dementia
Samsung Fire & Marine Insurance launches 'Insurance 2Chi,' a long-term policy offering hybrid coverage for critical illness and dementia, with reduced premiums and incentive-based health benefits, targeting South Korea's aging population.
Samsung Fire & Marine Launches Overseas Flight Delay Coverage for Delays Over Two Hours
Samsung Fire & Marine Insurance launches industry-first rider covering actual expenses for overseas flight delays over two hours, offering up to 500,000 won ($375) in reimbursement.
Samsung Fire & Marine Insurance expects the government's planned education tax hike on financial firms to significantly impact net profit, with additional effects on CSM and insurance margins, as detailed in its Q2 earnings call.
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Samsung Fire & Marine Says Education Tax Hike to Significantly Impact Net Profit
Samsung Fire & Marine Insurance expects the government's planned education tax hike on financial firms to significantly impact net profit, with additional effects on CSM and insurance margins, as detailed in its Q2 earnings call.
Experts urge Samsung Life Insurance to reconsider its accounting treatment for Samsung Fire & Marine, calling for a review of equity method application and withdrawal of exceptional accounting practices following recent share sales.
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Experts Urge Samsung Life to Reconsider Equity Method for Samsung Fire—Call for Withdrawal of Exceptional Accounting
Experts urge Samsung Life Insurance to reconsider its accounting treatment for Samsung Fire & Marine, calling for a review of equity method application and withdrawal of exceptional accounting practices following recent share sales.
Samsung Fire & Marine Insurance Q1 Net Profit Falls 13.2% to 609 Billion Won, Below Expectations
Samsung Fire & Marine Insurance reports 13.2% drop in Q1 net profit to 609 billion won, missing market expectations amid increased market volatility and major disasters
Samsung Fire & Marine Insurance emphasizes listening to customers and real-time feedback in policy-making at its first 'Unpack' event, aiming to restore trust in the insurance industry through innovation and customer-centric approach.
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[Insurance Company Tidbits]Samsung Fire & Marine's New Approach 'Unpack' - 'Listen to Sell'
Samsung Fire & Marine Insurance emphasizes listening to customers and real-time feedback in policy-making at its first 'Unpack' event, aiming to restore trust in the insurance industry through innovation and customer-centric approach.
Samsung Fire & Marine to Launch Protection Account Next Month, Discusses Insurance Blueprint at Unpack Conference
Samsung Fire & Marine Insurance hosts industry-first 'Unpack Conference', unveiling new 'Protection Account' product and discussing future insurance market trends with stakeholders
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