South Korea's insurance industry faces mounting operational risks as new social legislation and rising legal costs drive uncertainty, forcing insurers to adapt risk management strategies amid evolving societal trends.
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#Insurance #OperationalRisk #YellowEnvelopeLaw #SocialInflation #LegalCosts
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=96321
#YonhapInfomax
#Insurance #OperationalRisk #YellowEnvelopeLaw #SocialInflation #LegalCosts
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=96321

[From the Field]'Feeding on Uncertainty?'—The Social Challenges Facing Insurers
South Korea's insurance industry faces mounting operational risks as new social legislation and rising legal costs drive uncertainty, forcing insurers to adapt risk management strategies amid evolving societal trends.