Yonhap Infomax NewsSouth Korea’s top non-life insurers saw their auto insurance loss ratio climb to 87.6% in October, up 2.2 percentage points year-on-year, as premium cuts and rising repair costs continue to pressure profitability.
#YonhapInfomax #AutoInsurance #LossRatio #SamsungFireAndMarine #PremiumIncrease #RepairCosts #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92162
#YonhapInfomax #AutoInsurance #LossRatio #SamsungFireAndMarine #PremiumIncrease #RepairCosts #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92162
Auto Insurance Loss Ratio Rises to 87.6% in October, Extending Upward Trend Year-on-Year
South Korea’s top non-life insurers saw their auto insurance loss ratio climb to 87.6% in October, up 2.2 percentage points year-on-year, as premium cuts and rising repair costs continue to pressure profitability.