Yonhap Infomax NewsSouth Korea's insurance sector faces declining core business profitability under IFRS 17, with firms increasingly relying on volatile investment income to offset losses, prompting a renewed focus on strengthening insurance fundamentals and long-term stability.
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https://en.infomaxai.com/news/articleView.html?idxno=93222
#YonhapInfomax #IFRS17 #InsuranceProfit #InvestmentIncome #SamsungLifeInsurance #HanwhaLifeInsurance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93222
[Lee Yun-gu's Free Kicks] Insurance Core Business Under Pressure
South Korea's insurance sector faces declining core business profitability under IFRS 17, with firms increasingly relying on volatile investment income to offset losses, prompting a renewed focus on strengthening insurance fundamentals and long-term stability.