By Alysia Cameron-Davies | International Travel & Health Insurance Journal | January 25, 2022
Direct written premiums (DWP) set to increase to KRW262.5 trillion (US$229.5 billion) in 2025, predicts GlobalData
GlobalData calculates a rise in DWP from KRW220.5 trillion ($186.8 billion) in 2020 to KRW262.5 trillion ($229.5 billion) in 2025, with a compound annual growth rate (CAGR) of 3.5 per cent.Read More »Insurance industry growth in South Korea
Canadian insurers well positioned to deal with elevated risks from IFRS 17
By James Langton | Advisor’s Edge | January 24, 2022
The global insurance industry is facing the most significant change to its accounting rules in 20 years, says DBRS Morningstar in a new report.Read More »Insurers face major change to accounting rules
By Kim Bo-eun | The Korea Times | January 20, 2022
Court rules in favor of policyholders of insurer’s immediate annuity contract
Samsung Life Insurance has been mired in a number of legal battles in the past few years, which have weighed on the insurer as a major burden.Read More »Samsung Life Insurance weighed down by legal disputes
By Fitch Ratings | January 7. 2022
IFRS 17 can enhance our insurance sector analysis, Fitch Ratings says. We expect most ratios used in our financial performance analysis to be maintained, and to adopt new ratios using additional information.Read More »IFRS 17 Could Enhance Insurance Sector Analysis
By Zainab Iwayem | Nairametrics | January 7, 2022
The National Insurance Commission (NAICOM) has insisted that there is no going back on the implementation of the International Financial Reporting Standard (IFRS 17) in 2023 following concerns over loopholes in Nigeria’s approach.Read More »IFRS 17: How new reporting standard will transform insurance sector analysis