By Yonhap | April 25, 2022
South Korea’s antitrust regulator said Sunday it has decided to impose a combined fine of 1.76 billion won ($1.42 million) on eight insurance companies for colluding to fix bidding prices.Read More »8 insurers fined W1.76b for collusion
By Anna J. Park | The Korea Times | April 13, 2022
Kakao Pay received the green light from the country’s financial authorities Wednesday to advance into the non-life insurance market.Read More »Kakao Pay gets green light to advance into non-life insurance market
By Oxford Business Group | July 30, 2022
As insurance companies prepare for the most significant change in global accounting standards in close to two decades, how well prepared are operators in emerging markets for the transition?Read More »How prepared are emerging market insurers for IFRS 17?
By Oxford Business Group | 2022-07-13
– New international accounting standards to be implemented in January 2023
– While a positive step, their application could pose challenges for emerging markets
– Countries with more mature financial industries are better prepared for the transition
– In some cases, insurance companies rather than regulators are driving the change
As insurance companies prepare for the most significant change in global accounting standards in close to two decades, how well prepared are operators in emerging markets for the transition?Read More »How prepared are emerging market insurers for IFRS 17?
By Lee Min-hyung | The Korea Times | July 1, 2022
Competition is intensifying between Shinhan Financial Group and Kakao in the nascent digital insurance market amid sluggish growth in the conventional insurance market.Read More »Shinhan intensifies rivalry with Kakao in digital insurance