auto insurance Archives | Be Korea-savvy

More Car Owners Opt for Online Insurance

SEOUL, Sept. 19 (Korea Bizwire) — An increasing number of South Korean consumers are buying auto insurance online in search of lower premiums and more convenience, an industry think tank said Tuesday. According to the Korea Insurance Development Institute, 20.5 percent of the nation’s 15.4 million car insurance policyholders filed their applications through cyber marketing [...]

Korea to Overhaul Car Insurance Ratings System

SEOUL, Aug. 23 (Korea Bizwire) – It is expected that from the year of 2018 the more drivers may have accidents, the more they will pay insurance premiums, regardless of the damage size. According to the revision of the auto insurance premium ratings system by the Financial Supervisory Service (FSS), the current system determined by the [...]