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Insurance Firms Roll Out EV Insurance Products amid Expectation for Deregulation Under New Gov’t

Insurance Firms Roll Out EV Insurance Products amid Expectation for Deregulation Under New Gov’t

SEOUL, March. 11 (Korea Bizwire) — Sentiment is growing that the insurance industry needs to pay more attention to electric vehicle (EV) insurance products as a new channel for growth after main opposition candidate Yoon Suk-yeol was elected South Korea’s next president on Thursday. Yoon pledged that he will freeze EV charging fees over the [...]

Insurers’ Earnings Soar 37.3 pct in Jan.-Sept.

Insurers’ Earnings Soar 37.3 pct in Jan.-Sept.

SEOUL, Nov. 25 (Korea Bizwire) – South Korean insurance firms’ earnings jumped more than 37 percent in the first nine months of this year amid the coronavirus pandemic and a bullish stock market, data showed Thursday. The combined net profit of insurance companies operating in South Korea came to 7.63 trillion won (US$6.4 billion) in [...]