SEOUL, Aug. 9 (Korea Bizwire) — The monthly income of life and non-life insurance planners has declined due to the worsening of the sales environment and the deterioration of channel competitiveness caused by the COVID-19 pandemic, a research institute said. According to the latest report published by the Korea Insurance Research Institute, the average monthly [...]
SEOUL, Dec. 9 (Korea Bizwire) — Amid a prolonged COVID-19 crisis, close to 60 percent of insurance planners are failing to survive their first year in business, data showed Wednesday. The life insurance planners hired by the nation’s 20 major life insurance companies showed an average registered settlement rate of 41.5 percent (based on the [...]
SEOUL, Nov. 20 (Korea Bizwire) — A recent study suggests that 4 out of 10 life planners in South Korea may lose their jobs once employment insurance becomes mandatory for employees with jobs categorized as “special type of labor” in South Korea. Lee Ji-man, a professor at Yonsei University, will be presenting the details of [...]