SEOUL, Aug. 14 (Korea Bizwire) – Various insurance products are said to have appeared in North Korea, including mobile phone insurance and insurance for fruit farms. The Korea National Insurance Company (KNIC), the state-run insurance company in North Korea, revealed on their homepage that issues related to mobile phone insurance were discussed at the annual [...]
SEOUL, July 25 (Korea Bizwire) – Ahead of a measure to relax regulations on barriers between different financial services such as banking, securities, and insurance, responses are mixed. Some large financial service firms with operations across multiple areas welcome the announcement while those that are not big enough fret that the measure would change the industry landscape completely [...]
LONDON & ATLANTA, March 21, 2014 (Korea Bizwire) - A quarter of insured motorists think that it is acceptable to mislead insurers to reduce their motor insurance premiums, according to a new study from LexisNexis. Released today by LexisNexis® Risk Solutions, the research found that 40% of UK motor insurance policy holders believe the cost [...]
SEOUL, South Korea, Sept 28 (Korea Bizwire) – In as many as seven cases out of ten in which a customer sues an insurance company, the defendant lost. As for the cases where an insurance company sues a customer, the success rate was only two thirds, meaning the corporate plaintiff lost 33 percent of times. That [...]