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KIDI Launches Car Accident History Information Service for Used Cars Shipped to the Middle East

SEOUL, Oct. 20 (Korea Bizwire) – The Korea Insurance Development Institute (KIDI) announced on Thursday that it will provide a ‘Car History’ information service for used cars being shipped from South Korea to the Middle East. The new service, a result of collaboration with CARSEER, the first car accident history service company in the Middle East, will [...]

Korean Professional Indemnity Insurance Market Expected to Grow 500 Percent

SEOUL, March 20 (Korea Bizwire) — The popularity of professional indemnity insurance products is rapidly increasing in Korea. The size of the professional indemnity market, calculated as the overall sum of the original premiums, was 115 billion won (US$ 102.4 million) in 2008 and 140 billion won (US$ 124.7) in 2012. It has been growing at [...]