SEOUL, July 19 (Korea Bizwire) – The loss ratio in the automobile insurance industry refers to the total loss paid by an insurance company in the form of claims out of total collected premiums, for which the ratio must be kept at 78 percent for insurance companies to avoid incurring losses. However, the car insurance industry in [...]
SEOUL, Dec.3 (Korea Bizwire) – Second-tier car insurance companies will launch plans that can be purchased online, starting from January 1. Since the internet insurance supermarket known as Insurance Damoa officially opened on November 30, the competition to draw clients online is increasingly fierce. According to industry analysts, Hyundai Marine & Fire Insurance will launch [...]
SEOUL, Nov.16 (Korea Bizwire) – The number of pets in Korea is increasing with an increase in the number of one or two-person households, but the pet insurance market that provides for them is still small. Researcher Kim Se-joong of the Korea Insurance Research Institute reported that even though the number of pets reached [...]