Korea Non-Life Dilemma
Korea’s non-life insurers are under increasing capital pressure as long-duration health and accident portfolios collide with K-ICS requirements, weaker profitability and limited traditional reinsurance solutions.
Korea’s non-life insurers are under increasing capital pressure as long-duration health and accident portfolios collide with K-ICS requirements, weaker profitability and limited traditional reinsurance solutions.
Asset-intensive reinsurance is expanding across Asia-Pacific as insurers use reinsurance not only to transfer biometric risk, but also to reshape liabilities, supporting assets and capital. This article maps the regional market and examines what the trend means for Korea.
As Taiwan and Korea move deeper into risk-based solvency regimes, co-insurance is emerging as a balance-sheet tool to transfer long-duration risks, release capital pressure, and reshape insurer–reinsurer economics.
Korea and Japan are moving toward more economic, risk-sensitive solvency regulation—but through different systems. GRL examines what K-ICS and Japan’s new solvency regime mean for capital strategy and reinsurance.
K-ICS has changed the economics of insurance capital management. GRL examines when raising capital, improving ALM, hedging or transferring risk through reinsurance creates the better economic outcome.
The 2026 Q2 East Asia Reinsurance Briefing reviews major developments in Korea and across East Asia, including solvency trends, capital quality, structured reinsurance and recent block and flow transactions.