{"id":41452,"date":"2026-07-22T05:00:00","date_gmt":"2026-07-22T03:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=3f08e471fa2caf809f0d421ba2bdd6c2"},"modified":"2026-07-22T05:00:00","modified_gmt":"2026-07-22T03:00:00","slug":"bests-market-segment-report-am-best-maintains-stable-outlook-on-south-koreas-non-life-insurance-market-2","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=41452","title":{"rendered":"Best\u2019s Market Segment Report: AM Best Maintains Stable Outlook on South Korea\u2019s Non-Life Insurance Market"},"content":{"rendered":"

HONG KONG--(BUSINESS WIRE)--#insurance<\/a>--AM Best<\/b> has maintained its stable outlook on South Korea\u2019s non-life insurance segment, supported by enhanced regulatory frameworks and solid investment performance.<\/p><\/a><\/a>

According to the Best\u2019s Market Segment Report<\/i>, \u201cMarket Segment Outlook: South Korea Non-Life Insurance,\u201d the country\u2019s regulatory environment supports the stable outlook as regulatory changes are strengthening capital quality, solvency resilience and consistency in IFRS 17 reporting. The introduction of the core capital K-ICS ratio, which is effective January 2027, is expected to induce insurers to focus on improving fundamental capital with higher loss absorption features and prevent overreliance on supplementary capital securities.<\/p>

South Korea\u2019s non-life industry experienced a decline in its underwriting results in 2025, reflecting higher loss ratios in long-term and auto lines. Auto insurance profitability also deteriorated due to the cumulative effect of premium rate cuts from prior years and ongoing claims-cost inflation. Although a recent premium increase should provide support, the benefit will be recognised gradually through the earned premium base rather than immediately. The long-term insurance line of business is still experiencing claims pressure following the end of the medical strike in 2024, while persistent competition also has weighed on profitability.<\/p>

\u201cBecause of the intense competition, some market leaders with stronger balance sheet capacity and solvency positions are looking beyond the domestic market for new growth opportunities. These efforts could support earnings diversification and long-term growth, although they necessarily entail a level of execution risk and short-term capital volatility,\u201d said Seokjae Lee, senior financial analyst, AM Best.<\/p>

Chanyoung Lee, director, analytics, AM Best, added: \u201cAlthough underwriting performance in South Korea\u2019s non-life insurance segment weakened in 2025, investment income improved materially, supported by higher interest income, and in some cases, gains from asset disposals and valuation gains. AM Best expects investment performance to remain a stable source of profits over the next 12 months, partly mitigating the pressured underwriting profits.\u201d<\/p>

To access the full copy of this market segment report, please visit http:\/\/www3.ambest.com\/bestweek\/purchase.asp?record_code=366691<\/a>.<\/p>

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

Copyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

Seokjae Lee<\/b>Senior Financial Analyst<\/b>+852 2827 3407<\/b>seokjae.lee@ambest.com<\/a><\/p>

Chanyoung Lee<\/b>Director, Analytics<\/b>+852 2827 3404<\/b>chanyoung.lee@ambest.com<\/a><\/p>

Christopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

Cynthia Ang<\/b>Senior Industry Research Analyst<\/b> +65 6303 5026<\/b>cynthia.ang@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

HONG KONG–(BUSINESS WIRE)–#insurance–AM Best has maintained its stable outlook on South Korea\u2019s non-life insurance segment, supported by enhanced regulatory frameworks and solid investment performance.According to the Best\u2019s Market Segment Report, \u201c…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41452","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41452"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41452\/revisions"}],"predecessor-version":[{"id":41454,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41452\/revisions\/41454"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}