Hyundai Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/hyundai-insurance/ Mon, 17 Nov 2025 11:41:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Hanwha on the hook as lead insurer for E-Land’s South Korea warehouse fire: reports https://insuranceasianews.com/hanwha-on-the-hook-as-lead-insurer-for-e-lands-south-korea-warehouse-fire-reports/ Mon, 17 Nov 2025 10:28:57 +0000 https://insuranceasianews.com/?p=204713 Hyundai Marine & Fire Insurance, DB Insurance, KB Insurance, and Heungkuk Fire & Marine Insurance are other co-insurers of the building, with total policy limits of around US$261m.

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Hanwha General Insurance is the lead insurer of E-Land Fashion’s logistics centre in South Korea, which was destroyed after a massive fire on Saturday, according to local media.
Hyundai Marine & F...

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]]> Lawmakers to question major Korean carriers over high disaster insurance premiums, margins: report https://insuranceasianews.com/lawmakers-to-question-major-korean-carriers-over-high-disaster-insurance-premiums-margins-report/ Tue, 14 Oct 2025 10:09:09 +0000 https://insuranceasianews.com/?p=201940 The National Assembly has summoned chief executives of Samsung Fire & Marine, DB Insurance, Hyundai Marine & Fire, KB Insurance, Hanwha General Insurance, Meritz Fire & Marine and NH NongHyup Property & Casualty Insurance.

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South Korea’s largest non-life insurers set to be questioned by lawmakers over high premiums and profit margins in government-backed disaster insurance programs.
The National Assembly’s Publi...

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]]> Hyundai Marine & Fire’s H1 profit falls 46% due to lack of previous year’s windfall https://insuranceasianews.com/hyundai-marine-fires-h1-profit-falls-46-due-to-lack-of-previous-years-windfall/ Thu, 14 Aug 2025 07:48:39 +0000 https://insuranceasianews.com/?p=197566 South Korean insurer’s profit plunged as underwriting losses mounted, despite stronger investment returns.

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Hyundai Marine & Fire Insurance reported a 45.9% drop in net profit at KRW451 billion (US$326 million) for the first half of the current fiscal (H1 2025), following the absence of last year’s one-...

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]]> Korean insurers chalk out overseas expansion plans as domestic growth stalls: report https://insuranceasianews.com/korean-insurers-chalk-out-overseas-expansion-plans-as-domestic-growth-stalls-report/ Mon, 24 Mar 2025 07:41:01 +0000 https://insuranceasianews.com/?p=179306 Samsung Fire & Marine and Hyundai Marine & Fire are eyeing acquisitions and investements to grow their international footprint.

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South Korean insurers, including Samsung Fire & Marine Insurance and Hyundai Marine & Fire Insurance, are actively pursuing overseas expansion in various regions as domestic growth stalls, acc...

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]]> Hyundai Insurance’s FY24 underwriting income slumps 22% to US$245m https://insuranceasianews.com/hyundai-insurances-fy24-underwriting-income-slumps-22-to-us245m/ Fri, 21 Feb 2025 09:46:53 +0000 https://insuranceasianews.com/?p=176945 Commercial business' underwriting income more than doubles, while long-term lines grow by 247.6%.

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Hyundai Insurance has reported a net income of KRW1.03 trillion (US$718 billion) for FY24, representing a 33.4% increase compared to KRW772 billion reported in FY23.
Underwriting income (insurance ser...

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]]> Hyundai Insurance’s H1 2024 underwriting income up 118% to US$670m https://insuranceasianews.com/hyundai-insurances-h1-2024-underwriting-income-up-118-to-us670m/ Wed, 14 Aug 2024 21:49:33 +0000 https://insuranceasianews.com/?p=160446 This was largely because of good results in long-term and commercial business despite motor underwriting income down 45% in the first six months of the year.

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The insurance service result or underwriting income for the Hyundai Insurance's whole business more than doubled (up 118.5%) to KRW909 billion (US$670.5 million) in the first six months of the current...

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]]> Hyundai Insurance China outlook downgraded over operating losses, underwriting risk: AM Best https://insuranceasianews.com/hyundai-insurance-china-outlook-downgraded-over-operating-losses-underwriting-risk-am-best/ Tue, 06 Aug 2024 23:49:51 +0000 https://insuranceasianews.com/?p=159929 The rating agency has affirmed the insurer’s B++ (good) rating, noting that its risk-adjusted capitalisation has benefitted from the capital injection from strategic investors.

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Global rating agency AM Best has downgraded the outlook of Hyundai Insurance China (HIC) citing elevated underwriting risk and possible capital erosion from operating losses over the short to intermed...

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]]> Hyundai Marine & Fire Insurance’s long-term line results to improve: AM Best https://insuranceasianews.com/hyundai-marine-fire-insurances-long-term-line-results-to-improve-am-best/ Fri, 19 Jul 2024 01:20:52 +0000 https://insuranceasianews.com/?p=158489 The rating agency has affirmed the carrier's financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) with a stable outlook.

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South Korea’s Hyundai Marine & Fire Insurance (HMF) long-term insurance line results are expected to improve from premium rate increases, according to a report by AM Best.
Further, the carrier’s e...

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]]> Overseas premium of Korea’s four major non-life insurers surpasses trillion-won milestone in 2023: report https://insuranceasianews.com/overseas-premium-of-koreas-four-major-non-life-insurers-surpasses-trillion-won-milestone-in-2023-report/ Mon, 11 Mar 2024 08:45:49 +0000 https://insuranceasianews.com/?p=148271 The country’s big four have doubled their international business in the last five years led by DB Insurance, which accounts for 50% of the overseas premium.

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Combined overseas premium collected by South Korea’s four major non-life insurance companies surpassed KRW1 trillion (US$759 million) for the first-time last year, according to a Korean news service ....

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]]> Motor results shore up Korean majors’ FY23 underwriting performance https://insuranceasianews.com/motor-results-hold-up-korean-majors-fy23-underwriting-performance/ Tue, 05 Mar 2024 23:45:23 +0000 https://insuranceasianews.com/?p=147923 While the carriers have seen strong premium growth in the past year, their long-term and commercial businesses' underwriting returns remain under pressure and weighed on overall results. 

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Strong motor insurance results for the financial year supported the growth in underwriting income of the major Korean non-life insurers, even as many of them saw poorer results in the long-term busine...

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