KB Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/kb-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.

The post Hanwha on the hook as lead insurer for E-Land’s South Korea warehouse fire: reports appeared first on InsuranceAsia News.

]]>

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...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Hanwha on the hook as lead insurer for E-Land’s South Korea warehouse fire: reports appeared first on InsuranceAsia News.

]]> Growth prospects intact for KB Insurance despite medical, motor lines pressures: AM Best https://insuranceasianews.com/growth-prospects-intact-for-kb-insurance-despite-medical-motor-lines-pressures-am-best/ Mon, 03 Nov 2025 06:16:09 +0000 https://insuranceasianews.com/?p=203429 Rating agency affirmes KBI’s rating of A (excellent) with a stable outlook.

The post Growth prospects intact for KB Insurance despite medical, motor lines pressures: AM Best appeared first on InsuranceAsia News.

]]>

South Korea’s KB Insurance (KBI) will maintain stable growth momentum, supported by the release of contractual service margin in its long-term lines, a strong balance sheet and parental backing from K...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Growth prospects intact for KB Insurance despite medical, motor lines pressures: AM Best appeared first on InsuranceAsia News.

]]> 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.

The post Lawmakers to question major Korean carriers over high disaster insurance premiums, margins: report appeared first on InsuranceAsia News.

]]>

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...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Lawmakers to question major Korean carriers over high disaster insurance premiums, margins: report appeared first on InsuranceAsia News.

]]> KB Insurance income up 17.5% to US$676m in FY24 https://insuranceasianews.com/kb-insurance-income-up-17-5-to-us676m-in-fy24/ Thu, 06 Feb 2025 08:25:23 +0000 https://insuranceasianews.com/?p=175311 Long-term was the only line registering growth, while the Korean carrier's general business recorded a US$18.4m loss and its motor line fell 82.2%.

The post KB Insurance income up 17.5% to US$676m in FY24 appeared first on InsuranceAsia News.

]]>

KB Insurance posted insurance income of KRW978 billion (US$676 million) in FY24, a 17.5% increase compared to FY23, according to the company’s earnings report.
But insurance income for the Korean insu...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post KB Insurance income up 17.5% to US$676m in FY24 appeared first on InsuranceAsia News.

]]> KB Insurance sees growth in capital and surplus: AM Best https://insuranceasianews.com/kb-insurance-sees-significant-growth-in-profitability-capital-and-surplus-am-best/ Fri, 01 Nov 2024 11:30:54 +0000 https://insuranceasianews.com/?p=169043 The rating agency has affirmed the financial strength rating of A (excellent)for the South Korean carrier with a stable outlook.

The post KB Insurance sees growth in capital and surplus: AM Best appeared first on InsuranceAsia News.

]]>

South Korean insurer KB Insurance (KBI) has seen significant growth in capital and surplus in 2023, largely due to market-based valuation adjustments amid elevated interest rates under IFRS 17 and an ...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post KB Insurance sees growth in capital and surplus: AM Best appeared first on InsuranceAsia News.

]]> Korean battery plant fire claims likely to leave reinsurers unscathed https://insuranceasianews.com/korean-aricell-battery-fire-does-to-say-within-insurers-retentions/ Wed, 26 Jun 2024 23:30:36 +0000 https://insuranceasianews.com/?p=156846 The primary insurers, KB Insurance and DB Insurance, are expected to retain the losses from the blaze at the Aricell unit as property and liability claims are expected to be relatively low, InsuranceAsia News understands.

The post Korean battery plant fire claims likely to leave reinsurers unscathed appeared first on InsuranceAsia News.

]]>

The fire at the South Korean lithium thionyl chloride battery manufacturing facility is unlikely to hit the reinsurers as losses from the event is likely to be below the primary carriers’ retention l...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Korean battery plant fire claims likely to leave reinsurers unscathed appeared first on InsuranceAsia News.

]]> 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.

The post Overseas premium of Korea’s four major non-life insurers surpasses trillion-won milestone in 2023: report appeared first on InsuranceAsia News.

]]>

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 ....

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Overseas premium of Korea’s four major non-life insurers surpasses trillion-won milestone in 2023: report appeared first on InsuranceAsia News.

]]> 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. 

The post Motor results shore up Korean majors’ FY23 underwriting performance appeared first on InsuranceAsia News.

]]>

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...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Motor results shore up Korean majors’ FY23 underwriting performance appeared first on InsuranceAsia News.

]]> KB Insurance Indonesia’s 9M COR at 70%, premium retention improving on motor focus: Fitch https://insuranceasianews.com/kb-insurance-indonesias-9m-cor-at-70-premium-retention-improving-on-motor-focus-fitch/ Tue, 05 Dec 2023 04:21:46 +0000 https://insuranceasianews.com/?p=139563 The rating agency affirmed the carrier’s rating with a stable outlook, as GWP growth outperforms industry average.

The post KB Insurance Indonesia’s 9M COR at 70%, premium retention improving on motor focus: Fitch appeared first on InsuranceAsia News.

]]>

Fitch Ratings has affirmed KB Insurance Indonesia’s national insurer financial strength rating at “AA-with a stable outlook on improving premium retention, and strong capacity to meet policyholder obl...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post KB Insurance Indonesia’s 9M COR at 70%, premium retention improving on motor focus: Fitch appeared first on InsuranceAsia News.

]]> KB Insurance completes US$100m loss portfolio transfer deal with Swiss Re https://insuranceasianews.com/kb-insurance-completes-us100m-loss-portfolio-transfer-deal-with-swiss-re/ Wed, 15 Nov 2023 03:11:42 +0000 https://insuranceasianews.com/?p=138377 With the Howden Tiger arranged deal, the Korean carrier will transfer its US commercial multiperil and workers’ compensation lines' net loss and unearned premium reserves to the reinsurer as part of the insurer's US branch wind down plan.

The post KB Insurance completes US$100m loss portfolio transfer deal with Swiss Re appeared first on InsuranceAsia News.

]]>

Korean carrier KB Insurance has completed loss portfolio transfer US commercial multiperil and workers’ compensation lines with Swiss Re.
The general insurer will transfer US$100 million net loss rese...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post KB Insurance completes US$100m loss portfolio transfer deal with Swiss Re appeared first on InsuranceAsia News.

]]>