Hanwha General Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/hanwha-general-insurance/ Fri, 02 Jan 2026 05:36:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Hanwha General Insurance secures controlling stake in Indonesia’s Lippo General Insurance https://insuranceasianews.com/hanwha-general-insurance-secures-controlling-stake-in-indonesias-lippo-general-insurance/ Fri, 02 Jan 2026 02:00:25 +0000 https://insuranceasianews.com/?p=207873 Korean insurer has increased its shareholding to 61.5% after acquiring a 46.6% stake previously held by Hanwha Life Insurance Indonesia.

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Hanwha General Insurance has increased its total shareholding in Indonesian insurer Lippo General Insurance to 61.5% after acquiring a 46.6% stake previously held by Hanwha Life Insurance Indonesia.
T...

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]]> 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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]]> Hanwha General Insurance to acquire 98.3% of Carrot Insurance: report https://insuranceasianews.com/hanwha-general-insurance-to-acquire-98-3-of-carrot-insurance-report/ Mon, 28 Apr 2025 10:27:18 +0000 https://insuranceasianews.com/?p=189352 The deal will secure the general insurer management rights to the struggling digital insurance startup.

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Korean insurer Hanwha General Insurance will acquire 98.3% of digital insurance subsidiary Carrot General Insurance stocks, according to a local media report.
The deal, which will be concluded on Tues...

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]]> Carrot Insurance considering merger with parent Hanwha amid financial troubles https://insuranceasianews.com/carrot-insurance-considering-merger-with-parent-hanwha-amid-financial-troubles/ Wed, 09 Apr 2025 10:12:43 +0000 https://insuranceasianews.com/?p=180803 The digital carrier CEO Moon Hyo-il reportedly told employees that they are reviewing a capital increase and a merger with its parent.

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Korean insurer Hanwha General Insurance is considering absorbing its digital insurance subsidiary Carrot General Insurance, according to reports by the Korean newspaper Chosun.
Carrot chief executive ...

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]]> Hanwha denies reports of selling Carrot Insurance stake amid financial strains https://insuranceasianews.com/hanwha-general-insurance-denies-rumour-to-sell-carrot-insurance-amid-financial-strains-report/ Thu, 13 Feb 2025 09:29:51 +0000 https://insuranceasianews.com/?p=176104 Korean insurtech startup has been posting losses every year since its establishment in 2019.

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South Korean insurer Hanwha General Insurance has denied that it is considering the sale of its management rights for digital carrier Carrot, according to local media reports.
“It is not true that we ...

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]]> Hanwha General Insurance’s rate hike effort pays off for its long-term business: AM Best https://insuranceasianews.com/hanwha-general-insurances-rate-hike-effort-pays-off-for-its-long-term-business-am-best/ Fri, 16 Aug 2024 09:53:44 +0000 https://insuranceasianews.com/?p=160652 AM Best affirmed the rating of Korea's sixth-largest non-life insurer at “a” (excellent) with a "stable" outlook.

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Efforts by South Korean insurer Hanwha General Insurance (HGI) to hike rates for its unprofitable legacy medical indemnity policies have gradually materialised, which helped stablise its long-term ins...

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]]> Hanwha’s ratings affirmed as capital pressures ease due to IFRS 17 and KI-ICS: AM Best https://insuranceasianews.com/hanwhas-ratings-affirmed-as-capital-pressures-ease-due-to-ifrs-17-and-ki-ics-am-best/ Sun, 09 Jul 2023 22:22:52 +0000 https://insuranceasianews.com/?p=129018 The negative impact of Carrot on the carrier's consolidated results will decrease gradually as the digital insurer continues to build economies of scale.

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Korean insurer Hanwha General Insurance (HGI) will see pressures on its reported capital ease under the new accounting and solvency regimes (IFRS 17 and K-ICS), according to AM Best.
The company faced...

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