South Korean financial authorities push for auto insurance premium cuts amid high oil prices, while insurers resist citing profitability concerns after four consecutive years of rate reductions and 708 billion won losses in 2025.
Korean insurers' capital-raising fell 88.5% in Q1 2026 to 542 billion won due to new K-ICS basic capital regulations and rising interest rates, prompting shift to coinsurance alternatives.
Korean insurers are increasingly using coinsurance to reduce capital requirements and manage solvency ratios amid regulatory changes and challenging business environments.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.