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.
Hyundai Marine & Fire Insurance revamps direct platform
Hyundai Marine & Fire Insurance revamped its direct platform to simplify insurance purchase and improve customer convenience, offering seamless experience from premium calculation to contract management.
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.