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soo lee

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Articles

Samsung Fire & Marine Insurance - '70% of Pedal Misapplication Accidents Involve Elderly Drivers…Prevention Technology Needed'

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By soo lee
| en.infomaxai.com
(Seoul=Yonhap Infomax) Soo Yong Lee - Accidents caused by pedal misapplication while driving have recently increased 2.3-fold, with most incidents involving drivers aged 60 and above, according to a new analysis.
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Life Insurers Exceed Deposit Insurance Reserve Ratio Floor - Will Premiums Be Cut Again This Year?

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By soo lee
| en.infomaxai.com
(Seoul=Yonhap Infomax) Soo Yong Lee - South Korea's life insurance sector is expected to receive another reduction in deposit insurance premiums this year as its reserve ratio continues to exceed the minimum threshold. According to the insurance industry on the 4th, the life insurance sector's deposit insurance fund reserve ratio stands at 0.9% as of this year, surpassing the target floor.
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Insurers' K-ICS Ratio Hits 216.2% in Q1 Amid Rising Market Rates, Core Capital Remains Solid

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By soo lee
| en.infomaxai.com
(Seoul=Yonhap Infomax) Soo Yong Lee - South Korean insurers' capital adequacy improved in the first quarter of this year as market interest rates continued to rise. According to the insurance industry on the 2nd, the Korean Insurance Capital Standard (K-ICS) ratio after transitional measures for 39 insurers stood at 216.2% in the first quarter. This represents a 3.8 percentage point increase from 212.4% at the end of last year. Most insurers have raised their capital strength to stable levels.
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