South Korea Insurance Industry Newswire

Can South Korean politics afford to ignore the numbers?

No matter who wins the presidency, South Korea's welfare spending is bound to rise. In a rapidly aging society, individuals cannot shoulder the growing costs of healthcare, elder care, and housing on their own. Nor is that what most citizens expect. …

South Korea allocates record US$1.38bn for unprecedented Yeongnam forest fires

South Korea: Life insurers hold firm amid reforms and regulatory pressures

In all of 2024, the Korean life insurance market recorded a combined net profit of KRW5.6tn ($4.26bn), a 7.1% increase from KRW5.3tn in the previous year. Moody’s Ratings analyst Gil Jo said that this was primarily driven by higher investment profits. Net …

Korean Joo, Standard Insurance PH biggest cash earners in Tour of Luzon  

MANILA, Philippines — JOO DAE YEUNG cornered more than P1 million as the individual classification champion while Standard Insurance Philippines (SIP) banked the most in the team category with P1.63 million from the Tour of Luzon 2025's total cash pot …

Korea's Joo, Standard Insurance 'get the bag' in Tour of Luzon

MANILA, Philippines — Joo Dae Yeung cornered more than P1 million as the individual classification champion, while Standard Insurance Philippines (SIP) banked the most in the team category with P1.63 million from the Tour of Luzon 2025’s total cash pot …

South Korea: Country's first digital insurer to be absorbed into parent after losses

South Korea's first digital insurer seven-year-old Carrot General Insurance is set to be absorbed into its parent company Hanwha General Insurance after posting net losses for six consecutive years. Carrot General Insurance was established in 2019. …

How South Korea Can Grow as a Nonconfrontational Powerhouse

South Korea can take an even more proactive, multidimensional role in its neighborhood without directly confronting China.  Five potential contributions stand out:  First, South Korea could provide indirect maritime support. It could signal the possibility …

John Daly and Rich Beem are going to sit out this PGA Championship

John Daly plans to tee it up in a major next week, just not at the PGA Championship. The biggest quirk of the 2025 schedule is that the Regions Tradition in Birmingham, Alabama — the first of five majors on the PGA Tour Champions — is the same week as the …

UK and India strike a trade deal amid U.S.-led tariff tensions

RIO DE JANEIRO, BRAZIL - NOVEMBER 18: UK Prime Minister Sir Keir Starmer (L) during a bilateral meeting with Prime Minister of India Narendra Modi as he attends the G20 summit at the Museum of Modern Art on November 18, 2024 in Rio de Janeiro, Brazil. Keir …

Starmer beats Trump to the line in race for trade deal with India

It is not exactly the deepest and most comprehensive trade deal the UK has ever entered, but the timing of the announcement that Keir Starmer has clinched a free trade deal with India could not be more fortunate. Over the weekend, the US president, Donald …

Seoul Weighs Lowering Egg Freezing Subsidy Age Limit to 45

“37 Egg Bank” at CHA Hospital, renowned for infertility treatment, offers egg freezing and storage services. (Image courtesy of CHA Hospital) SEOUL, May 5 (Korea Bizwire) — The Seoul Metropolitan Government is reviewing a proposal to lower the upper age …

The Tide Is Going Out on the Dollar Carry Trade

(Bloomberg Opinion) -- In a week of tributes to Warren Buffett, here’s one from me, in the form of stealing one of his best aphorisms: Only when the tide goes out do you discover who’s been swimming naked.The currency market is getting a view of that just …

Varicose veins increase your risk of dementia, study finds

A nationwide Korean study finds a surprising link between varicose veins and dementia, and suggests that treating the veins could help prevent vascular brain damage. Study: Association between varicose veins and the occurrence of dementia: A nationwide …

Fury at 'two-tier Keir's' tax break for Indian workers that will make it cheaper to employ foreign staff - as bosses ...

Keir Starmer was last night accused of undercutting British workers to seal a £5 billion trade deal with India. Under the agreement, tens of thousands of temporary Indian workers will be exempt from paying National Insurance in Britain, making them cheaper …

Labour Row Over “Brain Dead” NI Exemption for Indian Workers In Trade Deal

Prime Minister Narendra Modi, May 2025 in New Delhi, India (Credit: Sipa US/Alamy Live News) 4 min read1 hr Labour MPs in Red Wall seats have privately expressed anger after the government announced a new "landmark" trade deal with India …

Beijing’s firm yuan nudge can cool Asia forex rally

Foreign exchange traders just had their wings clipped by the People's Bank of China. In the wake of a sharp rally for Asian currencies, they were expecting the country's central bank to make way for further falls against the dollar when it …

Life and Death in the United States: A Costly Anomaly

Headlines, Health, North America, TerraViva United Nations Opinion Even with its high healthcare expenditures, the US continues to lag behind other developed countries on virtually every measure of the chances of dying and living, including preventable and …

India, UK conclude social security agreement

New Delhi, May 6 (PTI) India and the UK on Tuesday announced the conclusion of negotiations for a social security pact, which would help avoid double contribution to social security funds by Indian professionals working for a limited period in Britain. The …

Ocean West Capital Arranges Foreclosure of 511,000 SF Office Building in Midtown Manhattan

4NEW YORK CITY — Ocean West Capital Partners has arranged the foreclosure of 285 Madison Avenue, a 511,000-square-foot office building in Midtown Manhattan. Ocean West represented the mezzanine lender, which was comprised of a consortium of insurance …

6,000 construction workers died by suicide in just one year: IBEAM responds with industry training

Ideal Body, Environment, and Mind is a free suicide prevention training providing construction professionals the tools to navigate their industry’s challenges. BLOOMINGTON, MN, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- In an important …

Envision Captive Consultants Celebrates Successful 2nd Renewal with Phoenix Contractor’s Captive

PHOENIX, AZ, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- The Phoenix Contractor’s Captive, a program under Envision Captive Consultants, proudly announces its successful second renewal, marking a significant milestone in its journey as an …

New State-Approved DriveSafe Online Nevada Traffic Safety Course Helps Drivers Dismiss Tickets and Save Money

DMV-Approved Online Defensive Driving Course Also Helps Nevada Drivers Remove Demerit Points and Earn Insurance Discounts WICHITA, KS, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- DriveSafe Online is pleased to announce that its Nevada …

Lydonia Recognized with UiPath 2025 Fast Track Partner Badge of Distinction in Agentic Automation

WESTWOOD, MA, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- Lydonia today announced it has been honored with a UiPath 2025 Fast Track Partner Badge of Distinction in Agentic Automation. This recognition is granted to select UiPath partners …

Benefit Advisors Network Selects Texas Firm Carroll Insurance as Newest Member

Houston-based Carroll Insurance has been accepted for membership into BAN CLEVELAND, MD, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- Benefit Advisors Network (BAN), an international network of progressive and visionary employee benefit …

4L Data Intelligence Issued New Artificial Intelligence Patent

Continuation of Core Technology Patent Addresses Collusion Detection SAN RAMON, CA, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- 4L Data Intelligence™, the healthcare program and payment integrity company powered by patented Integr8 AI Risk …

Dr. Doreen Fukushima of Ho'ola Pono Recently Featured on Close Up Radio

PEARL CITY, HI, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- Abraham Lincoln once stated that “a man who represents himself, has a fool for a client.” However, regarding the experiences surrounding our guest, it seems to be the opposite. As …

ACCURE Battery Intelligence Launches PCS Analytics™ and Tasks™ to Maximize BESS Uptime and Close the O&M Loop

New features streamline BESS operations with AI-powered insights and end-to-end task management. AACHEN, NORTH RHINE-WESTPHALIA, GERMANY, May 6, 2025 /⁨EINPresswire.com⁩/ -- ACCURE Battery Intelligence, the leading provider of end-to-end safety …

Turris and Loro Collaborate to Give MGAs and Carriers the Advantage in Compliance and Digital Distribution

New Turris-Loro integration automates agent onboarding and compliance, slashing back-office costs and accelerating insurance distribution. NEW YORK, NY, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- Turris, the AI-enabled fintech specializing in …

Medista Expands AI Healthcare Ecosystem to Power Patients, Providers, and Payers

Medista strengthens its AI-first platform, delivering preventive, diagnostic, and clinical support for individuals, clinicians, and insurers. NEW YORK, MD, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- Medista is accelerating its expansion in …

Accountability through autonomy - SalesScreen launches Missions to give sales reps control over their own targets

Missions help break up large and overwhelming targets into smaller milestones and give sales reps autonomy to set and achieve personal targets. NEW YORK, NY, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- SalesScreen, the world’s leading sales …

Autoimmune Arthritis May Go Undiagnosed Despite Normal Blood Tests, Says American Board-Certified Rheumatologist

DUBAI, UNITED ARAB EMIRATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- A growing number of patients experiencing persistent joint pain and inflammation may be living with undiagnosed autoimmune arthritis, even when standard blood tests return normal …

Loyesys Expands into the European Market with AI-Powered Loyalty Solutions

LONDON, LONDON, UNITED KINGDOM, May 6, 2025 /⁨EINPresswire.com⁩/ -- Loyesys, a leading loyalty program provider and a subsidiary of The Cohen International Group (TCIG), is proud to announce its expansion into the European market, starting with the …

Peloton Consulting Group Launches InsuranceXcelerate: Specialized Oracle Cloud EPM Solution for Insurance Planning

Empowering insurers to modernize planning amid market volatility and evolving regulatory demands BOSTON, MA, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- Peloton Consulting Group, a leader in Oracle Cloud implementations and digital …

Soluta Elevates Don Garlitz to Chief Revenue Officer to Accelerate Strategic Growth Momentum

AUSTIN, TX, UNITED STATES, May 6, 2025 /⁨EINPresswire.com⁩/ -- Soluta, a leader in delivering innovative employee benefits billing and reconciliation solutions, is pleased to announce the promotion of Don Garlitz to Chief Revenue Officer. In this role, …

Trisura Chief Executive Officer David Clare to Hold Virtual Fireside Chat with BMO Capital Markets

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU) Chief Executive Officer, David Clare, will join BMO Capital Markets Analyst, Tom MacKinnon, in a virtual fireside chat to discuss the company’s first …

United Fire Group, Inc. reports first quarter 2025 results

First quarter net income of $0.67 per diluted share  and adjusted operating income of $0.70 per diluted share First quarter 2025 highlights compared to first quarter 2024, unless otherwise noted:(1) Net income increased 31% to $17.7 million. Net investment …

Beyond Trust Company Limited Unveils New Hong Kong Office: A Fusion of Finance and Art

Beyond Trust announces the opening of its Hong Kong office, a space designed to celebrate Chinese financial history and culture. HONG KONG, HONG KONG, CHINA, May 6, 2025 /⁨EINPresswire.com⁩/ -- Beyond Trust Company Limited, a leading trust …

Hawaii Medical College Launches Basic Nurse Aide Program to Meet Growing Healthcare Demand

HONOLULU, HI, UNITED STATES, May 5, 2025 /⁨EINPresswire.com⁩/ -- Hawaii Medical College is proud to announce the launch of its Basic Nurse Aide Program, designed to provide students with the essential skills and training required to enter the …

Still Water Wellness Group Launches Innovative Couples Rehab Program in Orange County

Still Water Wellness expands couples rehab program to meet growing demand in Orange County. ORANGE COUNTY, CA, UNITED STATES, May 5, 2025 /⁨EINPresswire.com⁩/ -- Still Water Wellness Group, a leading addiction treatment center in Orange County, …