New Financial Services Research Report from Timetric Is Now Available from Fast Market Research
The South Korean insurance industry has not recorded any major losses since 2004 due to the absence of large natural catastrophes in the country. The premium retained by insurers continued to increase during the review period and resulted in high competition over reinsurance premium rates. As a result, the South Korean reinsurance market has not registered steep growth in reinsurance premium rates in comparison to Japan or the US.
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