South Korea's Reinsurance Market Experiencing Softening Cycle

SEOUL, South Korea (BestWire) - South Korea's reinsurance market is experiencing a softening cycle with an overall reduction in reinsurance rates in April's renewal round. With the absence of large natural catastrophes in South Korea since 2004, the market has had a low level of insurance losses...

South Korea's Reinsurance Market Experiencing Softening Cycle

SEOUL, South Korea (BestWire) - South Korea's reinsurance market is experiencing a softening cycle with an overall reduction in reinsurance rates in April's renewal round. With the absence of large natural catastrophes in South Korea since 2004, the market has had a low level of insurance...