Solvency concerns

This is despite the fact that SKW1.86trn (US$1.3bn) was recently pumped into the South Korean insurance industry

South Korea’s insurance regulator said that the solvency margin ratios of 15 insurers in the local market have dropped below the prescribed level. These include the local units of foreign groups including AXA, ING Life, HSBC, AIG and Kyobo: in all, six general insurance companies and nine life insurers.