Korean insurance acquisitions are accelerating as banks, insurers and securities firms compete for strategic assets to strengthen earnings and diversify their financial services businesses. Several major sale processes involving Lotte Non-Life Insurance, KDB Life Insurance and Yebyeol Non-Life Insurance are expected to reach important milestones during July and August. Banks are seeking to expand non-bank revenue streams, while securities firms are pursuing insurance licences

MG Non-Life Insurance’s third attempt to secure a new owner has failed, highlighting concerns over its financial health. Samjong KPMG,...

At the International Social Wellbeing Conference 2024, EPF CEO Ahmad Zulqarnain Onn emphasised the need for reforms in Malaysia’s...