South Korea: Non-life insurance market growth expected to be boosted by most business lines

Analysts at Goldman Sachs expect rate firming to persist in reinsurance lines of business through the rest of 2023, with a deceleration in the January 1st, 2024, renewal rate changes, and pricing to normalise in late 2024.Despite reinsurance pricing normalisation anticipated late next year, analysts still expect to see continued underlying margin improvement for reinsurance companies from adjustme