Korea: Surge in international travel drives travel insurance

Published on April 1, 2025
A huge surge in overseas travel has resulted in a spike in the demand for travel insurance products from non-life insurance companies.
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UK bulk annuity market hits record £47.6bn in 2024: Aon

April 1, 2025
Aon, a risk management and professional services firm, has provided its 2024 UK Risk Settlement Market Update, highlighting a year of significant milestones for the bulk annuity and longevity swap markets.According to the report, the UK bulk annuity market witnessed exceptional activity in 2024, setting new records in both transaction volume and deal numbers.The total volume of bulk annuities reac

Korean wildfires will prompt insurers to strengthen cat insurance: S&P

April 1, 2025
South Korea’s worst wildfire in history could prompt insurers to strengthen their risk management and underwriting expertise, and to potentially seek more protection through reinsurance, as the event could make individuals seek more protection against catastrophe and weather-related events, according S&P Global Ratings analysts.“South Korea’s wildfires will lead to moderately higher claims for pro