Economic Performance Of Reinsurance in South Korea
Big Market Research presents this report which provides in-depth market analysis, information and insights into the South Korean reinsurance segment, including the South Korean reinsurance segment's growth prospects by reinsurance category,Key drivers for the reinsurance segment,South Korean reinsurance segment’s growth prospects by reinsurance ceded from direct insurance and the competitive landscape in the South Korean reinsurance segment. Read The Complete Report On : http://www.bigmarketresearch.com/reinsurance-in-south-korea-key-trends-and-opportunities-to-2018-market
Big Market Research presents this report which provides in-depth market analysis, information and insights into the South Korean reinsurance segment, including the South Korean reinsurance segment's growth prospects by reinsurance category,Key drivers for the reinsurance segment,South Korean reinsurance segment’s growth prospects by reinsurance ceded from direct insurance and the competitive landscape in the South Korean reinsurance segment.
Read The Complete Report On : http://www.bigmarketresearch.com/reinsurance-in-south-korea-key-trends-and-opportunities-to-2018-market
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Key highlights<br />
• <strong>Re<strong>in</strong>surance</strong> <strong>in</strong> <strong>South</strong> <strong>Korea</strong> is treated as a category of non-life <strong>in</strong>surance, and the<br />
regulatory structure that applies to non-life <strong>in</strong>surance also applies to re<strong>in</strong>surance.<br />
• The absence of large-scale natural disasters <strong>in</strong> <strong>South</strong> <strong>Korea</strong> meant the <strong>in</strong>surance<br />
<strong>in</strong>dustry did not record major losses dur<strong>in</strong>g the review period, encourag<strong>in</strong>g direct<br />
<strong>in</strong>surers to reta<strong>in</strong> the majority of their gross written premium.<br />
• Although mandatory cessions <strong>in</strong> the country no longer exist, ced<strong>in</strong>g <strong>in</strong>surers give<br />
priority to domestic re<strong>in</strong>surers due to a regulation <strong>in</strong> late 2013 prohibit<strong>in</strong>g foreign<br />
unlicensed re<strong>in</strong>surers from operat<strong>in</strong>g
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