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South Korea: Insurers' risk-based capital ratio up in first quarter of 2014

May 21, 2014 - 6:00am

South Korea's Financial Supervisory Service said the risk-based capital ratio of the country's insurers averaged 283.3% in the first quarter of 2014, up 5 percentage points from the prior quarter, Yonhap News Agency reported.

Nonlife insurers posted 253.1% on average for the quarter.

Insurers are required to maintain a risk-based capital ratio of 150% or more, and should it fall below 100%, local authorities can take action against the company.

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