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International

South Korean insurance market likely to rebound in 2024

January 05, 2024 Reprints

South Korea-based reinsurer Korean Reinsurance Co. said that the local insurance market is expected to rebound this year, with non-life insurance market premium volume increasing by 4.4%, Asia Insurance Review reported. The reinsurer noted that general property and casualty insurance will continue to be a strong driver of growth, although it still accounts for a small portion of the complete non-life market.

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South Korean insurance market likely to rebound in 2024

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