Financial Services Commission proposes reform of insurance sales commissions to address unsound practices and low retention rates, aligning with global standards on disclosure and conflict of interest prevention.
#YonhapInfomax #InsuranceSalesCommissions #FinancialServicesCommission #CommissionReform #ContractRetentionRates #IFRS17 #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56344

Hyundai Marine & Fire Insurance appoints Lee Seok-hyun as new CEO, transitions to single representative system amid record profits and regulatory challenges
#YonhapInfomax #HyundaiMarineFireInsurance #LeeSeokhyun #SingleRepresentativeSystem #IFRS17 #CapitalAdequacyRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55095

Financial Services Commission unveils comprehensive insurance reform plan to enhance consumer protection, strengthen industry responsibility, and adapt to demographic, technological, and climate changes, with 74 tasks aimed at modernizing South Korea's insurance sector.
#YonhapInfomax #InsuranceReform #ConsumerProtection #FinancialServicesCommission #ResponsibleManagement #IFRS17 #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54532

Financial authorities hold major insurance reform debate, emphasizing commitment to complete reform and transform industry practices to regain public trust and ensure sustainable growth.
#YonhapInfomax #InsuranceReform #FinancialServicesCommission #ConsumerProtection #IFRS17 #SalesChannelRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=53663

Financial authorities organize major insurance reform debate involving CEOs, industry leaders, and 100 citizens to discuss product improvements, sales channels, IFRS17, and future growth strategies.
#YonhapInfomax #InsuranceReform #FinancialAuthorities #PublicDebate #IFRS17 #SalesCommissionReform #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=53377

We Are Hiring!

Position: SAS Engineer – IFRS 17
Location: Pan India
Experience: 5+ Years
Budget: ₹16-18 LPA
Notice Period: Immediate to 30 Days

Key Skills:
SAS Programming (BASE, STAT, GRAPH, MACRO), IFRS 17, Azure Synapse, UNIX, SQL, Power BI, Data Integration, Financial Reporting.

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https://zurl.co/IeK73

Insurance Research Institute head warns of capital and liquidity pressures on insurers due to low growth and interest rates, emphasizing need for market-centered restructuring and crisis preparation in asset management.
#YonhapInfomax #InsuranceIndustry #LowGrowth #IFRS17 #CapitalManagement #RiskUnderwriting #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=52236

Insurance subsidiaries of Korean financial holding companies show record-high dividend payout ratios, acting as cash cows amid improved profits post-IFRS17 implementation
#YonhapInfomax #DividendPayoutRatio #InsuranceSubsidiaries #FinancialHoldingCompanies #IFRS17 #KICSRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50683

Life Insurance Association plans system improvements to address financial soundness issues arising from IFRS17, focusing on KICS ratio, surrender value reserves, and discount rates to support insurers' stability amid challenging market conditions.
#YonhapInfomax #LifeInsuranceAssociation #IFRS17 #KICSRatio #FinancialSoundness #SystemImprovements #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50587