6+ hour, 17+ min ago  (497+ words) Auto Insurance Industry Faced 708 Billion Won Deficit Last Year'Businesskorea Declining premiums and rising loss ratios contributed to a combined ratio of 103.7%, pushing the sector into a deficit structure The auto insurance market returned to a deficit structure last year. With…...

2+ mon, 4+ day ago  (257+ words) Major non-life insurance companies" car insurance loss ratios failed to escape the deficit zone throughout last year. Particularly in December last year, the loss ratio soared as seasonal factors such as heavy snowfall and icing were added. The cumulative loss…...