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Car insurers' 2025 net drops 84 pct due to rise in accidents

1+ day, 5+ hour ago  (147+ words) SEOUL, March 25 (Yonhap) -- The combined net income of insurance firms in South Korea from their auto insurance business dropped sharply from a year earlier in 2025 due partly to an increase in the number of accidents, data showed Wednesday. The combined…...

Yonhap News Agency
en.yna.co.kr > view > AEN20260324006000320

Loss rate for auto insurance down in Feb.

2+ day, 4+ hour ago  (141+ words) SEOUL, March 24 (Yonhap) -- Non-life insurers' loss rate for their auto insurance businesses fell in February due to increased insurance premiums, data showed Tuesday. The nation's four major non-life insurers, including Samsung Non-Life Insurance, logged an average loss rate of 86.7 percent…...