South Korea Banking & Financial Services Q4 2019
Ageing demographics have curtailed new business sales in the life segment and boosted lapses. The result is thatpremium growth will likely be quite pedestrian through the forecast period. Conversely, sales of long-term products such as disabilityinsurance will boost the rise of premiums in the non-life segment. In part because of low interest rates, levels of profitability willremain low for some insurers.
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