Fitch downgrades the outlook of the Korean life insurance market
Fitch Ratings is downgrading the outlook of the Korean life insurance market from stable to negative.
The rating agency forecasts a continued decline in the profitability of life insurers in 2021 due to high reserve charges and lower investment returns.
The outlook for Korean non-life insurance in 2021 remains stable. According to Fitch, non-life insurers are expected to be under less pressure than their life counterparts.
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Thu, 03/12/2020 - 17:34
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