What will capital requirement changes mean for South Korean insurers?

New South Korean capital requirements are expected to relieve insurers’ capital burden while raising their capital flexibility and quality, said Fitch Ratings in an analysis to new changes laid down by the watchdog.

Earlier this month, the South Korean regulator, the Financial Supervisory Service, announced a lower capital adequacy benchmark for insurers. The reduced capital burden would also alleviate financial pressure on insurers, making it easier for them to comply with regulatory requirements.

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