News Non-Life03 Nov 2023

South Korea:4th biggest non-life insurer raises underwriting profitability in 2022

| 03 Nov 2023

KB Insurance (KBI) saw its underwriting profitability improve materially in 2022, mainly driven by favourable long-term line performance as a result of a decreased medical indemnity loss ratio due to several rounds of rate hikes and stabilised medical claims, notes AM Best.

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