KOREAN CAR INSURANCE PREMIUMS CAN RISE

South Korea's non-life insurers are expected to raise the premiums for the car policies. This will be initiated in January 2020 by an average of 3.5 percent. The premium is raised to balance increasing losses from higher loss ratio.

According to the data released on Monday, Korea’s four major non-life insurers have already set their increased auto insurance rates. KB Insurance has raised its rates by 3.5 percent. It will be....