At the same time, South Korea's life insurance companies received an aggregate net profit of $ 3.6 billion in 2017, which is 63.4% higher than the previous period. The total net profit of general insurance companies increased by 11.8% to 3.5 billion US dollars.
As reported in the official release of FSS, an increase in interest rates contributed to the growth of income of life insurance companies. In addition, the growth of income from dividends and from interest has led to an increase in investment income of life insurers.
Sources:
https://english.fss.or.kr/fss/eng/p/news/pr_list.jsp?bbsid=1289277491315
file:///C:/Users/user/Downloads/1518049245511_1518049245478%20(1).pdf
