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The income of South Korean insurers increased by 33% according to the results of 2017 year

This is the preliminary data of the financial controller of South Korea. As reported in its official press release by the Financial Supervisory Service of the country (FSS), South Korean insurers registered an aggregate net profit of $ 7.2 billion based on the results of work in 2017, which is 33% more than in the previous year.
The income of South Korean insurers increased by 33% according to the results of 2017 year

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

https://www.ukrstrahovanie.com.ua/news/po-itogam-2017-goda-pribyil-yuzhnokoreyskih-strahovshhikov-uvelichilas-na-33

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