Reinsurance outlook is back to stable; fintech adoption jolts Korea’s insurers

The insurance group’s Helena Kingsley-Tomkins explains what’s driving the global reinsurance outlook shift to stable from negative. Plus, Young Kim tells us how evolving technology and rising fintech competition are transforming Korea’s insurance business.Inside this episode:Young Kim tells us how evolving technology and rising fintech competition are transforming Korea’s insurance business. (begins at 1:45 mins)Helena Kingsley-Tomkins explains what’s driving the global reinsurance outlook shift to stable from negative. (begins at 9:35 mins)Related content:Reinsurance – Global - Change to stable outlook reflects sound pricing, economic rebound - We have revised our outlook on the reinsurance sector to stable from negative, reflecting continued reinsurance price increases as the global economy recovers from the pandemic.Insurers – Korea - Stakes are rising in fintech adoption - Digital transformation will bring new business opportunities and operational efficiencies to Korean insurers but also heightens competition and adjustment risks they face.