Insurance Companies’ K-ICS Ratio Falls Below 200% for First Time
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Insurance Companies’ K-ICS Ratio Falls Below 200% for First Time
Signage is seen on the wall of the main office building of the Financial Supervisory Service in Yeouido, Seoul. (Photo courtesy of the FSS) The Korea Insurance Capital Standard (K-ICS) ratio, an indicator of insurance companies’ soundness, has fallen below 200% for the first time since the introduction of the new solvency regime. This decline is attributed to the impact of falling interest rates and asset-liability maturity mismatches on financi…
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