Allianz Completes Sale of S Korean Unit to Anbang
China’s Anbang Insurance Group has completed its acquisition of the South Korean life insurance unit of German-based Allianz. Allianz made the announcement eight months after Anbang signed a deal to…
Korea Insurance News: False Insurance Claims to Cost USD500M
Data released by the National Health Insurance Service (NHIS) showed that false and unfair insurance claims by medical providers will cost the South Korean government about KRW600 billion (US$503 million)…
Allianz Seeks License to Sell Corporation Insurance in Korea
Allianz SE is hoping to get regulatory approval to establish another business in Korea that will specialise on selling corporate insurance. According to an executive at the Financial Services Commission…