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PCS explores catastrophe loss index coverage for South Korea

Industry-loss based reinsurance contracts, catastrophe bonds and industry-loss warranties (ILW's) could be coming to the South Korean reinsurance market if Property Claim Services (PCS) has its way, having reached an agreement in principle to work with the KFPA to bring its catastrophe loss index to South Korea.As we wrote recently, PCS read the full article →

Weather risk insurance slow to gain traction in South Korea

Record rainfall in South Korea in recent days has caused significant damage and loss of life from flooding and landslides. As much as 16 inches of rain was recorded in a 24 hour period in the capital Seoul, an astounding amount of precipitation for a short time span. Despite the read the full article →