A rise of average 3.5 percent to be seen in the premiums of Korean car insurance this year

The car policies’ premiums of the South Korean insurers (non-life) to be raised by 3.5 percent, from this month onward. The rise in the premiums was decided to overcome the previous losses and avoid any further.

The industry sources announced on Monday that the four major non-life insurers of Korea have decided to raise their car insurance rates. The KB insurance is to be raised by 3.5 percent from 29th January, DB Insurance by....