Developments in Korea's Bancassurance Life Insurance Market

Hiroshi Matsuoka 

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The life insurance markets in Korea and Japan share many similarities. Bancassurance, or the sale of life insurance products by banks, was deregulated at around the same time in both countries. Due to the affinity for saving-type products in Korea's life insurance market, bank assurance has performed well from the start. However, recognizing its downside for consumers and life insurers, regulators have pushed back the deregulation schedule.

Hiroshi Matsuoka

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