[Korea gimmingyeong financial newspaper reporter] 'can reap a good profit "for the current state of the domestic insurance industry by opening the' 1000 total assets dynasty" came the diagnosis. But he added that in the face of slow growth, low fertility and a new environment called a "three low" as represented by low interest rates, insurance industry needs to ensure competitiveness that can last forever.
Gimhaksu Financial Services Financial Services Commission director, said attending the 43rd insurance executive and CEO Breakfast Meeting held in Seoul Plaza Hotel 14 days Tuesday.
Gimhaksu Director '2015 was presented the insurance industry more competitive through innovation roadmap autonomy and the insurance industry, "he said" In the meantime I want to come talk to achieving qualitative growth "and opened the presentation.
Gimhaksu Commissioner cited the high interest rates and low birth rate, aging population on the environment surrounding the insurance industry this year. Particularly with respect to the recent interest rate hike rated as "double-edged sword 'asset management can increase yields, but losses, RBC ratio will deteriorate, such as the negative side, he said.
In addition, the aging rate of the country is referred to as the world's number one said "will be inevitable changes in the insurance industry growth strategy '. Gimhaksu director listened to illustrate the popularity of savings-type insurance products one said 'this change in population structure would require a change in the structure of insurance products "to meet the needs of an aging compared.
Although diagnosed for the profitability of insurance companies 'good level' future trend is uncertain, the outlook naenwatda. In particular, insurers said it would need to generate new sources of revenue from the prolonged low interest rate trend.
"RBC higher percentage of insurers are currently evaluating the results of the cost of insurance liabilities, also stressed that health was preaching that" the required goods sold high-interest + long-term low-interest thorough preparedness for +21 years of implementation IFRS17 '.
Gimhaksu Commissioner to announce the end is a fable, everything here is Rhodes, here ttwieora 'horse cited as "three low (low growth, low interest rates, low birth rates) are competitive this year the insurance industry facing a new environment can continue permanently of securing essential for said the message.
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