Increase follows integration with Carrot General Insurance
Roxanne Libatique Apr 07, 2026
Persistent motor losses force modest premium rise after five years
Flexible payments aim to match the income patterns of gig workers
Insurers flag cross-border coverage gaps
Co-funded premiums, policyholder standards, and coverage limits set in rules
New facility eliminates coverage gaps across developers, fleet operators, and manufacturers
Proposed reduction could shift insurers’ balance of equities and capital
Consultant says doctors and lawyers help exaggerate accident injury claims
New pricing lifts typical annual motor premium by about KRW9,000
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