South Korea’s general insurance market to slow in 2020

General insurance business in South Korea is expected to stagnate in 2020, largely due to Covid-19, according to GlobalData. The sector is predicted to see growth declining to 0.7% in 2020, as compared to the 2.8% in 2019. GlobalData said it revised the insurance forecast for South Korea in the aftermath of the Covid-19 outbreak. It said South Korea’s general…

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