Turkish Insurance News

Korean insurers turn to hybrid securities to boost capital

Korean insurers turn to hybrid securities to boost capital
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07 Mart 2018 - 21:36

Demand for hybrid securities among insurers in Korea is on the rise, ahead of the introduction of the new global accounting and stricter local capital standards in 2021.

Among the firms rushing to issue hybrid securities is Hanwha Life with a planned US$1 billion issuance abroad.

The new issue is expected to raise Hanwha Life’s risk-based capital ratio by more than 20 percentage points.

Earlier this year, Hyundai Life Insurance also issued W60 billion worth of hybrid securities to its largest shareholder, Hyundai Commercial.

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