Big Four Insurance Companies Show Reluctance Even with 1% Commission Fee… Are They Going to Raise Car Insurance Premiums?
The Big Four insurance companies in South Korea (Samsung, DB, Hyundai, KB) are showing signs of slightly increasing car insurance premiums for online channels (CM) next year. The Big Four insurance companies in South Korea (Samsung, DB, Hyundai, KB) are showing signs of slightly increasing car insurance premiums for online channels (CM) next year. As the government intervenes in pricing to activate the underperforming insurance comparison services among the three major financial platforms (debt refinancing, savings, and insurance), these companies are developing additional countermeasures. The financial authorities have stated that they will take strict action if insurance companies increase the burden on consumers with high insurance premiums, even though they anticipate additional reductions in commission fees. According to financial authorities and the insurance and fintech industries on October 1, discussions between insurance companies and platforms regarding the ‘Car Insuran...