Korea:088350

South Korea's Hanwha Life to acquire majority stake in U.S.-based Velocity Clearing, allowing both companies to target global markets

Milestone transaction will mark the first time a Korean insurance company has acquired a controlling interest in a foreign brokerage firm SEOUL, South Korea and NEW YORK, Nov. 20, 2024 /PRNewswire/ -- Hanwha Life, South Korea's first life insurance company, today announced it has agreed on the 1...

2024-11-20 22:00 1172

South Korean Insurtech Carrot has acquired the exclusive right to use for BBI (Behavioral-Based Insurance)

Safe drivers can get up to 20% off their insurance premium through behavioral-based insurance * Carrot launched a behavioral-based insurance on May 30, offering up to a 20% discount on premiums for policyholders who drive safely. * Over the past years, Carrot has collected data from 1.5 milli...

2024-08-05 08:00 1953