The Financial Supervisory Service (FSS) is intensifying its crackdown on unhealthy insurance sales by general agencies, introducing stricter oversight and new commission rules to protect consumers as South Korea’s insurance market growth slows.
#YonhapInfomax #FinancialSupervisoryService #GeneralAgencies #InsuranceMarket #CommissionReform #ConsumerProtection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65924

Financial Services Commission proposes reform of insurance sales commissions to address unsound practices and low retention rates, aligning with global standards on disclosure and conflict of interest prevention.
#YonhapInfomax #InsuranceSalesCommissions #FinancialServicesCommission #CommissionReform #ContractRetentionRates #IFRS17 #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56344