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S. KOREA TO INTRODUCE MORTGAGE INSURANCE NEXT YEAR.
SEOUL, Oct. 2 Asia Pulse - South Korean non-life insurance companies are planning to sell a policy that guarantees repayment of a mortgage loan in the event of a borrower's default, industry sources said Sunday.
According to the sources, Samsung Fire and Marine Insurance Co., the country's leading non-life insurer, is considering selling the policy early next year with such rivals as Dongbu Fire and Marine Insurance Co. following suit.
Mortgage insurance protects the lender in the event of default and usually ...
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Source: HighBeam Research, S. KOREA TO INTRODUCE MORTGAGE INSURANCE NEXT YEAR.