South Korea Insurance Growth, India Digital Shift, Lockton Expands in Saudi Arabia

South Korea's life insurance sector is projected to experience steady growth, with direct written premiums (DWP) increasing at a compound annual growth rate (CAGR) of 2.8% from KRW116.6 trillion ($100.4 billion) in 2021 to KRW133.7 trillion ($117 billion) by 2026. This growth indicates a resilient insurance market and expanding opportunities within the region. Meanwhile, India's general insurance market is undergoing significant digital transformation, shifting from paper-based processes to digital systems, enhancing product offerings and operational efficiency, highlighting a broader trend in emerging insurance markets towards modernization and innovation. Additionally, Lockton, the world's largest privately held independent insurance broker, is expanding its global footprint by establishing a physical office in Saudi Arabia, signaling increased activity and strategic investment in the Middle Eastern insurance landscape.