Tag: German Insurer Allianz to Pull out of Korea

Insurance

German Insurer Allianz to Pull out of Korea

Germany’s Allianz, the world’s top insurance company, is pulling out of the Korean market after selling Allianz Life Insurance Korea to China’s Anbang Insurance Group at a cut-rate US$3 million. Anbang announced the deal on Wednesday on Chinese messaging app WeChat. The sales price came as a shock to industry […]