News - South Korea: Tied agents fall in numbers

May 2011
Asia Insurance Review;May2011, p51
Trade Publication
The article reports that the number of insurance sales agents who joined Korea Life Insurance Association (KLIA) as of January 2011 was 149,191, a 15 percent drop from the peak of 176,090 in December 2008. It is stated that the financial crisis in late 2008 and bancassurance's emergence contributed the most to the decline. Bancassurance reported sales of 4.1 billion dollars between April 2010 and January 2011 in South Korea.


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