{
  "id": 11097427,
  "title": "Insurance Premiums Face Upward Pressure as Disclosed Rate Hits 4-Year Low",
  "url": "https://urgent.news/2026/10/01/insurance-premiums-face-upward-pressure-as-disclosed-rate-hits-4-year",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T03:36:52.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=278032"
  },
  "original_language": "en",
  "account": null,
  "summary": "The insurance industry is bracing for upward pressure on premiums as the benchmark interest rate used in pricing decisions has hit a four-year low. The Financial Supervisory Service reported that the average disclosed interest rate for next year will be 2.25%, down from 2.50% this year, marking the lowest level since 2023 and matching the rate from 2021. This decline in the assumed interest rate, which insurers use to estimate the return on premiums collected, could lead to a 5% to 10% increase in premiums as insurers seek to maintain sufficient funds for promised benefit payments. Major life insurers like Samsung Life and Hanwha Life have already reduced their disclosed interest rates despite rising market rates, but insurers are considering offsetting the higher premiums by offering reduced coverage or lower benefit limits to maintain price competitiveness.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}