Covid-19 gives Korean lifers major problems, minor perks

South Korean life insurers’ near-term financial performance and business growth are likely to be constrained by the coronavirus pandemic, and they face rising investment risk if the pandemic escalates, sources told AsianInvestor. The key reasons are higher financial-market volatility and the expected interest-rate cuts by many central banks, including Korea's own, to shore up the global economy. Covid-19 has also hampered investment decisions and strategies. “Currently, all busi…