Korean insurers eye overseas alternative additions as economy recovers

Korean life insurers continue to be wary of overseas alternative assets, following a series of cuts conducted by the companies during 2020 and into this year. However, they may selectively look to add positions as the global economy recovers while continuing to seek more long-term fixed-income assets in the months to come, believes credit rating agency Moody's. The companies will also need to position themselves for an incoming reform to their capital regulatory regime, set to be …