The AGCS South Korea team has been active in the country since 2010, and in 2017 obtained a license to set up a local branch office in Seoul. Our office in Seoul serves both local and international companies, leveraging our technical expertise and experience in running international insurance programs through our service. Over 10% of our global clients have operations in South Korea protected by our programs.
Annual survey identifying business risks
Technology is breeding new threats as well as business models. Traditional risks such as natural catastrophes continue to challenge while other threats such as cyber, neck-and-neck with business interruption at the top of the Allianz Risk Barometer 2019 for the first time, reputational risk, increasing exposure to intangible assets and volatility and consolidation in the corporate environment evolve daily.