AI becomes succession test for Korea’s life insurance heirs

Major life insurers in Korea are accelerating the handover of management to third-generation leaders, with Hanwha Life Insurance and Kyobo Life, the country’s second- and third-largest players, elevating digital technology and artificial intelligence as central pillars of succession. The moves also come as both companies prepare for broader structural shifts, including potential transitions toward holding firm and global group frameworks. At Hanwha Life, President and Chief Global Officer Kim Do