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Kakao Pay Insurance bucks digital insurer retreat with rapid growth and narrowing losses, as Kyobo Lifeplanet to be absorbed by parent Kyobo Life by April 2027
Kakao Pay Insurance is moving in the opposite direction of a broader retreat among Korea's first wave of standalone digital insurers, posting rapid growth while narrowing its losses and expanding its product portfolio. Meanwhile, Kyobo Lifeplanet, Korea's first online life insurer, is set to be absorbed by parent Kyobo Life in April 2027 after years of losses.
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