Samsung Fire & Marine Insurance's K-ICS drops 15 points under climate shock... distinctive scenario-based preparedness

Samsung Fire & Marine said climate-scenario analysis shows its K-ICS ratio could fall by up to 15.5 percentage points under physical and transition risks.

The key pressures include more natural disasters, lower asset values in high-carbon sectors, and delayed policy transition, affecting both underwriting and investments.

The company is also expanding coal-exclusion finance and green investments as part of its climate-risk response.

The findings quantify how climate change could directly weaken insurers’ losses, asset values, and capital adequacy.