New York, New York – Oct. 16, 2024: The International Insurance Society (IIS) has announced the finalists for the 2024 RGA Leaders of Tomorrow award, representing a global cohort of mentees who have demonstrated exceptional leadership potential. 

Mentees authored original research on critical topics affecting the insurance and risk management sectors. A panel of seasoned insurance executives evaluated the mentees’ work, recognizing those who presented the most practical and innovative solutions. 

Kyeonghwa Kim, Chief Pricing Actuary, RGA
 

1.  Introduction 

Over the past few decades, South Korea has witnessed remarkable economic growth, emerging as the eighth-largest global life insurance market in terms of gross written premiums. 

By 2025, Korea is expected to enter a super-aged society, meaning the elderly population aged 65 and above exceeds 20 percent of the total population. This rate of aging is unprecedented, not just in Asia but across the world ^[1].