[nyuseutomato heojieun gija] The highest interest rate for variable home mortgage loans (prime mortgages) from insurance companies was close to 8%. According to the Insurance Association on the 18th, it emerged that starting from November, interest rates on deposits of insurance companies suddenly increased compared to the previous month. In the case of life insurance companies, the interest rate for home loans (floating rate, amortization method) ranged from 5.45 to 7.78% in November, approaching the 8% range depending on the limit superior. It was up 0.6% p from 4.76-7.20% in October. In the case of P&C insurers, interest rates in November ranged between 5.32% and 6.92%, an increase of around 0.4%p compared to the previous month (from 5.07% at 6.34%). Kyobo Life Insurance had the highest interest rate among life insurers, with a top tier of 7.78%. This is a whopping 1.27% increase from the previous month (6.51%). followed by Hanwha Life Insurance (088350)The top end of the prime interest rate was 7.68%, an increase of 0.48%p in one month. In the case of P&C insurers, interest rates were lower than those of life insurers, but unlike last month, when the upper limit on the interest rate was in the initial 6% range, it moved closer to the 7% range in November %. the highest place Samsung Fire & Marine (000810)was The top end of Samsung Fire & Marine's interest rate was 6.92%, up 0.58% from the previous month. The reason interest rates on insurance company deposits have risen is because the base rate and market interest rates continue to rise. The Bank of Korea's Monetary Policy Committee decided at the end of last month to raise the base rate by 0.25 percentage points from the previous month to 3.25%. Based on the November new management announced by the Federation of Banks on the 15th, COFIX recorded 4.34%, up 0.36% from the previous month, surpassing the 4% level for the first time in history. This year, COFIX is in a continuous upward trend and October also recorded an increase of 0.58% compared to the previous month. Usually, the interest rate of insurance companies is calculated using the COFIX and 3-year Treasury Bond rates. Interest rates for insurance companies are expected to rise again in December. With insurers' lending rates reflecting market conditions later than those of banks, the impact of COFIX, which rose in November, is expected to spill over into the insurers' loan market in December. On top of that, since the US Federal Reserve (Fed) has proposed raising the interest rate by 0.5 percentage point to 5.1% on the 15th, the fact that the base rate is under pressure to raise it also adds to this perspective. Han Sang-yong, a researcher at the Korea Institute of Finance, said, 'Insurance companies' loan rates are slower than other financial companies to reflect the market rate and base rate.' An insurance industry official said: 'In a situation where the base interest rate and the market interest rate are rising, the primary fund of the insurance company has no choice but to be affected.' However, there are also rumors that the insurance industry will begin to adjust the main mortgage business out of concerns over household debt regulation due to increased lending. An insurance company official predicted, 'There are continued concerns that delinquent borrowers could increase during the period of interest rate hikes, so we are conducting a rigorous loan review.'