BNP Paribas Cardif, Chubb, ABL, MetLife losing customers here Posted : 2021-02-19 15:45 By Park Jae-hyuk Mid-tier foreign life insurance companies appear to be losing their customers here, in contrast to their Korean peers, which have successfully prevented their clients from terminating their insurance contracts despite the COVID-19 pandemic. Data compiled by the Korea Life Insurance Association showed Friday that the combined size of terminated insurance contracts with four foreign life insurers here increased from a year earlier, due to lapses and surrenders during the first 11 months of last year. These data can be interpreted as resulting from a rise in the number of customers surrendering insurance policies without paying insurance premiums for a certain period of time.