Samsung Fire & Marine Insurance Co Ltd - Company Profile
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Samsung Fire & Marine Insurance Co Ltd (SFMI), through its wholly-owned subsidiaries and joint ventures, offers non-life insurance products and services. Investment income, cost efficiency, and premium earnings are the major strengths of the company, even as its combined ratio remains an area for concern. The growing general insurance segment, the short-term economic outlook of South Korea and strategic initiatives are likely to provide ample growth opportunities for the company. However, fluctuations in interest rates, competition, and risks related to online theft and hacking could affect the company’s business performance.
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