Samsung Life Insurance Co Ltd - Company Profile
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Samsung Life Insurance Co Ltd (Samsung Life) is a financial services company. It offers a wide range of life and health insurance and annuity products such as death benefit insurance; whole life insurance; variable whole life; term life and combination life; critical illness insurance; miscellaneous health insurance; annuities and savings insurance, and group insurance to individuals and corporate clients. The company also offers loans, corporate pension policies, funds and trust management products. Samsung Life markets and distributes its insurance products through a network of agents, financial consultants and bancassurance channel. The company, along with its subsidiaries and joint ventures, operates in South Korea, the US, the UK, Thailand, Hong Kong, and China. Samsung Life is headquartered in Seoul, South Korea.
Samsung Life Insurance Co Ltd premium industry data and analytics
Products and Services
Products |
---|
Individual Life: |
Protection-Type Insurance: |
Whole Life Insurance |
XYZ |
XYZ |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | New Products/Services | In October, the company announced the implementation of its artificial intelligence-powered Optical Character Recognition (AI OCR) system. |
2023 | Acquisitions/Mergers/Takeovers | In April, the company acquired 20% stake in Meridiam SAS. |
2022 | Contracts/Agreements | In September, the company and Samsung Fire & Marine Insurance entered into a partnership to invest in overseas real estate, infrastructure and private equities managed by Blackstone. |
Competitor Comparison
Key Parameters | Samsung Life Insurance Co Ltd | Shinhan Financial Group Co Ltd | Hanwha Life Insurance Co Ltd | Kyobo Life Insurance Co Ltd | Tongyang Life Insurance Co Ltd |
---|---|---|---|---|---|
Headquarters | South Korea | South Korea | South Korea | South Korea | South Korea |
City | Seoul | Seoul | Seoul | Seoul City | Seoul |
State/Province | - | - | Seoul | Seoul | Seoul |
No. of Employees | 5,348 | 21,689 | 3,739 | - | 990 |
Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Kang Yun Gu | Chairman | Executive Board | - | - |
Jeon Young Mook | Chief Executive Officer; Director; President | Executive Board | 2020 | - |
Seon Kim | Director; Head-Management Support; Vice President | Executive Board | - | - |
Jong Moon Park | President - Asset Management Division; Director | Executive Board | 2023 | - |
Yoo Il Ho | Director | Non Executive Board | 2022 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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