The list includes general insurance companies and reinsurance companies. The latest information is subject to General Insurance Association of Korea.
- Shinhan EZ acquired BNP Paribas Cardif General Insurance in June 2022 for 40 billion won ($34 million).
CompanyPremium Income
Company Name | Address | Telephone | Actuarial Software |
Meritz Fire & Marine Insurance Co., Ltd | Meritz Tower, 382 Gangnamdae-ro, Gangnam-gu, Seoul 06232 | 82-2-3784-2114 | Prophet |
Hanwha General Insurance Co., Ltd | Hanwha Financial Center (Yeouido), 56 Yeouidae-ro, Yeongdeungpo-gu, Seoul 07325 | 82-2-316-0582 | |
Lotte Insurance Co., Ltd | 3, Sowol-ro, Jung-gu, Seoul 04528 | 82-1588-3344 | Prophet |
MG Non-Life Insurance Co., Ltd | 335, Teheran-ro, Gangnam-gu, Seoul 06150 | 82-2-3788-2000 | |
Heungkuk Fire & Marine Insurance Co., Ltd | 68, Saemunan-ro, Jongno-gu, Seoul 03184 | 82-2-2002-6001 | |
Samsung Fire & Marine Insurance Co., Ltd | 14, Seocho-daero 74-gil, Seocho-gu, Seoul 06620 | 82-2-1588-5114 | |
Hyundai Marine & Fire Insurance Co., Ltd | 163, Sejong-daero, Jongno-gu, Seoul 03183 | 82-2-1588-5656 | Prophet |
KB Insurance Co., Ltd | 117 Yeheran-ro Gangnam-gu, Yeoksam-dong, KB Insurance Bldg, Seoul 06134 | 82-2-6900-3161 | Prophet |
DB Insurance Co., Ltd | Dongby Financial Center, 432, Teheran-ro, Gangnam-gu, Seoul 06194 | 82-2-3011-3190 | |
Seoul Guarantee Insurance Co., Ltd | 29, Kimsangok-ro, Jongno-gu, Seoul 110-737 | 82-2-1670-7000 | |
AXA General Insurance Co., Ltd | 11F Hanjin Bldg, 4, Hangang-daero 71-gil, Yongsan-gu, Seoul 04322 | 82-2-3479-4827 | Prophet |
AIG Korea Inc. | 27th, Two IFCM 10 Gukjegeumyunng-ro, Youndeungpo-gu, Seoul 07326 | 82-2-1544-2792 | |
Hana Insurance Co., Ltd | 88, Yulgok-ro, Jongno-gu, Seoul | 82-2-1566-3000 | Prophet |
NongHyup Property & Casualty Insurance Co., Ltd | 60 Chungjeong-ro, Seodaemun-gu, Seoul | ||
KakaoPay Insurance | 4th Fl. Alphadom Tower, 152, Pangyoyeok-ro, Bundang-gu, Seongnam-si, Gyeonggi-do | 82-31-8063-2400 | Prophet |
Shinhan EZ General Insurance | 7th Fl. Shinhan L Tower, 358, Samil-daero, Jung-gu, Seoul 04542 | 82-2-1544-2580 | |
ACE American Insurance Company | 7/F The-K Twin Towers B, 50 Jongro 1-gil, Seoul | 82-2-2127-2400 | Prophet |
Carrot Insurance Company | 100, Eulji-ro, Jung-gu, Seoul | 82-2-6226-0122 | |
Korean Reinsurance Company | KoreanRe Bldg. 11F, Jongno 5-gil, 68 (Susong-dong), Jongno-gu, Seoul 03151 | 82-2-3702-6000 | Prophet |
RGA Reinsurance Company | Seoul Finance Center 9F 84, Taepyeongno 1-ga, Jung-gu, Seoul 100-768 | 82-2-6730-1350 | Prophet |
No. | Company | Market Share | Premium Income (Billion KRW) | ||
2022 | 2021 | 2020 | |||
1 | Samsung | 20.3% | 24,331 | 24,068 | 24,481 |
2 | DB | 16.0% | 19,270 | 17,845 | 16,010 |
3 | Hyundai | 15.1% | 18,104 | 16,480 | 16,454 |
4 | Meritz | 14.7% | 17,709 | 10,030 | 9,151 |
5 | KB | 13.3% | 15,977 | 13,183 | 13,162 |
6 | Hanwha | 5.1% | 6,121 | 5,977 | 5,977 |
7 | Lotte | 4.0% | 4,769 | 6,659 | 4,249 |
8 | NH | 3.5% | 4,199 | 4,026 | 3,723 |
9 | Heungkuk | 2.7% | 3,207 | 3,229 | 3,205 |
10 | SGI | 1.7% | 2,075 | 2,020 | 2,023 |
11 | MG | 1.0% | 1,162 | 1,177 | 1,167 |
12 | AXA | 0.7% | 885 | 892 | 851 |
13 | ACE | 0.6% | 677 | 664 | 650 |
14 | AIG | 0.5% | 645 | 611 | 591 |
15 | Hana | 0.5% | 569 | 553 | 520 |
16 | Carrot | 0.3% | 308 | 171 | 30 |
17 | Shinhan EZ | 0.0% | 44 | 49 | 23 |
18 | Mitshui Sumitomo | 0.0% | 21 | 17 | 18 |
19 | Allianz | 0.0% | 19 | 17 | 15 |
20 | First American | 0.0% | 13 | 17 | 13 |
21 | Kakao Pay | 0.0% | 0 | – | – |