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Korea | General Insurance


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