{"id":892,"date":"2022-08-23T13:30:23","date_gmt":"2022-08-23T05:30:23","guid":{"rendered":"https:\/\/insurance.vincent-chen.com\/en\/?page_id=892"},"modified":"2025-03-17T16:13:14","modified_gmt":"2025-03-17T07:13:14","slug":"korea","status":"publish","type":"page","link":"https:\/\/insurance.vincent-chen.com\/en\/korea\/","title":{"rendered":"Korea"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/08\/insurance02.jpg?resize=1124%2C428&#038;ssl=1\" alt=\"\" width=\"1124\" height=\"428\" class=\"aligncenter size-full wp-image-896\" srcset=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/08\/insurance02.jpg?w=1124&amp;ssl=1 1124w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/08\/insurance02.jpg?resize=300%2C114&amp;ssl=1 300w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/08\/insurance02.jpg?resize=1024%2C390&amp;ssl=1 1024w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/08\/insurance02.jpg?resize=768%2C292&amp;ssl=1 768w\" sizes=\"auto, (max-width: 1124px) 100vw, 1124px\" \/><br \/>\nThe number of non-life insurance companies includes reinsurance companies and foreign insurance company branches in Korea.<br \/>\n(Source: <a href=\"https:\/\/www.fss.or.kr\/eng\/bbs\/B0000216\/list.do?menuNo=400085\" target=\"_blank\" rel=\"noopener\">FSS Handbook<\/a> | <a href=\"https:\/\/www.kidi.or.kr\/user\/nd6972.do?menuCode=engsite\" target=\"_blank\" rel=\"noopener\">KIDI<\/a>)<\/p>\n<ul>\n<li>Jul 2022: Chubb Life merged with LINA Life<\/li>\n<li>Nov 2021: Shihan Financial Group acquired BNP Paribas Cardif Nonlife<\/li>\n<li>Jul 2021: Shinhan Life merged with Orange Life<\/li>\n<li>Aug 2020: KB Life acquired Prudential Life<\/li>\n<\/ul>\n<table style=\"width: 100%; border-collapse: collapse;\">\n<tbody>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\" rowspan=\"2\">Year<\/td>\n<td style=\"text-align: center; border: 1px dotted;\" colspan=\"3\">Number of Insurance Companies<\/td>\n<td style=\"text-align: center; border: 1px dotted;\" colspan=\"3\">Insurance Premium Income (Billions of KRW)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">Non-Life Insurance<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">Life Insurance<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">Total<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">Non-Life Insurance<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">Life Insurance<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">Total<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2023<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">31<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">22<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">53<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">125,201.7<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">112,407.5<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">237,609.2<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2022<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">32<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">23<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">55<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">120,108.8<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">132,683.6<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">252,792.4<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2021<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">30<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">23<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">53<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">104,373.4<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">120,545.7<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">224,919.1<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2020<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">31<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">24<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">55<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">102,317.2<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">119,587.2<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">221,904.4<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2019<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">30<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">24<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">54<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">95,587.8<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">117,262.4<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">212,850.2<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2018<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">31<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">24<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">55<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">91,066.1<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">110,843.1<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">201,909.2<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2017<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">31<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">25<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">56<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">77,477.1<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">113,973.5<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">191,451.2<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2016<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">31<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">25<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">56<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">75,475.8<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">119,811.2<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">195,287.0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2015<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">31<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">25<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">56<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<td style=\"text-align: center; border: 1px dotted;\">117,213.7<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2014<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">31<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">25<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">56<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<td style=\"text-align: center; border: 1px dotted;\">110,575.3<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2013<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">31<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">25<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">56<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<td style=\"text-align: center; border: 1px dotted;\">77,236.7<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2012<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">31<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">24<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">55<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<td style=\"text-align: center; border: 1px dotted;\">115,308.6<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2011<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">30<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">23<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">53<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<td style=\"text-align: center; border: 1px dotted;\">88,587.9<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2010<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">30<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">23<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">53<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<td style=\"text-align: center; border: 1px dotted;\">83,007.4<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2009<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">30<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">22<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">52<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<td style=\"text-align: center; border: 1px dotted;\">76,956.8<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; border: 1px dotted;\">2008<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">30<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">22<\/td>\n<td style=\"text-align: center; border: 1px dotted;\">52<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<td style=\"text-align: center; border: 1px dotted;\">73,561.4<\/td>\n<td style=\"text-align: center; border: 1px dotted;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The number of non-life insurance companies includes reinsurance companies and foreign insurance company branches in Korea. (Source: FSS Handbook | KIDI) Jul 2022: Chubb Life merged with LINA Life Nov 2021: Shihan Financial Group acquired BNP Paribas Cardif Nonlife Jul 2021: Shinhan Life merged with Orange Life Aug 2020: KB Life acquired Prudential Life Year&hellip;&nbsp;<a href=\"https:\/\/insurance.vincent-chen.com\/en\/korea\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Korea<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":896,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","neve_meta_sidebar":"full-width","neve_meta_container":"","neve_meta_enable_content_width":"on","neve_meta_content_width":100,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"class_list":["post-892","page","type-page","status-publish","has-post-thumbnail","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/pages\/892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/comments?post=892"}],"version-history":[{"count":5,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/pages\/892\/revisions"}],"predecessor-version":[{"id":2024,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/pages\/892\/revisions\/2024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/media\/896"}],"wp:attachment":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/media?parent=892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}