Hanwha Life Insurance

Hanwha Life Insurance Co., Ltd. (KRX: 088350) is a life insurance company in South Korea.[1] It is part of the Hanwha Group.

Hanwha Life
Native name
한화생명
Public
Traded asKRX: 088350
IndustryInsurance
PredecessorKorea Life Insurance
FoundedSeptember 9, 1946
Headquarters63 Building, Yeouido, Seoul,
South Korea
Key people
Cha, Nam Gyu (CEO)
Products
Revenue US$9.5bn (2013, 9months)
US$372M (2013, 9months)
Total assets US$78.5bn (December 2013)
ParentHanwha Group
Websitewww.hanwhalife.com
FY13 Shareholder

Hanwha Life Insurance is South Korea's second largest life insurance company with assets of 81 trillion won as of November 2013. It employs 28,000 financial planners and other employees. As of January 2014, it operates seven local headquarters, 65 regional offices and 605 branches.

History

Founded on September 9, 1946 as Korea Life Insurance, Hanwha Life Insurance Co., Ltd. is based in Hanwha Finance Center 63 in Yeouido, a landmark building of Seoul. Korea Life Insurance changed its name to Hanwha Life Insurance in October 2012.

Products

Hanwha Life Insurance's main products include Whole Life Insurance and Critical Illness Insurance; savings-type insurance, including Annuity; and others. In addition, Hanwha Life Insurance serves individual asset management through trust commodities. It also sells retirement pension, accident and health insurance and group insurance to companies, and has sales channels including individual agents, Bancassurance through agencies of banks, and an internet sales channel, Onsure.[2]

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References
  1. "Hanwha Life Insurance Q3 net income down 49.4 pct. to 73 bln won". Yonhap News Agency. November 13, 2019. Retrieved November 18, 2019.
  2. "Hanwha life insurance". Retrieved January 1, 2018.
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