Samsung Fire & Marine Insurance

South Korea · Insurance

We aspire to become the best financial institution boasting of client-oriented attitude as well as the best financial soundness in the 21st century. We were incorporated on January 26, 1952 under the name Korea Anbo Fire Marine Reinsurance Co., only to be renamed Samsung Fire & Marine Insurance Co., Ltd. -- the name we go by today -- in December 1993. As the best domestic non-life insurance company in terms of size, financial structure, and management, we have offices in USA, Europe, and Asian countries such as China, Indonesia, Japan, and Vietnam. We are expanding our operation network in cooperation with top foreign insurance companies and continuing to grow toward becoming a world-class financial institution providing various services. We are the biggest non-life insurance company in Korea, boasting of total assets of KRW 21,704.2 billion as of November 2008 and solvency ratio of 337.2% (as of September 2008). We vow to enhance client satisfaction and shareholder value by developing competitiveness through the introduction of advanced financial technologies, reinforcement of product development capabilities, innovation of insurance marketing skills, development of underwriting techniques, professionalization of all directors and employees, and implementation of effective compensation systems.