Hanwha Life Insurance Explained

Hanwha Life
Native Name:한화생명
Native Name Lang:ko
Type:Public
Industry:Insurance
Predecessor:Korea Life Insurance
Foundation:September 9, 1946
Location Country:South Korea
Key People:Seung Joo, Yeo(CEO), Dong Won, Kim(CGO)
Revenue:US$9.5bn (2013, 9months)
Net Income:

Hanwha Life Insurance is a massive insurance company with total assets exceeding 100 trillion won as of the end of 2023. It is part of the Hanwha Group.

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 pensions, 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.[1]

Culture

Hanwha Life Insurance has an e-sports team, Hanwha Life Esports, that competes in League of Legends Champions Korea.[2] [3]

Branches

  • Hanwha Life Insurance Vietnam[4] [5]
  • Hanwha Life Instance Indonesia[6]

External links

Notes and References

  1. Web site: Hanwha life insurance. January 1, 2018.
  2. Web site: Hanwha Life Forms Esports Division After Acquiring LCK Team ROX Tigers – ARCHIVE - the Esports Observer. April 16, 2018.
  3. Web site: Hanwha Life Esports.
  4. Web site: 2023-06-23 . Korean insurance companies seek new growth engine in Vietnam . 2023-11-23 . . en.
  5. Web site: Global . K. E. D. . Cheon . Jongwoo . Hanwha Life sees cumulative profit in 15 years in Vietnam . 2023-11-23 . KED Global . en.
  6. Web site: Suk-yee . Jung . 2023-03-31 . Hanwha Life Insurance Takes Over Lippo General Insurance in Indonesia . 2023-11-23 . Businesskorea . ko.