financial services
Samsung Fire & Marine Insurance (SFMI) is Korea’s largest non-life insurance company, with a market share of 30 percent. Founded in 1952, its products and services meet customer needs in safety and finance, including fire insurance, marine insurance, casualty insurance, automobile insurance, long-term insurance and retirement insurance.
The company’s greatest strength lies in its sheer scale, which represents strong brand equity and outstanding product development capabilities, as well as cost efficiency and stable returns.
Samsung Fire & Marine ranks first in the Korean property and casualty insurance market in every performance category: sales, revenue, market share, customer satisfaction and service. The company has received the highest A+ ratings from S&P for four consecutive years and from A.M. Best for five consecutive years. In Korea, it has ranked 1st in National Customer Satisfaction Index (NCSI) for six consecutive years, in Korea Customer Satisfaction Index (KCSI) for nine consecutive years, and in KS-SQI for five consecutive years.
In the fiscal year 2006, direct premium written rose by 13.6 percent to KRW8.2426 trillion won. Net profit also rose by 30.2 percent to KRW341.2 billion won, on a year-to-year basis. As of the end of fiscal year 2006, total assets rose by 13.0 percent to KRW18.5116 trillion won.
In keeping with its goal of becoming a worldclass, comprehensive insurance service provider, Samsung Fire & Marine has conducted active marketing activities at home and abroad, ncluding the U.S., Europe, China, Indonesia, Japan, and Vietnam, expanding its business network through partnerships with overseas insurance companies and setting up local compensation systems in major cities around the world.
The company believes in giving back to the community. Its employees regularly participatein a variety of voluntary community service programs including traffic safety education and guide dog programs to aid the visually impaired. The company also conducts research on accident and disaster prevention.
visit samsungfire.com| Chief Executive Officer | Tae-Sun Hwang, CEO and President |
|---|---|
| No. of Employees | 5,137 |
| FY‘06 Revenue | $8.76 billion |
| Telephone No. | +82-2-1588-5114 |
| Facsimile No. | +82-2-758-4320 |
| Address | SAMSUNG Fire &s,p; Marine Insurance Bldg., 87, 1-Ka, Eulchi-Ro, Chung-Ku, Seoul, 100-191, Korea |
| Major Products | Automobile insurance, fire insurance, marine insurance, individual annuities, personal accident insurance, overseas travelers' insurance |
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