East Asia · KP · KPW
North Korea
조선
4 licensed entities supervised by the Central insurance guidance institution (no independent supervisor).
- Listed insurers
- 4
- Insurance classes
- 3
- Groups present
- 0
A sense of place
Beyond the numbers.
Heritage, places of work and the landscapes that connect them. Three selected references behind this artistic portrait.
Local names, languages & illustration notes
Selected local names and languages, with links to the references behind this artistic composition.
North Korea
- Korean
- 조선
Name reference: mledoze/countries · ODbL data · ODbL licence. Flag artwork: flag-icons · MIT.
By class of business
Each company is counted once, under the class its register row records. The supervisor’s own tally counts licences, so a company licensed for more than one class appears more than once there.
By ownership
Verification log
Partially verified - insurers named in sanctions designations (US Treasury, UN Security Council) and in press reports of DPRK state-portal listings · US Treasury press release jl0677, 2 Dec 2016 (https://home.treasury.gov/news/press-releases/jl0677); OpenSanctions entity page for KNIC (https://www.opensanctions.org/entities/NK-ZVAffn8ced83sWQMcTguHB/); Korea Times "NK sets up reinsurance firm" (Jan 2019, citing Naenara) (https://www.koreatimes.co.kr/www/biz/2019/01/488_261417.html); Insurance Business Asia "North Korea launches three general insurers" (19 Feb 2019, citing Yonhap and the Korea Institute of Finance); all retrieved 2026-09-26. No official register exists; no count stated.
Four insurers are named by credible sources: KNIC (state insurer since 1947) plus three companies set up in 2016-2017 to serve foreign investors in the special economic zones. Names are romanised differently across sources (Pukguksong = Polestar; Mirae = Future Re). Rainbow Intermediaries (Pyongyang, est. 2015) is a broker and is excluded. There is no public register, so these may not be all of them. A 2020 NK News piece says four DPRK insurers opened Naenara websites, which fits the four here. Ownership of the three newer companies is not stated by any source; SO is presumed because the DPRK economy is state-owned.
Licensed insurers in North Korea
| Company | Class | Parent / group | Ownership | Regulator | Verification | Popularity |
|---|---|---|---|---|---|---|
| Korea National Insurance CorporationState-owned Also Choson Minjok Pohom Chongguk / Korean National Insurance Company (KNIC); aliases incl. Korea Foreign Insurance Company. State insurer founded 1947 (life and non-life, plus reinsurance placed abroad). SANCTIONED: OFAC-designated 2 Dec 2016 (linked to Office 39); UN Security Council listing KPe.048 under resolution 2371 (5 Aug 2017), implemented by the EU and UK in 2017; the EU had also sanctioned KNIC and its London branch autonomously in 2015-2016. Composite class assumed; lines not published. | CComposite | Government of North Korea | State-owned / parastatal | Central insurance guidance institution (no independent supervisor) | Partial | — |
| Pukguksong Insurance CompanyState-owned Also Polestar Insurance Company. Non-life insurer (fire, technology/engineering, agriculture), established August 2016 per Naenara as reported by Korea Times. State ownership presumed, not stated. Not individually sanctions-listed as far as checked. | GGeneral (Non-life) | Parent not named in register | State-owned / parastatal | Central insurance guidance institution (no independent supervisor) | Partial | — |
| Samhae Insurance CompanyState-owned Marine, maritime cargo and aviation insurer, established October 2016 per Naenara as reported by Korea Times. State ownership presumed, not stated. | GGeneral (Non-life) | Parent not named in register | State-owned / parastatal | Central insurance guidance institution (no independent supervisor) | Partial | — |
| Mirae Reinsurance CompanyState-owned Also Future Re Company. Described as the DPRK's first and only reinsurer, established October 2017 per Naenara. State ownership presumed, not stated. | RReinsurer | Parent not named in register | State-owned / parastatal | Central insurance guidance institution (no independent supervisor) | Partial | — |
No insurers match that filter.
Popularity is an estimate of how often people search Google for each insurer, from 0 to 100; the bars show how confident the estimate is. Not a rating of the insurer. How the index works
East Asia
