North Korea · East Asia · class C
Composite insurance companies in North Korea
1 licensed composite insurer, 25% of the 4 insurance entities supervised by the Central insurance guidance institution (no independent supervisor). Licensed to write both life and non-life business under one entity.
| 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 | — |
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
About composite insurers in North Korea
How many composite insurers are licensed in North Korea?
1 of the 4 licensed insurance entities this directory lists in North Korea is classified as composite (25%). Partially verified against the regulator register.
Who regulates composite insurers in North Korea?
Central insurance guidance institution (no independent supervisor) (Central insurance guidance institution (no independent supervisor)). Regime: Insurance Law of the DPRK (1995, amended 2015); operating permits from the central insurance guidance institution; state-directed market.
Who owns the composite insurer in North Korea?
The one licensed composite insurer in North Korea is state-owned or parastatal (Government of North Korea), as recorded in the register.
Data: /api/v1/countries/north-korea.json (filter by class = "composite"). Licence CC BY 4.0, attribute KAFS North America.