East Asia · KR · KRW

South Korea

47 licensed entities supervised by the Financial Services Commission / Financial Supervisory Service.

By ownership

  • Domestic private28 60%
  • Foreign multinational15 32%
  • Mutual / cooperative2 4%
  • State-owned / parastatal2 4%

Verification log

Count-verified · FSS: 22 life and 31-32 non-life insurers in business (2024-25); KLIA/KNIA member lists are Korean-only

Names knowledge-based; count matches

Licensed insurers in South Korea

CompanyClassParent / groupOwnershipRegulatorVerification
AIG KoreaGGeneral (Non-life)AIGIAIGForeign multinationalFSC / FSSPartial
AXA General Insurance KoreaGGeneral (Non-life)AXAIAIGForeign multinationalFSC / FSSPartial
Carrot General Insurance
Digital
GGeneral (Non-life)HanwhaDomestic privateFSC / FSSPartial
Chubb Korea (ACE)GGeneral (Non-life)ChubbIAIGForeign multinationalFSC / FSSPartial
DB InsuranceGGeneral (Non-life)DB GroupDomestic privateFSC / FSSPartial
Hana InsuranceGGeneral (Non-life)Hana FinancialDomestic privateFSC / FSSPartial
Hanwha General InsuranceGGeneral (Non-life)HanwhaDomestic privateFSC / FSSPartial
Heungkuk Fire & MarineGGeneral (Non-life)TaekwangDomestic privateFSC / FSSPartial
Hyundai Marine & FireGGeneral (Non-life)HyundaiDomestic privateFSC / FSSPartial
Kakao Pay Insurance
Digital
GGeneral (Non-life)KakaoDomestic privateFSC / FSSPartial
KB InsuranceGGeneral (Non-life)KB FinancialDomestic privateFSC / FSSPartial
Lotte InsuranceGGeneral (Non-life)JKL PartnersDomestic privateFSC / FSSPartial
Meritz Fire & MarineGGeneral (Non-life)Meritz FinancialDomestic privateFSC / FSSPartial
MG Non-Life
Insolvent; transfer pending
GGeneral (Non-life)Under FSC administrationDomestic privateFSC / FSSPartial
NH NongHyup P&CGGeneral (Non-life)NongHyupMutual / cooperativeFSC / FSSPartial
Samsung Fire & Marine
Largest non-life
GGeneral (Non-life)Samsung GroupDomestic privateFSC / FSSPartial
Shinhan EZ General
Digital
GGeneral (Non-life)Shinhan FinancialDomestic privateFSC / FSSPartial
ABL Life
Acquired 2025
LLifeWoori FinancialDomestic privateFSC / FSSPartial
AIA Life KoreaLLifeAIA GroupIAIGForeign multinationalFSC / FSSPartial
Allianz? (exited)
Exited
LLifeIndependentForeign multinationalFSC / FSSPartial
BNP Paribas Cardif Life KoreaLLifeBNP ParibasIAIGForeign multinationalFSC / FSSPartial
DB LifeLLifeDB GroupDomestic privateFSC / FSSPartial
Fubon Hyundai LifeLLifeFubonForeign multinationalFSC / FSSPartial
Hana LifeLLifeHana FinancialDomestic privateFSC / FSSPartial
Hanwha LifeLLifeHanwhaDomestic privateFSC / FSSPartial
Heungkuk LifeLLifeTaekwangDomestic privateFSC / FSSPartial
iM Life (ex-DGB Life)LLifeiM FinancialDomestic privateFSC / FSSPartial
KB LifeLLifeKB FinancialDomestic privateFSC / FSSPartial
Kyobo LifeLLifeKyoboDomestic privateFSC / FSSPartial
Kyobo Lifeplanet
Online
LLifeKyoboDomestic privateFSC / FSSPartial
Lina Life (Chubb)LLifeChubbIAIGForeign multinationalFSC / FSSPartial
MetLife KoreaLLifeMetLifeIAIGForeign multinationalFSC / FSSPartial
Mirae Asset LifeLLifeMirae AssetDomestic privateFSC / FSSPartial
NH NongHyup LifeLLifeNongHyupMutual / cooperativeFSC / FSSPartial
Prudential Life Korea? merged into KB Life
Merged 2023
LLifeKB FinancialDomestic privateFSC / FSSPartial
Samsung Life
Largest life
LLifeSamsung GroupDomestic privateFSC / FSSPartial
Shinhan LifeLLifeShinhan FinancialDomestic privateFSC / FSSPartial
Tongyang Life
Acquired 2025
LLifeWoori FinancialDomestic privateFSC / FSSPartial
Gen Re KoreaRReinsurerBerkshire HathawayIAIGForeign multinationalFSC / FSSPartial
Hannover Re KoreaRReinsurerTalanxIAIGForeign multinationalFSC / FSSPartial
Korean Reinsurance Co
Largest domestic reinsurer
RReinsurerKorean ReDomestic privateFSC / FSSPartial
Munich Re KoreaRReinsurerMunich ReIAIGForeign multinationalFSC / FSSPartial
RGA KoreaRReinsurerRGAIAIGForeign multinationalFSC / FSSPartial
SCOR KoreaRReinsurerSCORIAIGForeign multinationalFSC / FSSPartial
Swiss Re KoreaRReinsurerSwiss ReIAIGForeign multinationalFSC / FSSPartial
Korea Trade Insurance Corp (K-SURE)XSpecialty / Credit / CaptiveKorean GovernmentState-owned / parastatalFSC / FSSPartial
Seoul Guarantee Insurance (SGI)
Guarantee
XSpecialty / Credit / CaptiveKDIC / listed 2025State-owned / parastatalFSC / FSSPartial