Samhae Insurance Company

GGeneral (Non-life)State-owned / parastatalPartially verified against the regulator register

Marine, maritime cargo and aviation insurer, established October 2016 per Naenara as reported by Korea Times. State ownership presumed, not stated.

Official sources

Central insurance guidance institution (no independent supervisor) regulator profile

This directory holds no official website for Samhae Insurance Company: the Central insurance guidance institution (no independent supervisor) register does not publish one and no sourced profile has been accepted. The register is the authoritative record of who is licensed.

Class of business: General (Non-life)Short-term property, casualty, motor, marine and other non-life covers.
Parent / group: Parent not named in registerThe register records no parent for this entity, which is not a finding that it has none.
Ownership: State-owned / parastatalOwned wholly or partly by a national government or parastatal.Ownership is what the Central insurance guidance institution (no independent supervisor) register or workbook records. It does not by itself mean the government guarantees this insurer’s policyholder liabilities.
Regulator: Central insurance guidance institution (no independent supervisor)
Local currency: KPW
Source basis: Insurance Business Asia, "North Korea launches three general insurers" (19 Feb 2019), https://www.insurancebusinessmag.com/asia/news/breaking-news/north-korea-launches-three-general-insurers-159130.aspx; Korea Times, "NK sets up reinsurance firm" (Jan 2019), https://www.koreatimes.co.kr/www/biz/2019/01/488_261417.html; retrieved 2026-09-26
Country verification: 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.
Identifiers: slug north-korea-samhae-insurance-company · row 2567/api/v1/insurers/north-korea-samhae-insurance-company.json

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