Hanwha Life Insurance

Hanwha Life
Native name	한화생명
Company type	Public
Traded as	KRX: 088350
Industry	Insurance
Predecessor	Korea Life Insurance
Founded	September 9, 1946
Headquarters	63 Building, Yeouido, Seoul, South Korea
Key people	Seung Joo, Yeo(CEO), Dong Won, Kim(CGO)
Products	Annuities; Health insurance; Life insurance;
Revenue	US$9.5bn (2013, 9months)
Net income	{US$372M (2013, 9months)
Total assets	{US$78.5bn (December 2013)
Parent	Hanwha Group
Website	www.hanwhalife.com

Hanwha Life Insurance is a massive insurance company with total assets exceeding 100 trillion won as of the end of 2023. It is part of the Hanwha Group.

History

Founded on September 9, 1946 as Korea Life Insurance, Hanwha Life Insurance Co., Ltd. is based in Hanwha Finance Center 63 in Yeouido, a landmark building of Seoul. Korea Life Insurance changed its name to Hanwha Life Insurance in October 2012.

Products

Hanwha Life Insurance's main products include Whole Life Insurance and Critical Illness Insurance; savings-type insurance, including Annuity; and others. In addition, Hanwha Life Insurance serves individual asset management through trust commodities. It also sells retirement pensions, accident and health insurance and group insurance to companies, and has sales channels including individual agents, Bancassurance through agencies of banks, and an internet sales channel, Onsure.^[1]

Culture

Hanwha Life Insurance has an e-sports team, Hanwha Life Esports, that competes in League of Legends Champions Korea.^[2]^[3]

Branches

Hanwha Life Insurance Vietnam^[4]^[5]
Hanwha Life Instance Indonesia^[6]

References

^ "Hanwha life insurance". Retrieved January 1, 2018.
^ "Hanwha Life Forms Esports Division After Acquiring LCK Team ROX Tigers – ARCHIVE - the Esports Observer". April 16, 2018.
^ "Hanwha Life Esports".
^ "Korean insurance companies seek new growth engine in Vietnam". The Korea Times. June 23, 2023. Retrieved November 23, 2023.
^ Cheon, Jongwoo (ed.). "Hanwha Life sees cumulative profit in 15 years in Vietnam". The Korea Economic Daily. Retrieved November 23, 2023.
^ Suk-yee, Jung (March 31, 2023). "Hanwha Life Insurance Takes Over Lippo General Insurance in Indonesia". Businesskorea (in Korean). Retrieved November 23, 2023.

External links

Official website
Business data for Hanwha Life:

[onsure-1] "Hanwha life insurance". Retrieved January 1, 2018.

[2] "Hanwha Life Forms Esports Division After Acquiring LCK Team ROX Tigers – ARCHIVE - the Esports Observer". April 16, 2018.

[3] "Hanwha Life Esports".

[4] "Korean insurance companies seek new growth engine in Vietnam". The Korea Times. June 23, 2023. Retrieved November 23, 2023.

[5] Cheon, Jongwoo (ed.). "Hanwha Life sees cumulative profit in 15 years in Vietnam". The Korea Economic Daily. Retrieved November 23, 2023.

[6] Suk-yee, Jung (March 31, 2023). "Hanwha Life Insurance Takes Over Lippo General Insurance in Indonesia". Businesskorea (in Korean). Retrieved November 23, 2023.

[1]