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Samsung Life Insurance

January 23rd, 2018 No comments

SAMSUNG LIFE INSURANCE


 

By : Aries Kurniawan

Information about Samsung Life Insurance

samsung life insurance

Samsung Life Insurance is a South Korean multinational insurance company which headquartered in Seoul, South Korea, and a subsidiary of the Samsung Group. Samsung Life is the largest insurance company in South Korea and the Fortune Global 500.

The main products of Samsung Life are life, health and annuities. Samsung Life is a private company from its foundation in 1957 to go public in May of 2010. Was the largest IPO in the history of South Korea’s Samsung Life and make one of the most valuable companies in the country, measured by market capitalization. Its headquarters is located in Namdaemun, a historic gate located in downtown Seoul.

Established in 1957, the company is rapidly growing and achieving a leading market position after 18 months of operation. Since then, Samsung Life Insurance has maintained its market leadership in the industry through product innovation, marketing, and distribution. In particular, growth accelerated after the company was founded by the Samsung Group in 1963.

In 1986, the company opened a representative office in New York and Tokyo. It also expanded the company’s operations abroad through cooperation in Thailand in 1997 and China in 2005. The company is the first life insurance company in Korea to reach KRW 100 trillion won of assets in 2006. On May 12, 2010, Samsung Life Insurance to go public and go for ₩ 110,000 shares in one of the biggest initial offerings and a record for the state, raising $ 4.4 billion.

Samsung Life Insurance Co. , Ltd. is a major insurance services offered by the company include life insurance , health insurance , annuities , loans , pensions Corporations , and the Trust Fund . Samsung Life Insurance Co. , Ltd. formerly known as the Life Insurance DongBang and changed its name to Samsung Life Insurance Co. , Ltd. in 1989 . Samsung Life Insurance Co., Ltd. was founded in 1957 and is based in Seoul, South Korea and now became an affiliate of Samsung Group in July 1963.

Samsung Life Insurance Co., Ltd. is a Korea -based company that specializes in life insurance business. Company’s business scope includes insurance, credit, corporate pension, and trust funds. Insurance products include life insurance, guarantee insurance, pension insurance, insurance savings and other financial plans for individual customers and corporate pension system, private health insurance and selective corporate welfare system for business customers. Mortgage loan products include medium-term loans, long and direct loans to investors such as shareholders and bondholders. Business through investment funds, insurance companies providing asset management services. Through the company’s retirement business, it provides retirement programs and related consulting services. Through the trust business, he developed a trust management product, financial planning services for asset management and others. In addition, Samsung Life sold by way of both individual and group life insurance through an extensive branch network and more than 37,000 sales agents. Reach outside of Korea, the company has operations in China, India, Japan, Thailand, United Kingdom, and the United States. Non-life insurance, property or the victim offered by sister company Samsung Fire & Marine.

Since then, Samsung Life Insurance was established that in 1957, the company has grown to become the largest and most successful as a life insurance company and a market leader in the country. Samsung has played a vital role in the growth and development of the Korean economy and improve the financial well-being of millions of Koreans.

In 2009, Samsung Life strengthens its top position in the Korean market. It was recorded 69600000000000 KRW (USD 56.5 billion) worth of new policies and KRW 468.3 trillion (USD 380.1 billion) of -force policy. The number of policies increased to 20,839,682.

Samsung also reached KRW 906 billion (USD 735.5 million) and net profit KRW 133 trillion (USD 108 billion) in total assets. Samsung Life set new standards in Korea to be a non – bank financial institutions that hold the first KRW 100 trillion in total assets and is now aiming to be one of three life insurance companies in Asia.

Samsung Life is often listed among the Fortune Global 500 in 2010, and was ranked in Fortune magazine as the world’s largest 316 companies and leading financial companies in Korea. The main objective of Samsung is ranked among the most prominent providers of financial services in the world. At the same time, Samsung Life remains committed to sharing success by continuing to support community services, arts and cultural activities, sports and social welfare programs.

Samsung is the first insurance company in Korea which received ISO 9001 and 9002 are based on the quality and reliability of service. Samsung Life is also the first company in Korea to build a website to provide customers with information about products, services, and is a leader in the use of e -business infrastructure to improve customer service. In addition, Samsung received the BS7799 certification, an international information security certificate awarded by the British Standards Institution.

Samsung offers individual, group life and ensure product about a third of the Korean population through a network of approximately 44,045 sales agents and more than 6,474 employees. Samsung is also a leading underwriter of life insurance plans and severance groups in Korea. Samsung has been a member of the International Group Program since 1980. For those of you who are interested you can contact directly at:

Samsung Life Insurance Co. Ltd.
55 , Sejong – Daero , Jung – Gu
SEOUL 100 716
Phone : +822.15883114
Fax : +822.7518100

 

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Swiss RE Insurance

December 13th, 2016 No comments

SWISS RE INSURANCE


By : Aries Kurniawan

 

Definition and history of Swiss insurance RE

 

swiss reinsurance

swiss reinsurance

Swiss Reinsurance Company Ltd. is generally known as Swiss Re , established on December 19, 1863, by Helvetia General Insurance Company nowadays uses the trade name of Helvetia insurance in St. Gallen , Swiss reinsurer Swiss Re is the second largest in the world , having acquired GE Insurance Solutions . The company has its headquarters in Zurich, and offices operate through more than 25 countries.

On May 10 and May 11 in 1861, more than 500 houses were burned in the town of Glarus. Two-thirds of the city submerged in debris and ash, approximately 3,000 homeless. Like the Hamburg fire in 1842 which led to the foundation of the first professional reinsurers in Germany, a large fire Glarus in 1861 showed that the totally inadequate insurance in Switzerland in terms of the disaster. It is therefore necessary to provide a more effective means to address the risks posed by such damage.

The articles of association of the company have been approved by the government of the Canton Zurich on December 19, 1863. The capital of the foundation, which is 15 % paid, amounting to 6 million Swiss francs. Official foundation document bears the signature poet Gottfried Keller, who at the time was the first secretary of the Canton of Zurich.

Swiss Reinsurance is the primary insurance of the World Trade Center during the Sept. 11 attacks that led to a dispute with the owner’s insurance, Silverstein Properties. On October 31 2008, Swiss Re completed the £ 762 million acquisition of Barclays PLC subsidiary of Barclays Life Assurance Company Ltd. . In 2009, Warren Buffett invested $ 2.6 billion as a part of Swiss Re’s capital increase. Berkshire Hathaway already has a 3 % stake, with rights to own more than 20 %.

After announcing the acquisition of a 14.9 % stake in Brazilian insurer SulAmérica , Swiss Re said its goal to remain a minority shareholder at this stage , as part of our main investment activities , Swiss Re are seeking attractive investment opportunities among the leading companies globally . High growth markets in Latin America, especially Brazil, is a major focus area for us and this transaction execute on that strategy. While Swiss Re’s core business remains the leading reinsurance provider, equipped with its role as a provider of commercial insurance through Swiss Re Corporate Solutions in Brazil, and also have chosen a major investment in the company.

SulAmérica is the largest independent insurance group in Brazil and a leading provider of health and car insurance. In addition, the company offers property, victims, and life insurance as well as retirement, asset management and premium savings bonds. SulAmérica is a leading franchise in the Brazilian market with significant brand recognition, national presence, distribution capabilities are sufficient and diversified operating platform. Swiss Re estimates that the fundamentals for SulAmérica position to take advantage of the above GDP growth, as expected in the Brazilian insurance market must be met with the maturity.

On Monday November 18, Swiss Re announced that it has agreed to acquire 11.1 % stake in the Dutch group ING SulAmérica (NYSE: ING) and a 3.8 % share of total family members Larragoiti with U.S. $ 334mn. After the second closing of the transaction, Swiss Re will become the second largest investor in SulAmérica after Larragoiti family, which will have a 28 % stake.

Swiss Re has always had a tradition of responsible and contributes effectively to society and the world we work, log in Swiss Re Foundation we can make visible and tangible social values and humanity of Swiss Re, coordinate and channel the efforts and ensure the benefits reach as far as possible.

The goal of insurance companies is to address the social and humanitarian issues around the world and build local capacity to deal with the problem. The problem we are discussing is about social inequality, economic and ecological with a variety of causes, including natural disasters, climate change, water, population growth and pandemics. We collaborate on a long-term project and are providing emergency assistance. Finally, the company can carry out work locally and in communities Swiss Re.

With the aim of Swiss Re which upholds human, of course, the year the company is growing and is always good for the sake of improving the quality of customer satisfaction. for those of you who want to know more clearly the insurance company and would like to register , you can contact at :

Swiss Re Ltd.
Mythenquai 50/60 , P.O. Box ,
8022 Zurich , Switzerland
Phone +41 43 285 2121

 

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Sumitomo Life Insurance

June 8th, 2016 No comments

SUMITOMO LIFE INSURANCE


By : Ririn Sholiha

History of Sumitomo Life Insurance

sumitomo-life-insurance

life insurance

Sumitomo Life Insurance is the largest life insurer in Japan, established in 1907, which headquartered in Chuo – ku , Osaka . The company sells individual, group life and health policies specifically, through 70 branches and 1,500 district offices. Along with the sales force, Sumitomo sells its products through a network of financial institutions and affiliates. It also manages the pension and employees benefit programs, and offers brokerage and consulting. The company has a total of about 7 million policyholders, operating in Asian countries and other North America, is part of the Sumitomo Mitsui keiretsu, a group of Sumitomo Life Insurance companies linked by cross-ownership.

In 2005, the company announced a business partnership with PICC People’s Insurance Company of China Holdings Company (中国 人 保 控股 公司) . The new company will be called PICC Life Insurance Co (中国 人 保 寿险 有限公司) . It will sell insurance products, including savings -oriented endowment insurance. In addition, the company also has quite a lot of stock, how many shares owned by the company. Here’s the explanation:

Sumitomo Life Insurance Co. is one company that is preparing a bid for a stake in the life insurance unit of PT Bank Negara Indonesia, which bid for the 40 percent stake that could be worth as much as $ 800 million, and asked not to be identified because the considerations are private. Osaka-based company has dropped out of bidding for part of Thai Life Insurance, Meiji Yasuda Life Insurance abandon Co. as the remaining applicants only.

State Bank, which is controlled by the Indonesian government, plans to start selling insurance unit shares in the next two weeks. The deal follows the sale of a minority holding in the life insurance unit of PT Panin Financial Tbk to Dai – ichi Life Insurance Co. for 3.3 billion ( approximately ¥ 32.4 billion ) this month .

The Buyers , attracted by the middle class getting coverage for the first time , and has spent more than $ 6600000000 acquisition of insurance assets in Southeast Asia over the last two years , data compiled by Bloomberg .

Both Sumitomo and Meiji Yasuda made a final offer for the 15 percent stake held by Thailand, the second largest life insurance company in Thailand. The offer shares worth as much as $ 700 million.

In 2012 Sumitomo decided to become a strategic partner of Vietnam Bao Viet Insurance to acquire 18 % stake in the company, which was previously held by HSBC.

Sumitomo Life Insurance Co. reported earnings results for the quarter ending June 2013. For the quarter, the company reported a profit of 101.3 billion yen and core business premium income of 593.6 billion yen for the past year.

That was a description of the shares owned by the insurance company, until now the company is still going well, it’s because it has a commitment to providing the highest level of training and development opportunities to force their fields, the Sumitomo leaders have sent a clear signal of their dedication for the excellence of their fields, which can differentiate them from the competition, and may provide a key differentiator in the market.

This award recognizes the commitment and contribution of Sumitomo to help advance both qualitative and quantitative development of sales representatives through IQA program for more than fifty years since the founding of the program in 1960. Sumitomo is the first company worldwide to receive the IQA Special Award, which was established this year LIMRA.

IQA program created to improve the quality of professional life insurance sales worldwide in 1960. Since then it has become one of the most prestigious awards in the industry, used by 65 companies in 21 different countries. The annual award is designed to honor a sales representative for excellent production and outstanding persistency of life insurance business. If you want to enroll or want to know more detail information, you can contact at:

Sumitomo Life Insurance
1-4-35 , Shiromi
Chuo – ku
Osaka, 540-0001
Japan
Founded in 1907
Phone : 81 6 6937 1435

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