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Samsung Fire & Marine Insurance logo

Samsung Fire & Marine Insurance

Public
samsungfire.com
Insurance800+ employeesFounded 1998🇰🇷 South Korea

We aspire to become the best financial institution boasting of client-oriented attitude as well as the best financial soundness in the 21st century. We were incorporated on January 26, 1952 under the name Korea Anbo Fire Marine Reinsurance Co., only to be renamed Samsung Fire & Marine Insurance Co., Ltd. -- the name we go by today -- in December 1993. As the best domestic non-life insurance company in terms of size, financial structure, and management, we have offices in USA, Europe, and Asian countries such as China, Indonesia, Japan, and Vietnam. We are expanding our operation network in cooperation with top foreign insurance companies and continuing to grow toward becoming a world-class financial institution providing various services. We are the biggest non-life insurance company in Korea, boasting of total assets of KRW 21,704.2 billion as of November 2008 and solvency ratio of 337.2% (as of September 2008). We vow to enhance client satisfaction and shareholder value by developing competitiveness through the introduction of advanced financial technologies, reinforcement of product development capabilities, innovation of insurance marketing skills, development of underwriting techniques, professionalization of all directors and employees, and implementation of effective compensation systems.

Founded
1998
Employees
800+
Industry
Insurance
Company type
Public Company
Stock
ksc: 000810.KS
Headquarters
🇰🇷Seoul (+1)
Specialties
Financial ServicesInsuranceConsumer Services
0 / 8
Active markets
United States · United Kingdom · Singapore
0
New markets
Medium
Confidence
mostly early signals
0%
Momentum
vs prior period
62 / 100
Expansion Score
Strong
Stages8Landing
No signals · Last 90 days

Global expansion

Live
United StatesUnited KingdomSingapore
Stages
ExploringInvestingLandingOperating
+5more marketsLocked
3 of 8 shown

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Market entry timeline

The order this company entered each market — oldest to newest

1
🇬🇧United Kingdom1st market entered · 2014Advancing
Landing
3 signalsLanding stage
2
🇺🇸United States2nd market entered · 2016Advancing
Landing
4 signalsLanding stage
3
🇸🇬Singapore3rd market entered · 2020Advancing
Landing
3 signalsLanding stage
+5more marketsLocked
3 of 8 shown
Current stageLandingSetting up on the ground
Confidence48%Medium
Tracking since2014first signal

Recent signals

Office lease🇬🇧 United Kingdom3mo ago

Top 3 insurers compete globally for market share

Office lease🇮🇩 Indonesia3mo ago

Top 3 insurers compete globally for market share

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Good to know

Frequently Asked Questions Regarding Samsung Fire & Marine Insurance

Quick answers about Samsung Fire & Marine Insurance's business, markets, and growth signals.

We aspire to become the best financial institution boasting of client-oriented attitude as well as the best financial soundness in the 21st century. We were incorporated on January 26, 1952 under the name Korea Anbo Fire Marine Reinsurance Co., only to be renamed Samsung Fire & Marine Insurance Co., Ltd. -- the name we go by today -- in December 1993. As the best domestic non-life insurance company in terms of size, financial structure, and management, we have offices in USA, Europe, and Asian countries such as China, Indonesia, Japan, and Vietnam. We are expanding our operation network in cooperation with top foreign insurance companies and continuing to grow toward becoming a world-class financial institution providing various services. We are the biggest non-life insurance company in Korea, boasting of total assets of KRW 21,704.2 billion as of November 2008 and solvency ratio of 337.2% (as of September 2008). We vow to enhance client satisfaction and shareholder value by developing competitiveness through the introduction of advanced financial technologies, reinforcement of product development capabilities, innovation of insurance marketing skills, development of underwriting techniques, professionalization of all directors and employees, and implementation of effective compensation systems.

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