Hanwha General Insurance

Established in 1946, Hanwha General Insurance is the first South Korean insurance company entirely funded by domestic capital. Building on customer trust, we provide diverse insurance products and services including long-term, automobile, and general insurance. As of the end of 2024, we’re a major insurer with total assets of USD 13.49 billion and total sales of USD 4.84 billion. Backed by our continuous growth, we are constantly challenging ourselves to pioneer development in new fields and bring satisfaction to customers.

Hanwha General Insurance is committed to solidifying its position as a specialized provider of insurance solutions for women by enhancing its brand value through differentiated products and services tailored to female customers, while strengthening its competitiveness across customer access channels. In 2025, the company maximized synergies through its acquisition of Carrot General Insurance, combining Hanwha’s stable operational capabilities and extensive customer network with Carrot’s strong digital DNA. By leading in AI-driven women’s wellness and continuously pursuing transformation and innovation beyond conventional boundaries, Hanwha General Insurance aims to establish itself as a world-class global insurer that meets the needs of a new era.

In June 2023, we established the LIFEPLUS Femtech Research Institute to fulfill our vision of being an insurer that fully understands and recognizes the needs of women, with the aim of contributing to the betterment of women’s lives and health. For research on women’s health and life-cycle-based needs, we are working with an advisory group composed of experts in each field to study related industry trends and identify preventive healthcare measures. Specifically, we offer differentiated coverage through our women’s health-focused product series Signature Women’s Health Insurance. This product provides enhanced protection for infertility, childbirth, and childcare by considering the various stages of a woman’s life cycle while offering focused coverage for medical conditions such as breast and ovarian cancer. Recognized for its ingenuity, the Hanwha Signature Women’s Health Insurance series has obtained 17 exclusive usage rights. These efforts were selected as best practices by Korea’s Financial Supervisory Service in recognition of our contribution to providing solutions for social issues such as the nation’s low birth rate.

By providing tailored financial solutions and services that speak to the needs of female customers at every stage of their life, Hanwha General Insurance aims to set new standards as a financial leader in women’s wellness. Furthermore, through its integration with Carrot General Insurance, the company will offer sophisticated, customized financial solutions for every stage of a woman’s life. By securing a distinct competitive advantage in the women’s health insurance market, Hanwha General Insurance is poised to establish itself as the insurance company that understands women best.