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. Today, we’re a major insurer with total assets of USD 13.96 billion and total sales of USD 4.24 billion, as of the end of 2023. Backed by our continuous growth, we are constantly challenging ourselves to pioneer development in new fields and bring satisfaction to customers.

Our vision is to “lead the creation of new customer value through digital innovation,” which goes hand–in–hand with our mission of “providing better life experiences and values." To bring this to life, we have set three strategic goals: business structure innovation for profit and value creation, customer value–oriented marketing, and digital transformation. We will continue to strive to become a global top–tier insurance company optimized for a new era of sustainable growth.

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. In addition, we are conducting various activities aimed at providing practical information to our customers.

As a leading wellness partner in the areas of coverage related to women’s needs, including those during pregnancy and childbirth, we are carrying out multiple initiatives to alleviate the risks stemming from the country’s low birth rate and aging population. For example, we have launched special agreements to double serious disease coverage for five years after childbirth, and to delay payment of insurance premiums during childbirth and parental leave in line with feedback we have received from our female customers. These efforts were selected as best practices by Korea’s Financial Supervisory Service in recognition of our contribution to providing solutions for social problems such as the 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.

Hanwha General Insurance

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