President Kim Chang-soo of Samsung Life Insurance Co. officially began his new term after shareholders granted their approval at a meeting on March 24. He was promoted to take over as the president of Samsung Fire and Marine Insurance in 2012 and appointed to the current position in 2014.
Samsung Fire and Marine Insurance Co. retained President Ahn Min-soo for another term recently and the company’s shareholders approved his appointment at a meeting held on March 24. President Won Ki-chan of Samsung Card also has been retained to serve another term, with the company’s shareholders’ approving his appointment at a meeting on March 24.
“We would like to express our sincere gratitude to our customers who have continuously supported Samsung Life,” said President Kim Chang-soo in his statement on the company’s website.
Samsung Life has been devoted to protecting the lives and assets of the people with its insurance services since its foundation on May 1957. Samsung Life has focused on contributing to society and ultimately, the nation, “by promoting the culture that treasure family values. Our efforts have been recognized by Korea’s most prestigious National Customer Satisfaction Index (NCSI) as we have been ranked as the top institution for 10 consecutive years,” according to the company.
As of December 2013, Samsung Life’s assets reached 193 trillion won, making it the leading financial institution. Samsung Life says it is committed to developing into global company through continuous change, innovation, and challenge efforts.
“We aim to become a global financial institution,” says Samsung Life. “Looking beyond the borders of Korea, we pursue quality & efficiency oriented growth strategy, continuously identify future growth engine, and further strengthen the competitiveness of international business.”
SFMI has been striving for sustainable growth by setting the Global Top 10 Roadmap of becoming a Global Top-level Non-life Insurance Company with an insurance revenue of 3.4 trillion won and assets of 34 trillion won by 2020. Looking at the business from its customers’ perspectives, SFMI redefined it as a “Risk Solution Business Giving Comfort to Customers” in 2012.
“SFMI laid the foundation for robust growth by expanding overseas business beyond the domestic insurance market, which is entered a matured stage,” said President Ahn Min-soo of SMFI.
Samsung Fire & Marine Insurance (SFMI) aspires to become the most respected leading global insurance company by offering the finest products and services backed by top-notch talent and technologies. To achieve our ambition, we are committed to five core values: People, Excellence, Change, Integrity and Co-Prosperity. Furthermore, SFMI established five management principles to comply with the laws and ethics and to fulfill its corporate social responsibilities.
“We have also introduced a code of conduct to put these principles into practice,” CEO Ahn said.
Samsung Life has been devoted to protecting the lives and assets of the people with its insurance services since its foundation on May 1957. It has focused on making contributions to society and ultimately, the nation, by promoting the culture that treasure family values. “Our efforts have been recognized by Korea’s most prestigious National Customer Satisfaction Index (NCSI) as we have been ranked as the top institution for 10 consecutive years,” says Samsung Life.
As of December 2013, Samsung Life’s assets reached 193 trillion won, making it the leading financial institution.
Samsung Life has predicted that competition between financial institutions will be intensified due to increasing social interest in an aging society and retirement.
“In this regard, we will ensure our competitive advantage by developing products and services that suit the needs of our people and society based on differentiated researches and expertise. Samsung Life has enhanced its product competitiveness in the retirement market by developing new investment vehicles and new guarantee options for variable insurance products,” according to Ahn.
