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Samsung Life Insurance Co, Ltd. (hangul:삼성생명) is a South Korean insurance company. headquartered in Seoul, Korea, formerly known as Dongbang Life Insurance (hangul:동방생명) in 1990. The life insurance group division of the company controls a large portion of the South Korean calling card market under the brand name Bichumi (hangul:비추미). and it is a slogan to A Partner for life in 2006 (music name to A Partner for life by see SG Wannabe).
Samsung Headquarter Building
Samsung Headquarter Building
[edit] Business size
| Year |
Assets(bil$) |
Revenue(bil.$) |
Net Income(mil.$) |
M/S(%) |
Sales Force |
Employees |
| 2006 |
116 |
24.3 |
556 |
31.3 |
32,698 |
6,410 |
| 2005 |
102 |
26.4 |
642 |
34.7 |
33,190 |
6,300 |
| 2004 |
93 |
24.5 |
595 |
36.2 |
31,856 |
6,282 |
| 2003 |
85 |
23.3 |
335 |
37.6 |
36,617 |
6,304 |
| 2002 |
75 |
24.5 |
992 |
40.3 |
32,321 |
6,278 |
[edit] Business structure
| Individual Business |
Group Business |
| ㅇ Life Insurance, Annuities & Savings |
ㅇ Large Group Insurance |
| ㅇ Health Insurance |
ㅇ Medium & Small Group Insurance |
[edit] Competitor
- Market players consist of 3 groups: 1) Market leader "the Big3"(Samusung,Korea,and Kyobo), 2) Small-to-medium domestic Life Insurers(9), 3) Foreign Life Insurers(11)
- "the Big 3" represented a combined 65.9% share in the market, Foreign life insurers accounted for 18.3%, and Small-to-medium life insures held 15.8% in FY2005
[edit] See also
[edit] External links
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