Samsung Fire & Marine Insurance Co., Ltd. · Seoul South Korea
Company Description
Phone: +82-2-758-7037
Fax: +82-2-758-7831
View Samsung Fire & Marine Insurance Co., Ltd. Locations On A US Map
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This link will open in a new window Chances are that when you think of Samsung, you think TVs, DVDs, and MP3s. But in South Korea, Samsung also means insurance. Samsung Fire & Marine is the largest casualty insurance company in the region, offering auto, injury, and long-term health coverage. The company has streamlined operations to compete in an increasingly deregulated market -- one that allows foreign competition. The firm has entered foreign markets such as China, Europe, Indonesia, Japan, and Vietnam, forming business alliances with People's Insurance Company of China and Tokio Marine. To read the full description, subscribe now.
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Key Samsung Fire & Marine Insurance Co., Ltd. Financials
| Company Type | Public Headquarters |
| Fiscal Year-End | March |
| Annual Sales (mil.) | $11,003,690.0 |
| Employees | 5,438 |
Samsung Fire & Marine Insurance Co., Ltd. Executives
2 executives listed for Samsung Fire & Marine Insurance Co., Ltd.'s Seoul, location.
| Title | Name & Bio | Contact |
| EVP | Kye Ha Lee | Network |
| VP | Hai Sun Hwang | Network |
Competition
Competitive Landscape for Samsung Fire & Marine Insurance Co., Ltd.
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top Samsung Fire & Marine Insurance Co., Ltd. Competitors
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