Hyundai Marine & Fire Insurance Co., Ltd. (001450)

Overview

Hyundai Marine & Fire Insurance Co., Ltd., with its rich heritage and forward-looking approach, stands as a pivotal player in the insurance industry within South Korea and the larger international market. Originally established as Dongbang Fire & Marine Insurance Co., Ltd., the company rebranded to its current name in October 1985, signifying not only a change in identity but also an expansion in its vision and operational scope. Since its inception in 1955, it has anchored its headquarters in Seoul, South Korea, evolving into a comprehensive provider of a wide spectrum of non-life insurance products alongside a suite of related services. Hyundai Marine & Fire Insurance's commitment to safeguarding its customers' interests is mirrored in its extensive portfolio, which encompasses a variety of specialized insurance products. Furthermore, the company diversifies its offerings through strategic involvements in ancillary domains such as building and facility management, asset management, investment advisory, reinsurance brokerage, and claims services, thereby cultivating a holistic ecosystem around its core insurance operations.

Products and Services

• Automobile/Driver Insurance

  Offers comprehensive coverage for vehicles and drivers against physical damage, theft, and liability that could arise from vehicular accidents.

• Health/Child Insurance

  Provides a safety net for individuals and families, covering medical, surgical, and hospital expenses, including specialized plans for children's health and wellness.

• Property Insurance

  Protects against risks associated with property ownership or rental, covering damage from fire, natural disasters, and other unforeseen circumstances.

• Annuity/Savings Insurance

  Designed to support long-term financial planning, offering annuity products that guarantee income post-retirement, along with savings insurance for future financial needs.

• Fire Insurance

  Specifically caters to the risks of fire, offering coverage for damages or loss caused by fire to properties and possessions.

• Marine Insurance

  Covers loss or damage related to the shipping of goods, including cargo, vessels, and other transport by which goods are transferred, acquired, or held between the points of origin and final destinations.

• Accident Insurance

  Provides financial compensation for injuries or death caused by accidental incidents, ensuring support for affected individuals or families.

• Engineering Insurance

  Offers specialized coverage for risks associated with construction and engineering projects, including machinery breakdowns and construction failures.

• Workers' Compensation Insurance

  Ensures employers can provide compensation to employees who get injured on the job, covering medical costs, lost wages, and rehabilitation expenses.

• Liability Insurance

  Protects individuals and businesses from the risk that they may be sued and held legally liable for something such as malpractice, injury, or negligence.