MAKE A MEME
View Large Image
| View Original: | Korean Re profile 201607.tif.tiff (1654x2340) | |||
| Download: | Original | Medium | Small | Thumb |
| Courtesy of: | commons.wikimedia.org | More Like This | ||
| Keywords: Korean Re profile 201607.tif Korean Reinsurance Company Korean Re is the leading reinsurer in Korea Since its establishment in 1963 Korean Re has maintained a dominant position in the domestic market Founded originally as a state-funded enterprise and then privatized in 1978 the company has grown to become the largest reinsurer not only in Korea but also across Asia Currently it ranks as the world ™s 9th largest reinsurer in terms of gross written premiums This success has been largely based on its capital strength risk management expertise and client-oriented service Korean Re has maintained a stable market share in the domestic reinsurance market by constantly improving efficiency in business operations to meet increasingly diverse and sophisticated needs of its clients and markets It has a well-diversified underwriting portfolio which consists of personal lines long-term motor and life reinsurance commercial lines property marine casualty and bond reinsurance and overseas lines Over the recent decade Korean Re increased its pushes to expand into overseas markets As of FY2015 more than 22 of its gross written premiums are generated from abroad It has a global network of one branch office in Singapore two subsidiaries in Hong Kong and London and liaison offices in the major cities around the world including New York Beijing Dubai London and Tokyo With the aim of strengthening its overseas operations Korean Re plans to establish more branch offices going forward At the beginning of 2014 Korean Re unveiled Vision 2050 Value-Creating Reinsurance Leader a declaration of its ambition to become one of the top reinsurers in the world by the year 2050 Under the new vision a three-stage roadmap was created with specific goals for each stage In implementing the roadmap Korean Re will focus on expanding its capital base and improving its bottom-line results with measures to tighten its risk management policies and readjust its business portfolio Uncategorized 2016 July 14 | ||||