Company Profile
Dongbu Insurance Co., Ltd.
Company Overview
Dongbu Insurance Co., Ltd.
Established in March 1962 as the first auto insurance company in Korea, Dongbu Insurance has grown into a leading provider of non-life insurance products and differentiated services.
A.M.Best gives “A” for four consecutives years and S&P assigned “BBB+” to Dongbu for five consecutive years due to excellent operating performance, adequate capitalization and strong market position.
Dongbu Insurance was selected as the top company in the insurance sector of the Dow Jones Sustainability Korea Index (DJSI Korea) in 2009 and 2010, 2011. (For Three consecutive years)
Company History
1962 State-run Korea Automobile Insurance Corp. established
1983 Korea Automobile Insurance’s Management rights acquired by Dongbu Group
1995 Corporate name changed to Dongbu Insurance Co., Ltd.
2006 Hawaii branch opened (April), Representative office in Beijing opened (July)
‘PromyLife’, a brand of long-term insurance lines, introduced
2008 Rated “A” from A.M. Best Rated “BBB+” from S&P for 4 consecutive yrs Dongbu Securities Co., Ltd. became a subsidiary
2010 California branch opened RBC system developed
2011 A.M Best Rating A(excellent)
(4 Consecutive years)
New York branch opened
Notable Accomplishments / Recognition
ROE : 20%
W. Premium : US $10.1 bn
Total Asset : US $20.2 bn
Benefits
- Health Insurance (Include Vision & Dental)
- Temporary Disability Insurance
- Workers’ Compensation Insurance
- 401(K) Plan
- Vacation / Holidays / Sick Leave
- Free indoor Parking Space