Long-term Insurance Sales Near 40 Billion KRW, DB Insurance Maintains Top Spot… KB Insurance 2nd, Samsung Fire 3rd
DB Insurance retained its top position In July, the general agencies (GA) channel for non-life insurance companies saw long-term insurance sales nearing 40 billion KRW, marking a three-month streak of growth. DB Insurance retained its top position, followed by KB Insurance and Samsung Fire. As competition in the simplified insurance market intensifies, some mid-sized and small companies also performed well. This article delves into the market trends and detailed performance of each company. The GA channel performance for long-term insurance in July continued its upward trend, influenced by an increase in business days. According to research from the 'Better Insurance GA Research Institute' operated by Insurance Journal, the estimated GA performance for July was 39.9 billion KRW, a 5.2% increase from the previous month’s 37.9 billion KRW. Top Performers and Rankings DB Insurance achieved the highest sales with 7.59 billion KRW, thanks to balanced growth across comprehensive hea...