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Toss Insurance, a subsidiary of Viva Republica, has achieved a significant milestone by surpassing 2,000 agents in just two and a half years since its establishment.  Toss Insurance, a subsidiary of Viva Republica, has achieved a significant milestone by surpassing 2,000 agents in just two and a half years since its establishment. Starting with only two agents in February 2022, the company has grown rapidly without any mergers or acquisitions. This blog post will explore the factors behind Toss Insurance's impressive growth, financial success, and future ambitions. On September 26, 2024, Toss Insurance announced that its number of agents had crossed the 2,000 mark. The company began its operations in February 2022 with just two agents and has grown organically, achieving this milestone without any mergers or acquisitions. The first 500 agents were recruited in just over a year. Following that, the number reached 1,000 in November 2023 and 1,500 in April 2024, now hitting 2,000 in S...

Shinhan Life has solidified its position as the top life insurer within the financial holding group Shinhan Life has solidified its position as the top life insurer within the financial holding group, significantly driving the non-banking sector profits of Shinhan Financial Group. With outstanding performance in net profit and insurance contract margin (CSM) compared to its competitor KB Life, and a substantial increase in annual premium equivalent (APE), Shinhan Life presents a promising outlook for future growth. Remarkable Achievements of Shinhan Life In the first half of 2024, Shinhan Life achieved a net profit of 312.9 billion KRW, surpassing KB Life Insurance's 202.3 billion KRW by over 100 billion KRW. While Shinhan Life saw a 0.4% increase compared to the previous year, KB Life experienced an 8.2% decline. This highlights Shinhan Life's superior growth amidst fierce competition among financial holding companies. Excelling in Insurance Contract Margin (CSM) Shinhan Life...