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Solidifying the Top Four GA System in Insurance… Over 60,000 Affiliated Agents

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the top four GA system is solidifying, with the number of affiliated agents exceeding 60,000. As the separation of product manufacturing and sales in the insurance industry becomes more active, the status of corporate insurance agencies (GAs) is rising. Among these, the top four GA system is solidifying, with the number of affiliated agents exceeding 60,000. This article delves into the current state of the GA industry, the achievements of major companies, the response of financial authorities, and future prospects. The insurance industry is experiencing a surge in the separation of product manufacturing and sales, significantly enhancing the influence of corporate insurance agencies (GAs). Particularly, the top four GA system is becoming more established, with the number of affiliated insurance agents surpassing 60,000. In June 2023, Hanwha Financial Service, the number one GA in the industry, issued overseas bonds worth 50 billion won, marking the first such issuance in the GA indus...