Samsung Fire & Marine
Samsung Fire & Marine Insurance is the Seoul casualty brother #1. South Korea’s largest casualty company sells nonlife insurance, including policies for automobiles, ship hulls, and cargo. It also provides fire and injury policies, as well as long-term health coverage. As the company has recovered from the collapse of the South Korean economy, it has streamlined operations to compete in an increasingly deregulated market — one that allows foreign competition. The firm has entered foreign countries such as China and Japan, forming a business alliance with People’s Insurance Company of China and Tokio Marine.
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