ING Life receives “A” rating in financial strength for seven consecutive years
With this result, ING Life has received a “A” rating for seven consecutive years since 2000 and this is the first and only record achieved among domestic life insures.
The ratings reflect ING Life’s growing presence in the Korean life market, strong operating performance and superior risk management.
Growing Presence
As of fiscal year 2005, ING Life is the fourth-largest life insurer in the Korean life market with about 5% premium market share. ING Life showed strong growth momentum in a rapidly changing life market landscape and recorded a five-year average premium growth of 42%, an asset growth of 67% and capital and surplus growth of 117%.
Strong Operating Performance
ING Life’s overall earnings have improved steadily over the past five years. As of fiscal year 2005, its net income increased by 4% to KRW 152 billion (USD 154 million). ING Life also has one of the best surrender and lapse ratios and profitability levels compared to its foreign peers.
Superior Risk Management
ING Life maintains a conservative investment portfolio with about 70% of its investment in fixed income assets. In addition, investment in equities was minimal. The investment yield improved from 5.9% in fiscal year 2004 to 6.3% in fiscal year 2005.
President and CEO of ING Life, Ron van Oijen, said, “ING Life’s rapid growth, based on our strong operating performance and superior risk management, is officially affirmed as quality growth by A.M.Best Co. ING Life will continue to strive to be the best financial services company so that our customers will entrust to us their financial management through diverse product and service offerings.”
ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of over 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. For more information, visit www.ambest.com.
신한라이프 개요
1987년에 설립된 이후 선진 금융 노하우를 바탕으로 지속적으로 성장해 온 오렌지라이프는 총 자산 규모 30조9004억원, 보험금 지급여력비율 287.7%(2017년 3월 말 기준)로 우수한 재무 건전성을 자랑하고 있다. 13년 연속 우수콜센터(KSQI)로 선정되는 등 고객 만족을 위한 지속적인 노력을 통해 '고객의 꿈을 위한 든든한 금융 파트너'로 자리매김하고 있다. 9월 3일 ING생명에서 오렌지라이프로 사명을 공식변경했다.
웹사이트: http://www.shinhanlife.co.kr
연락처
Hyerim Kwon 02-3703-9560 Mobile. 011-412-0813 e-mail : 이메일 보내기
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