Samsung Life Rolls on

The Samsung affiliate to celebrate 50th anniversary as the largest life insurance firm

Samsung Life is not only an insurance company that develops and sells insurance products, but it is also one of the largest asset management companies in Korea with its assets totaling over 100 trillion won, the company said.
Not many people pay for insurance so that they are covered for only a few days or years. The main purpose of buying insurance is to be protected against accidents and diseases for the next 20 to 30 years, the company said.
However, the domestic financial environment is changing rapidly and the financial industry is becoming like a battle field where financial institutions are engaged in fierce competition, the company warned.
How can you be sure which insurance companies would still in business 30 years from now? The stability of an insurance company is based on its asset management capabilities, the company asserted.
An insurance company? asset management capabilities have direct effects on the profits from performance management products such as variable life insurance policies, the company claimed. In order to ensure long-term and stable returns with high risks, an insurance company must have the capabilities to conduct a microscopic analysis of various financial products as well as the ability to understand macroscopic variables, the company advised.
Just because a financial product has a high value for a few days, it does not mean that it will yield high profits 30 years later, the company stressed.
The company? asset managers are some of the most competitive people in the financial industry. Their know-how and information network accumulated in the process of investing nearly 100 trillion won in various investment products throughout the world are what set Samsung Life apart from other companies.
The accumulated information and knowledge are the basis for directly and indirectly helping you to manage your assets. Samsung life? asset management services are different, the company claimed.
With over 530 professional asset managers, Samsung Life has the largest team of asset managers in Korea. They ensure high profits through various vehicles for over 100 different types of asset classes in the seven major areas of investment, such as stocks, bonds, alternative investment, retail finance, corporate finance, real estate, and short-term assets, the company said.
Samsung Life began investing in foreign countries in 1996. Having invested over 11 trillion won in foreign countries as of 2005, the company is now recognized as the biggest in Korea in terms of investment size and management capabilities. Investing in the U.S., European, and emerging Asian markets, there are no limits to Samsung Life? investment activities, the company boasted.
The company invests heavily in training and recruiting talented employees. It boasts the highest number of people with Ph.D and MBA degrees as well as CPAs, CFAs(chartered financial analysts), CCIMs(certified commercial investment members), and FRMs(financial risk managers).
Samsung Life is one of the most conservative companies where analyzing its asset management performance is concerned. Samsung Life prepares for the worst in the financial market in order to keep its promises to the customers. The company clearly recognizes the fact that minimizing the number of uncertainties and ensuring stable asset management are what policymakers demand above all. Samsung Life focuses on value investment in order to ensure good investment performance over the long-term perspective.
In 1957, the initial year of the company? operation, insurance premiums collected and assets amounted to 8 million won each, but insurance premiums collected between April 2005 and March, last year, amounted to 20.6 trillion won with total assets at 99.6 trillion won, recording an astounding growth during half century of its operation. The company? assets totaled over 100 trillion won as of the end of April last year, making its 49th founding anniversary, doubly significant with the company becoming the largest in the country in terms of assets. nw

President Lee Soo-chang of Samsung Life Insurance Co. on a street campaign with staff members to introduce the company? new insurance products.