Top Offline Life Insurers Become Major Online Market Players

SEOUL, June 14 (Korea Bizwire) – South Korea’s major offline insurers have emerged as major players in the country’s online life insurance market, data showed Tuesday, as they focused marketing activities on savings-type policies, which life planners shun due to low commissions. Kyobo Lifeplanet Life Insurance Co., an Internet arm of Kyobo Life Insurance, became the largest online life insurer with the initial premium payments of 1.28 billion won (US$1.1 million) [...]