Brief Overview of Organization
Kyobo Life Insurance was established in 1958 as the first provider of education insurance products in the world. It is one of “Big 3” life insurer in Korea operating life insurance business as a main business. As Korea’s leading life insurer, it has globally recognized its stability and financial soundness by receiving investment grade ratings from established global rating agencies. (Moody’s A1, Fitch A+)
Kyobo Life insurance joined the UN Global Compact (UNGC) for the first time in the insurance industry of Korea and it has complied with the ten principles in four sectors – human right; labor; the environment; and anticorruption – presented by the UNGC. By joining the Principles for Sustainable Insurance, Kyobo Life Insurance ensures to strengthen its stakeholder centered sustainable management system. Through this, Kyobo Life Insurance will establish the foundation of sustainable society and pursue good growth with all stakeholders.