Prudential Life, Ranked Most Respected Company for 4 Consecutive Years

[Asia Economy Reporter Oh Hyung-gil] Prudential Life Insurance announced on the 25th that it was selected as the No. 1 foreign insurance company for four consecutive years in the '2020 Most Admired Companies in Korea' survey conducted by the Korea Management Association Consulting.

The most admired companies in Korea are evaluated based on 12 assessment items across six core values: innovation capability, employee value, customer value, and social value.

Among the evaluation items, Prudential Life Insurance received the highest scores in financial soundness, investment in talent development, and education. It also received excellent evaluations in a total of 10 items including management capability of executives, utilization of management assets, product (service) quality, innovation activities to adapt to market changes, efforts for customer satisfaction, social contribution activities, preferred companies, and companies worthy of respect.

Prudential Life Insurance's Risk-Based Capital (RBC) ratio stood at 515.04% as of the third quarter of last year, ranking first in the industry among all insurers. The RBC ratio is a representative indicator measuring an insurer's financial soundness, showing the insurer's capacity to pay insurance claims to customers in crisis situations.

Additionally, Prudential Life Insurance operates a life planner channel, which is a key factor behind its high customer satisfaction index. It runs various educational systems to successfully establish life planners and nurture them as life insurance experts.

Curtis Jang, CEO of Prudential Life Insurance, said, "Thanks to the company's efforts to provide financial stability to customers, we were able to be selected as a most admired company for four consecutive years," adding, "We will not be satisfied with being selected as a most admired company and will strive to provide better coverage and services to our customers."

This content was produced with the assistance of AI translation services.