NH Nonghyup Insurance Announces Vision "Warm Companionship, Creating the Future Together"

Meeting with CEO Choi Chang-su in a roundtable format and online viewing for all employees

CEO Changsoo Choi (fourth from the left in the photo) and representatives of executives and employees are taking a commemorative photo after the vision declaration ceremony.

[Asia Economy Reporter Oh Hyung-gil] NH Nonghyup Property & Casualty Insurance announced on the 23rd through the company's YouTube channel the declaration of its 2025 vision titled "Warm Companionship, Creating the Future Together."

The new vision of Nonghyup Property & Casualty Insurance comes eight years after the declaration of "Premium Nonghyup Property & Casualty Insurance Together with Customer Happiness" at its launch in 2012. The new vision reflects Nonghyup Property & Casualty Insurance's identity and direction in response to changes in the market environment such as digital transformation and strengthened consumer-centered regulations.

Additionally, the company set a goal to become a solid mid-sized property and casualty insurer by 2025, with a gross written premium of 4.8 trillion KRW and a net profit of 100 billion KRW, through improving management quality that enhances future value over short-term performance and faithfully implementing growth strategies.

To achieve this, strategic tasks were established including ▲transitioning role models by channel ▲redefining a value-centered product portfolio and stabilizing policy insurance ▲redefining asset management strategies and advancing risk management ▲enhancing digital-based work infrastructure and strengthening human capabilities.

Choi Chang-soo, CEO of NH Nonghyup Property & Casualty Insurance, said, “Since its launch in 2012, Nonghyup Property & Casualty Insurance has successfully made a smooth transition from mutual aid business to insurance.” He added, “Going forward, we will prepare for a new leap through business innovation centered on customers by improving organizational health via product development and sales strategy advancement, securing stability in policy insurance business, and implementing a digital transformation roadmap.”

Meanwhile, the event was held in the form of an online meeting accessible to all employees via YouTube, where CEO Choi and employee representatives shared the vision and goals together.

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