Hanwha Life Financial Services and Jungdaehyeong Corporate Agency Reno Mutual Cooperation

Kudo-kyo, CEO of Hanwha Life Financial Services (left), is taking a commemorative photo with Lee Sang-jun, CEO of Reno Insurance Agency, after signing a business agreement for mutual cooperation at the 63 Building in Yeouido on the 17th.

[Asia Economy Reporter Oh Hyung-gil] Hanwha Life Financial Services, a subsidiary of Hanwha Life, announced on the 17th that it has signed a Memorandum of Understanding (MOU) for mutual cooperation with Rino Insurance Agency.

Following this MOU, once the main contract is signed in the future, Rino Agency will begin operations as a corporate agency (GA) under Hanwha Life Financial Services. Rino is a medium-to-large GA based in the Daegu-Gyeongbuk region, with around 500 planners. As of the end of last year, it recorded annual sales of 30 billion KRW.

According to this agreement, Hanwha Life Financial Services expects to solidify its position as a leading company in the GA market. Through support for sales volume and business infrastructure, commission income will increase, and with the expansion of affiliated organizations, it will gain a more advantageous position in negotiations with insurance companies.

Rino also expects to establish a competitive sales support system, enabling stable organizational management. It will benefit from the use of Hanwha Life Financial Services’ brand, advanced sales systems, systematic educational infrastructure, and enhanced commission negotiation power.

Since its launch, Hanwha Life Financial Services has been leading the GA market in sales volume, recording an average monthly initial insurance premium of approximately 6.6 billion KRW (based on the second quarter).

Gu Do-gyo, CEO of Hanwha Life Financial Services, stated, "We will lead changes in the GA industry by presenting a path to grow together as one family.”

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