'Only Female CEO' Jo Ji-eun, CEO of LINA Life, Effectively Secures Reappointment

Imchuwi, CEO Candidate Selection
"Stable Organizational Management Performance"

Jieun Jo, CEO of LINA Life Insurance

[Asia Economy Reporter Oh Hyung-gil] Jo Ji-eun, the only female CEO in the insurance industry, has virtually secured her reappointment as CEO of LINA Life Insurance. Recognized for her quick decision-making and work performance as a female CEO, she is bringing a fresh breeze to the insurance sector, where female executives are rare.

According to the insurance industry on the 5th, LINA Life Insurance recently held a nomination committee meeting and announced that it had selected CEO Jo as the candidate for CEO. The nomination committee explained the reason for the recommendation as follows: "Despite the difficult conditions due to COVID-19 since her appointment as CEO, she has achieved stable organizational management and business performance, and we intend to pursue reappointment for the continuous growth of the company."

CEO Jo’s final appointment will be decided through LINA Life Insurance’s shareholders’ meeting. Since 100% of LINA Life Insurance’s shares are held by the U.S. company Cigna Chestnut Holdings, her reappointment is almost certain unless there is a major unexpected event.

Born in 1975, CEO Jo holds the title of the youngest CEO in the insurance industry. She graduated from Seoul National University’s College of Nursing and completed graduate studies in interpretation and translation at Hankuk University of Foreign Studies. After earning an MBA from Duke University’s Fuqua School of Business, she worked at LG Investment & Securities and MetLife Life Insurance before joining LINA Life Insurance in 2011.

After joining, she worked in the Strategic Planning Team and Healthcare Business Team, then served as head of the Wellness Business Division and Operations. In 2019, she was promoted to vice president, overseeing sales, operations, and marketing. In December last year, she succeeded Hong Bong-seong, the chairman of LINA Life Insurance’s board who had served as a long-standing CEO for 10 years, and took office as CEO, leading LINA Life Insurance’s innovation.

LINA Life Insurance possesses the best telemarketing (TM) organization in the domestic life insurance industry. In the first half of this year, premium income reached 1.3465 trillion KRW, a 3.3% increase compared to the same period last year. It is analyzed that TM-centered sales played a significant role amid the non-face-to-face situation caused by COVID-19.

In particular, LINA Life Insurance has recorded the lowest number of complaints in the insurance industry for four consecutive years. CEO Jo has emphasized customer-centric thinking and strict adherence to corporate ethics, presenting a management goal of pursuing ‘good growth.’

Recently, the parent group is pushing forward to become a healthcare service company. Global healthcare group Cigna launched the healthcare platform ‘TUNE H’ last month and has been intensifying its domestic business, with LINA Life Insurance taking charge of Cigna Healthcare’s overall operations.

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