Chairman Seungyeon Kim of Hanwha Group Encourages Planners: "Heroes and Pride"

Hanwha Life Financial Services Holds 2026 Annual Awards Ceremony

Revenue Up 7.4 Times in Five Years Since Launch, Planners Nearing 40,000

Strengthening Sales Competitiveness with Enhanced AI-Based Support Systems

Impact of U.S. Securities Firm and Indonesian Bank Acquisition... "Accelerating Global Business"

On the 15th, at the Hanwha Life Insurance Financial Services 2026 Annual Awards Ceremony held at Kintex in Ilsan, Goyang City, Gyeonggi Province, key attendees, including Kyunggeun Lee, CEO of Hanwha Life Insurance (center left in the photo), and Seungyoung Choi, CEO of Hanwha Life Insurance Financial Services (center right in the photo), are conducting a commemorative ceremony with the champion awardees. Hanwha Life Insurance

Hanwha Life announced on May 17 that its subsidiary-type corporate general agency (GA), Hanwha Life Financial Services, held the 2026 Annual Awards Ceremony on May 15 at KINTEX in Ilsan, Goyang-si, Gyeonggi-do.

Chairman Seungyeon Kim: "AI Transformation in Finance... Hanwha Life to Become a Global Company"

Seungyoun Kim, Chairman of Hanwha Group. Hanwha

Seungyeon Kim, Chairman of Hanwha Group, delivered a congratulatory message, encouraging employees by stating, "You are the true heroes and pride of Hanwha Life."

He continued, "While Hanwha Group continues to solidify its position as an essential driving force for industry and society, the financial sector is also taking bold steps to lead the global financial market through an AI-based industry transformation," emphasizing, "Hanwha Life must also emerge as a truly global leading insurance company amid these changes."

The awards ceremony was attended by approximately 1,600 people, including 15 sales champions, planners, sales managers, and employees. About 80 key executives and team leaders, including Kyunggeun Lee, CEO of Hanwha Life, and Seungyoung Choi, CEO of Hanwha Life Financial Services, also participated in the ceremony.

Five Years Since Product-Sales Separation... Revenue Up 7.4x, Planners Nearing 40,000

Dongwon Kim, President and Chief Global Officer (CGO) at Hanwha Life Insurance. Hanwha Life Insurance

In April 2021, Hanwha Life became the first major insurance company to implement product-sales separation (separating product development and sales). In just five years since implementing this model, Hanwha Life Financial Services has increased its revenue by 7.4 times and is on the verge of reaching 40,000 planners.

Specifically, revenue, which was 328 billion won in its first year of establishment, expanded to 2.4397 trillion won last year, a 7.4-fold increase. Net profit also reached 152.5 billion won in 2024 and 115.8 billion won last year, maintaining the 100 billion won range for two consecutive years.

The total number of planners, including those at subsidiary GAs, is approximately 35,000. Hanwha Life expects the number of planners to surpass 40,000 this year.

The growth of Hanwha Life Financial Services has also contributed to new contract performance at its parent company, Hanwha Life. Last year, Hanwha Life's annualized premium equivalent (APE) for new contracts was 3.65 trillion won, more than double the amount at the time of establishment (1.5731 trillion won). Protection-type APE has also remained above 3 trillion won for two consecutive years.

'AI Transformation' Strengthens Sales Capabilities... Parent Hanwha Life Grows Alongside

The external growth of Hanwha Life and Hanwha Financial Services aligns with the strengthening of AI-based sales support systems. The 'AI Sales Training Solution (STS)' developed by Hanwha Life provides coverage analysis and product suggestion scripts based on customer insurance contract information, and also supports consultation practice and feedback.

Currently, about 28,000 planners affiliated with the subsidiary GA are utilizing the AI STS. The monthly average health insurance sales per financial planner (FP) using the system is more than 40% higher than that of non-users.

Additionally, the AI Translation Assistant supports foreign planners in acquiring qualifications and conducting consultations, enhancing the company's responsiveness in the foreign client market.

Sales quality also remains at the highest level in the industry. The incomplete sales rate is 0.02%, which is one-third of the large GA industry average of 0.059%. The number of planners earning annual salaries of at least 100 million won has steadily increased to 5,606.

Last month, the company declared an enterprise-wide "Customer Trust Management" policy and began operating a data-driven internal control system and a three-tier risk management system, accelerating efforts to strengthen qualitative competitiveness in line with its status as a super-large GA.

Last Year, 76% of Overseas Life Insurance Profits Earned... "Accelerating Global Business"

The company is also accelerating its overseas business. According to the Financial Supervisory Service, domestic insurance companies recorded a net profit of 280.2 billion won from overseas branches last year.

Life insurance companies' overseas branches posted a net profit of 155.5 billion won, a 70.8% year-on-year increase, with Hanwha Life alone earning 118 billion won. This accounts for 75.9% of domestic life insurers' overseas branch profits and 42.1% of the total overseas branch profits of the entire industry, including non-life insurers.

The company explained that its inclusion of Bank National Nobu in Indonesia and Velocity Clearing, a U.S. securities firm, has made Hanwha Life a key driver in improving overseas business performance in the insurance industry.

Building on its business foundation in the Vietnamese and Indonesian insurance markets, Hanwha Life has expanded into banking in Indonesia and, through the acquisition of a U.S. securities firm, is broadening its stage to advanced financial investment markets.

An official from Hanwha Life stated, "We are realizing a strategy to strengthen the growth potential and synergy of our overseas business based on a global financial portfolio that spans insurance, banking, and financial investment."

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