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ABOUT US


Founded in 1947, Korea National Insurance Corporation has been operating Life and Non-Life insurance business activities in the Democratic People’s Republic of Korea for over 70 years till today.
Headquartered in Pyongyang, a capital city of the DPRK, the Corporation has about 10 provincial insurance branches and over 200 insurance branches in municipalities (districts) and counties across the country.
Mainly carrying out an insurance business activity, the Corporation has been conducting a variety of non-insurance business activities as well, including an investment business and the operation of an information technology enterprise.
All operational activities of the Corporation are carried out under the guidance and supervision of State Insurance Committee and Insurance Law and Rules of the State.
The Corporation is making great efforts to actively contribute to the economic development of the country and the stability and enhancement of people’s living by developing new insurance products and innovatively updating the terms and conditions of insurance coverage in line with the requirement of a developing reality where an economic link between economic sectors is further intensified and the economic construction of socialism is waged with great vigor under today’s environment where an overall development of socialist construction is being pushed ahead. In particular, the Corporation is focused on making all insurance business activity further modern and information-based in line with the trends of insurance development of the world where achievements of up-to-date science and technology including artificial intelligence are being actively introduced.
Against the prolongation of a worldwide healthcare crisis the Corporation is making all possible efforts to satisfactorily perform its mission and duty as an insurance organization in promoting the economic development of the country and stabilizing and enhancing people’s living by further actively waging its insurance business activity.



Foundation of the Corporation

Korea National Insurance Corporation was founded in July, 1947 and has been carrying out Life and Non-Life insurance business activities in the DPR Korea for over 70 years.

Mission

The Korea National Insurance Corporation takes it as its principal mission to stabilize and improve peoples’ living and to support social economic development through its insurance activities.

Structure

The Corporation head office has the operational departments dealing with Life and non-Life insurance operation, as well as insurance branch offices across the country.

Executive Committee of Management

Hong Myong Ryong

ECM Chairman

Mr.Hong Myong Ryong, has been working with the Corporation since 1993 and directs the general operation of the Corporation as the ECM Chairman since 2014.
Mr.Kim Yong Gwon, the ECM Deputy-Chairman, has been working with the Corporation since 1999 and directs the operation of non-insurance firms of the Corporation.

Kim Yong Gwon

ECM Chairman

Ko Su Gil

ECM Member

Mr. Ko Su Gil, an ECM member, has been working with the Corporation since 1985 and is responsible for studying the domestic insurance business and world insurance markets and drawing up and submitting a prospective insurance business action plan of the Corporation.
Mr. Kim Chol Yong, an ECM member, has been working with the Corporation since 1999 and is in charge of Corporation’s financial accounting and auditing.

Kim Chol Yong

ECM Member

Yun Jin

ECM Member

Mr. Yun Jin, an ECM member, has been working with the Corporation since 1994 and directs Corporation’s insurance business for Rason Economic Trade Zone, newly developed economic zones and foreign entity-invested enterprises.

NEWS

The Corporation will further widen the range of its overall insurance business including the insurance products newly introduced in recent years to increase the companywide premium income and improve the qualitative aspect of insurance products and thus attain the annual net profit goal by insurance service activity. In addition, the Corporation plans to add and update the functions of insurance business program applications and further perfect the integrated insurance operation management system and electronic insurance service system for the improved scientific, accurate and prompt insurance service.
CONTACT US


Welcome to KNIC

We will always be with you as a kind and benign friend.

FINANCIALS

The consolidated financial statements of Corporation have been prepared in accordance with the requirements of Accounting Law and its relevant regulation of the DPRK and the accounting principles generally accepted in the country

GWP 48 274
Net Worth 131 040
Net Profit 7 205
In KPW million

TYPICAL FIGURES

Following figures show the rapid development of insurance in our country. ( In KPW million )

22,965

GWP of Life Insurance

2,639

U/Results of Life Insurance

25,309

GWP of Non-Life Insurance

9,066

U/Results of Non-Life Insurance

MEDIA

  • All
  • Photo
  • Movie

Quality Certification and Product Quality Guarantee Insurance

Quality Certification and Product Quality Guarantee Insurance

Quality Certification and Product Quality Guarantee Insurance

Passenger Insurance

Package Insurance

Package Insurance

Cargo Insurance

Cargo Insurance

Cargo Insurance

fish-insurance

fish-insurance

fish-insurance

building

building

building

fire

fire

fire

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Cultured Mountainous City Samjiyon(2)

Personal Accident Insurance

Livestock Insurance

Livestock Insurance

Livestock Insurance

Construction & Erection Insurance

Construction & Erection Insurance

Construction & Erection Insurance

Machinery Breakdown Insurance

Machinery Breakdown Insurance

Machinery Breakdown Insurance

Fire Insurance

Fire Insurance

Fire Insurance

69th Anniversary of the Victory in the Fatherland Liberation War

69th Anniversary of the Victory in the Fatherland Liberation War

69th Anniversary of the Victory in the Fatherland Liberation War

69th Anniversary of the Victory in the Fatherland Liberation War

69th Anniversary of the Victory in the Fatherland Liberation War

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

Widely use the natural energy

8.15

8.15

8.15

8.15

8.15

8.15

8.15

8.15

8.15

8.15

8.15

8.15

Fruit Insurance

Fruit Insurance

Fruit Insurance

Crop Insurance

Crop Insurance

Crop Insurance

Cargo Transport Insurance

Cargo Transport Insurance

Cargo Transport Insurance

ANNUAL REPORT 2021

ANNUAL REPORT 2021

ANNUAL REPORT 2021

ANNUAL REPORT 2021

ANNUAL REPORT 2021

ANNUAL REPORT 2021

ANNUAL REPORT 2021

ANNUAL REPORT 2021

ANNUAL REPORT 2021

ANNUAL REPORT 2021

ANNUAL REPORT 2021

Household Electric Appliance Insurance

Household Electric Appliance Insurance

The Motor Insurance

The Motor Insurance

The Motor Insurance

School ship "Unjong"

School ship "Unjong"

School ship "Unjong"

School ship "Unjong"

School ship "Unjong"

School ship "Unjong"

School ship "Unjong"

Marine Hull Insurance

Marine Hull Insurance

Protection and Indemnity Liability Insurance

Protection and Indemnity Liability Insurance

Civil Engineering Completed Risk Insurance

Civil Engineering Completed Risk Insurance

Civil Engineering Completed Risk Insurance

Insurance Service for Foreign-invested Enterprises

Insurance Service for Foreign-invested Enterprises

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

Disabilities can never frustrate dreams

CONTACT US

Address

Central District, Pyongyang DPR Korea