ABOUT US
Founded in 1947,Korea National Insurance Corporation is a recognized insurance organization which has been carrying out Life and Non-life insurance business activities in the DPR Korea for over 70 years till today. The Corporation is headquartered in Pyongyang, a capital city of the DPRK and has about 10 provincial insurance branches and over 200 insurance branch offices at municipalities (districts) and counties across the country. Its all business operation including insurance business has been carried out under the guidance and supervision of State Insurance Committee and strictly in compliance with the Insurance Law and insurance rules of the State. In particular, in line with the global insurance development trend, it is continuing to carry forward actively the work to put the modernization and digitization of its insurance operation on a higher level. The Corporation will make the greatest effort to achieve the constant development of insurance in the light of the protracted world health crisis and consistently push ahead with it, thereby discharging its mission and duty as the insurance organization.
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





Ri Ryon
ECM Chairman

Ko Su Gil
ECM Member





Kim Chol Yong
ECM Member

Yun Jin
ECM Member


NEWS
In 2021 too, 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.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 countryTYPICAL FIGURES
Following figures show the rapid development of insurance in our country. ( In KPW million )
GWP of Life Insurance
U/Results of Life Insurance
GWP of Non-Life Insurance
U/Results of Non-Life Insurance
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