A Commemorative Meeting held in Celebration of 70th Anniversary of Founding of the KNIC

A commemorative meeting was held to mark the 70th anniversary of founding of the Korea National Insurance Corporation on July 23rd, Juche106(2017).
Present at this meeting were more than 500 persons including the staff of the quarters of the Corporation, underwriters from its provincial, city and county branches, and other persons concerned.
The meeting started with the keynote address, delivered by Hong Myong Ryong, President of the Korea National Insurance Corporation, which was followed by speeches.
The president and speakers said that they were celebrating the 70th anniversary of founding of the Korea National Insurance Corporation in a meaningful way in a dynamic period when all the service personnel and people rallied closely to the Supreme Leader Comrade Kim Jong Un are rushing forward towards victory in building a powerful socialist country true to the ambitious blueprint unfolded at the Seventh Congress of the Workers' Party of Korea.
They mentioned full appreciation for the wise guidance of the Great Leader Comrade Kim Il Sung, the Great Leader Comrade Kim Jong Il and the Supreme Leader Comrade Kim Jong Un, who advanced people-oriented and Juche-oriented ideas and theories on insurance in the early days and established a genuine people’s insurance institute for the first time in the history of the country and saw to it that the work of insurance thoroughly contributed to the promoting people’s well-being.
They reviewed the proud 70-year history of development of the Korea Natonal Insurance Corporation. While bringing the people-oriented nature of socialist insurance into full play, the corporation with a wide network of its branches throughout the country has introduced a variety of insurance services on a large scale both for lives of the people and property of various sectors of the national economy and ensured timely and proper handling and settlement of claims arising out of flood, drought and other natural disasters and unexpected accidents. In this way, it has played an important role in stabilizing livelihood of the people and ensuring regular production and operation of enterprises.
The speakers noted that the unjustifiable sanctions imposed by the Imperialists on our insurance sector which is directly linked with humanitarianism are despicable acts aimed at preventing our national insurance from playing its proper role in promoting people's well-being. However, these sanctions are doomed to failure and the national insurance industry will continue to develop despite the sanctions, they confirmed with confidence.
They stressed that all insurance officials should make an active contribution to regular production and operation of enterprises and stability and improvement of people's livelihood. To this end, they, true to the principles and people-oriented nature of our insurance, should organize in full and in a more diversified way life insurance covering the lives of the people and the property insurance in all fields of  the national economy and enhance the role of insurance for prevention and compensation to help institutes, enterprises, cooperative organs and individuals pay deep attention to risk management and handle and settle claims in a timely and proper fashion.
They emphasized the need for the corporation to constantly streamline its business operation on an IT and modern basis in line with the requirements of the IT era in order to enhance the functions and roles of insurance in economic development and improve people’s standard of living.
They stressed that all insurance officials should cherish their noble sense of duty they have assumed for the people and fully discharge their  tasks in the current general onward march to create the Mallima speed with ardent patriotism, thereby contributing to the development of the national economy and to the promotion of the people’s welfare.
Commemorative meeting was followed by a training course for insurance officials.
The training course dealt with such practical issues arising in improving insurance services of the corporation, as introducing various insurance classes on a larger scale both for lives and property of the people and enterprises in various sectors of the national economy in accordance as required by the people-oriented nature of our insurance, so as to make sure that the insured pay deep attention to risk management, enhancing the role of insurance for preventing loss and damage, and ensuring timely and proper handling and settlement of claims arising out of flood, drought and other natural disasters and unexpected accidents so as to improve its functions ensuring in the stability of the livelihood for the people and regular production and operation of the enterprises.
The attendants reaffirmed that they would conduct insurance business more dynamically as required by the principles and people-orinted nature of insurance.