What Does Samsung Fire & Marine Insurance Do?

Total employees6115
HeadquartersSeoul
Founded1952

Samsung Fire & Marine Insurance (SFMI), established in 1952, is a premier non-life insurance company in South Korea and a key member of the Samsung Group. It provides a diverse range of insurance products and services, including auto insurance, general P&C (property and casualty) insurance, long-term insurance, marine, aviation, and reinsurance. With a strong focus on customer satisfaction and digital innovation, SFMI has expanded its operations globally, establishing a presence in key markets across Asia, Europe, and the Americas. The company is committed to sustainable growth, risk management, and contributing to societal well-being through its various CSR initiatives.

Where Is Samsung Fire & Marine Insurance's Headquarters?

HQ Function

Serves as the central hub for global operations, strategic decision-making, product development, risk management, and corporate governance for Samsung Fire & Marine Insurance.

Notable Features:

Modern high-rise corporate building, likely equipped with advanced technology infrastructure typical of Samsung facilities. Designed to accommodate a large workforce and facilitate efficient operations.

Work Culture:

Reflects a blend of traditional Korean corporate culture emphasizing diligence, teamwork, and hierarchy, combined with Samsung's push for innovation, technological adoption, and global competitiveness. Emphasis on customer service and financial stability.

HQ Significance:

The headquarters is vital for coordinating SFMI's extensive domestic market leadership and its expanding international insurance and reinsurance activities. It symbolizes the company's stability and prominence in the financial sector.

Values Reflected in HQ: The headquarters likely embodies Samsung's values of excellence, innovation, integrity, and customer-centricity, as well as the stability and reliability expected of a major insurance provider.

Location:

Samsung Fire & Marine Insurance supports a wide array of functions globally, including direct insurance underwriting (property, casualty, marine, auto), reinsurance services, claims management, risk assessment, and customer support. The company operates through a network of branches, subsidiaries, and liaison offices in key markets across Asia (e.g., China, Vietnam, Indonesia, Singapore, India), Europe (e.g., UK), and the Americas (e.g., USA, Brazil). This global network enables SFMI to serve multinational corporations, manage diverse risk portfolios, and tap into growth opportunities in emerging and developed insurance markets worldwide.

Street Address:

67, Seocho-daero 74-gil

City:

Seoul

State/Province:

Seocho-gu

Country:

Republic of Korea

Where Else Does Samsung Fire & Marine Insurance Operate Around the World?

Ho Chi Minh City, Vietnam

Address: Samsung Vina Insurance Co., Ltd., 22nd Floor, E.town Central Building, 11 Doan Van Bo Street, Ward 13, District 4, Ho Chi Minh City, Vietnam

To serve the growing Vietnamese insurance market, support Korean and international businesses in the region, and expand SFMI's footprint in Southeast Asia.

Jersey City, New Jersey, USA

Address: Samsung Fire & Marine Insurance Company, U.S. Branch, 101 Hudson Street, Suite 3602, Jersey City, NJ 07302, USA

To underwrite and manage risks for commercial clients in the U.S. market, leveraging SFMI's global expertise and financial strength. Also facilitates strategic partnerships and investments in the U.S.

London, United Kingdom

Address: Samsung Fire & Marine Insurance Company of Europe Ltd., 4th Floor, 40 Gracechurch Street, London, EC3V 0BT, United Kingdom

To cater to the insurance needs of businesses operating in Europe, manage European risk exposures, and strengthen SFMI's presence in the key London financial market.

Buying Intent Signals for Samsung Fire & Marine Insurance

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Samsung Fire & Marine Insurance? Meet the Executive Team

As of April 2025, Samsung Fire & Marine Insurance' leadership includes:

Lee Mun-ho - President and Chief Executive Officer (CEO)
Kim Il-pyung - Executive Vice President, Head of Personal Insurance Division
Bae Sung-won - Executive Vice President, Head of Corporate Insurance Division

Who's Investing in Samsung Fire & Marine Insurance?

Samsung Fire & Marine Insurance has been backed by several prominent investors over the years, including:

Publicly Traded on Korea Exchange (KRX: 000810)
Samsung Life Insurance (Major Shareholder, approx. 15%)
Samsung C&T Corporation
National Pension Service of Korea (Major Institutional Investor)
Other domestic and international institutional investors, and individual shareholders.

What Leadership Changes Has Samsung Fire & Marine Insurance Seen Recently?

Hire1
Exits1

The most significant executive change in the past year was the appointment of Lee Mun-ho as the new President and CEO, effective from March 2024 (nominated in December 2023). This represents a key leadership transition, succeeding Choi Young-moo.

Departures

Choi Young-moo, Choi Young-moo concluded his term as CEO, leading to a leadership change at Samsung Fire & Marine Insurance.

New Appointments:

Lee Mun-ho, Lee Mun-ho, formerly an Executive Vice President within the company, was appointed as the new President and CEO to lead Samsung Fire & Marine Insurance.

What Technology (Tech Stack) Is Used bySamsung Fire & Marine Insurance?

Discover the tools Samsung Fire & Marine Insurance uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Samsung Fire & Marine Insurance Email Formats and Examples

Samsung Fire & Marine Insurance, like other Samsung affiliates, generally uses standardized email formats for its employees. Common patterns typically involve a combination of the employee's first name, last name, or initials, followed by the company domain '@samsungfire.com'. Variations might exist based on department or region, but these are the most prevalent formats.

[first].[last]@samsungfire.com or [firstinitial][lastname]@samsungfire.com

Format

jane.doe@samsungfire.com

Example

85%

Success rate

What's the Latest News About Samsung Fire & Marine Insurance?

The Korea Herald • December 20, 2023

Samsung Fire & Marine names Lee Mun-ho as new CEO

Samsung Fire & Marine Insurance announced the nomination of Lee Mun-ho, then an executive vice president, as its new CEO. The appointment was subject to approval at the annual shareholders' meeting in March 2024, succeeding Choi Young-moo....more

Antara News • October 30, 2023

Samsung Fire & Marine Insurance Indonesia wins 'Best General Insurance Company 2023'

PT Samsung Fire & Marine Insurance Indonesia, a subsidiary of SFMI, was awarded the 'Best General Insurance Company 2023' in the category of companies with assets between Rp500 billion and Rp1 trillion by Media Asuransi. This award recognized the company's performance and contribution to the Indonesian insurance industry....more

The Korea Economic Daily • May 15, 2024

Samsung Fire Q1 net profit jumps 15% on robust underwriting

Samsung Fire & Marine Insurance Co. reported a 14.6% year-on-year increase in its first-quarter net profit, reaching 701 billion won ($517.8 million). This growth was attributed to strong performance in its underwriting business, particularly in long-term and general insurance lines, alongside improved investment returns....more

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