NongHyup Property & Casualty Insurance

NH농협손해보험

Outline

Establishment
March 2, 2012
CEO
Choi, Chang Su
Largest shareholder
NongHyup Financial Group (100%)
Address
KT&G Seodaemun Tower, 60, Chungjeong-ro, Seodaemun-gu, Seoul 03740 Korea
Website
http://www.nhfire.co.kr

Greeting

Choi, Chang Su

NongHyup Property & Casualty Insurance Co., Ltd. is a property damage insurance company newly launched in March 2012 by the National Agricultural Cooperative Federation, which has grown together with the farmers for 50 years. The company was established to strengthen its expertise as an insurance company and to provide benefits of insurance to more clients.

NongHyup Property & Casualty Insurance Co., Ltd. will become a company with farmers and clients as its major participants to repay with better products and services and grow together with our clients to promote sound management.

Key Milestones

1961. 08
The National Agricultural Cooperative Federation established through the merger of Agricultural Bank and Agricultural Cooperative
1961. 10
Entered the fraternal fire insurance business
1965. 08
Entered the fraternal life insurance business
1977. 01
Acquired a post office insurance business
1996. 01
Began to offer fraternal casualty insurance for farmers
2001. 03
Began to offer crop insurance
2009. 12
Reached the 30 trillion won mark in insurance assets and 100 billion won mark in net income
2012. 03
Launched NongHyup Property & Casualty Insurance Co., Ltd.
2012. 04
Announced the ‘Vision 2020’

“High-class NongHyup Property & Casualty Insurance together with the happiness of customers!”
2013. 04
Announced the representative brand, ‘Hearim’
2014. 03
Completed construction of next-generation IT system
2015. 04
Certified as an “Excellent call center in Korea” by KSQI
2015. 12
Acquired A.M. Best credit rating (A-, Stable)

Acquired the certification for consumer centered management (CCM)
2016. 05
Certified as an “Excellent call center in Korea” by KSQI
2016. 11
Acquired the right to exclusively use the NH Premier Driver Insurance
2016. 12
Certified as an excellent company by the Korean Standard-Service Quality Index

Acquired A.M. Best credit rating (A-, Stable)
2017. 03
Built the Direct (CM) Mall
2017. 05
Certified as an “Excellent call center in Korea” by KSQI (for three years in a row)
2017. 12
Acquired the (re-) certification of customer centered management (CCM)

Acquired A.M. Best credit rating (A-, Stable)
2018. 06
Acquired the right to exclusively use the ‘NongHyup Dementia & Stroke Insurance’
2018. 08
Introduced biometric authentication/ verification in all areas for the first time in the industry
2018. 12
Acquired A.M. Best credit rating (A-, Stable)
2019. 02
Acquired the right to exclusively use the ‘Bovine Blood Splash Compensation Insurance’

Received the Excellent Enterprise Prize from the Korea Auditor Federation
2019. 04
Designated as the Innovative Financial Service of ‘On-Off Overseas Travel Insurance’
2019. 06
Launched the ‘On-Off Overseas Travel Insurance’

‘Direct Insurance E-coupon Service’ designated as an Innovative Financial Service
2019. 07
Selected as an excellent model case for the insurance company ORSA institution
2019. 12
Launched the ‘Mobile insurance voucher’

Acquired A.M. Best credit rating (A-, Stable).

Acquired the (re-) certification of customer centered management (CCM).
2020. 05
Certified as an “Excellent call center in Korea“ by KSQI (for six years in a row).