Korea: ING Netherlands-based global insurer fourth in terms of insurance premium income in Korea

The life insurance industry has been led by big three players ― Samsung, Korea and Kyobo Life Insurance ― with the rest of the pack behind them. While there is little argument regarding who are the "big three," there is fierce competition going on to snatch the title of the number four spot in the industry.

"ING Life Insurance was the fourth in terms of insurance premium income last year," said a spokesperson at the Korea Life Insurance Association (KLIA). Having the position here, however, doesn't necessarily mean great news for the Netherlands-based global insurer.


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