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South Korea
RGA Reinsurance Company
Korea Branch
RGA Korea is a leading reinsurer with teams dedicated to market research, product development, underwriting, actuarial, settlements, and data analysis.
RGA Korea provides a strategic partnership from start to finish with the “360° Commitment Service”. We have expanded to become a full-service reinsurer, offering product development, strategy development, distribution advice, capital management, facultative underwriting, and more recently digital underwriting solutions.
Over two decades, RGA has built a lasting legacy of innovation and client partnership in Korea. Since opening a Seoul representative office in 2002, RGA has introduced multiple innovative products to the market, including providing product and pricing expertise for the first contemporary critical illness product launched in Korea.
Office Leadership
Michael Shin
Chief Executive Officer
RGA Korea
Senior Vice President, Chief Marketing Officer
Asia
Meet the Team
RGA Korea strives to be a reliable partner to our clients by bringing ideas that allow them to grow profitability and to make business decisions that support strong, long-term relationships.
Location
RGA Reinsurance Company
Korea Branch
Seoul Finance Center 12F
136, Sejong-daero,
Jung-gu, Seoul, 04520
Korea
Product development is a core business of RGA Korea branch. Based on great experience and a high level of expertise, we focus on developing innovative products that meet the needs of our clients to secure their key growth drivers.
We always have developed successful products that lead the industry leveraging RGA's global network and specialized knowledge in various ways and are developing competitive products by rapidly responding to changes in our client and market needs.
Moving forward, we will always be with our clients through steady R&D to develop new products which can lead the industry.
To demonstrate RGA Korea’s commitment to being your business partner, we deliver “360° Commitment Service.” We go beyond providing products and services to offer ongoing business process support. This includes:
- Planning a product design workshop
- Developing marketing plans to increase sales
- Tracking product performance per channel: we analyze successful and less successful factors after a product launch, using these findings to either refine the existing product or plan the next version
RGA pioneered the use of reinsurance as a financial management tool. RGA Korea offers a range of financial solutions, such as capital-motivated and longevity reinsurance, to help manage capital and risk.
RGA has one of the most experienced underwriting teams among reinsurers; the company is the worldwide leader in facultative underwriting, receiving more than 8 million cases since 1979.
RGA Korea is the leading company in offering facultative underwriting services with over 10,000 cases being assessed annually.
RGA Korea also offers a variety of underwriting-based solutions, including SEP and SEP+, which allows clients to accept more cases for both fully underwritten or simplified issue products.
CAB and IRS are another automated underwriting solutions utilizing both internal and external data in order to enhance the customer application process.
Together with our expertise, and professional resources like RGA's Global Underwriting Manual, we seek to provide the best services to our client partners.
Explore Our Solution Finder
RGA is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital.
RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus.
Explore RGA's Knowledge Center
Looking for insight? For the sixth consecutive year, RGA was ranked #1 in thought leadership and knowledge by ceding companies on NMG Consulting’s 2022 Global Life and Health Reinsurance Study. Explore our extensive collection of articles, white papers, and videos to gain fresh perspectives on risk assessment and risk transfer, including specialized publications such as RGActual.
Our Experts
Can Help
We are eager to engage with clients to address the industry’s most pressing challenges together.
For the 10th consecutive year, ceding companies ranked RGA #1 on NMG Consulting’s 2021 Global All Respondent Business Capability Index (BCI) for ease of doing business and product innovation. Curious? Let’s talk.
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Solutions Around the Globe
Multinational life and health insurers must grow in markets that are increasingly complex. RGA’s Global Client Office augments our local expertise with a global view and a central point of contact. We bring together a full suite of shared value-added services, from the specialized expertise and deep organizational knowledge of the RGA Global Accounts and Health teams to transformative innovation and expertise from RGAX, and beyond.