The Korea Herald

피터빈트

INCARINSU aims for W400b in sales

By Chung Joo-won

Published : May 19, 2013 - 20:48

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INCARINSU Co. CEO Choi Byung-chae (center) gestures with company staff. (INCARINSU) INCARINSU Co. CEO Choi Byung-chae (center) gestures with company staff. (INCARINSU)
INCARINSU, the nation’s top insurance brokerage company, said it was aiming to sell 400 billion won ($350 million) in insurance products for this year.

“We will raise the goal to 600 billion won next year, and we will do our best to ensure transparency and corporate ethics throughout our 2 trillion won goal for 2020,” company CEO Choi Byung-chae said.

The insurer currently has some 950 branches and about 4,000 sales dealers nationwide.

INCARINSU has won awards for job creation, and recently recruited 20 new faces amid high unemployment among the young generation.

The firm takes pride in its education programs, including online employee training, 24-hour online lecture broadcasts, insurance consulting classes and post-retirement insurance lessons, company officials said.

The officials said grafting information technology onto insurance business was its core strategy as a venture company.

The country’s first state-certified insurance venture firm has developed a unique electronic management system TRM, or total risk management system, acquiring a patent in 2012.

The TRM’s strengths are its price-comparing and insurance-consulting functions.

The insurance fee comparing system lets customers see the varying prices of different auto insurance companies, so that they can get the same high-quality insurance at better prices, according to the company.

The TRM’s insurance consulting service helps each customer tailor his or her own long-term insurance plan after retirement. It calculates changes in inflation rates, post-retirement income and amount of pension and comes up with the best insurance plan for individual customers.

The TRM service is also available online through tablet PCs, the company said.

By Chung Joo-won (joowonc@heraldcorp.com)