Company Overview
LIFE INSURANCE
BNP Paribas Cardif Life Insurance is the life insurance subsidiary of BNP Paribas Cardif in Korea, the insurance arm of BNP Paribas. Established as a joint venture between BNP Paribas Cardif and Shinhan Financial Group in October 2002, it was disaffiliated from Shinhan Financial Group in June 2009. Currently, BNP Paribas Cardif owns about 85% of the company and Shinhan Bank owns about 15%.
After surpassing break-even point in three years since its establishment through a unique business model anchored in partnerships and effective business management, the company has offered innovative, customer and partner-oriented insurance products and services 17 via bancassurance partners, General Agency and a mortgage outsourcing company.
About BNP Paribas Cardif
BNP Paribas Cardif is a world leader in creditor insurance*, providing its more than 80 million customers with products and services that let them realize their goals while protecting themselves from unforeseen events. BNP Paribas Cardif is committed to having a positive impact on society and to making insurance more accessible. A subsidiary of BNP Paribas, the insurer has a unique business model anchored in partnerships. It creates solutions for more than 500 partner distributors in a variety of sectors – including banks and financial institutions, automotive sector companies, retailers, telecommunications companies and energy companies – as well as for financial advisors and brokers who market the products to their customers. With a presence in more than 30 countries and strong positions in Europe, Asia and Latin America, BNP Paribas Cardif is a global specialist in personal insurance and a major contributor to financing for the real economy. With nearly 8,000 employees worldwide, BNP Paribas Cardif had gross written premiums of €30,0 billion in 2022.
*Source : Finaccord - 2022