DB Insurance Co Ltd - Company Profile
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DB Insurance Co Ltd (DB Insurance) is an insurance service provider. The company offers long-term insurance, commercial insurance, and auto insurance to individual and commercial clients. It provides insurance products for homeowners, fire, personal auto and personal accident, business owners, marine, property, engineering, commercial auto, commercial general liability, and workers compensation. It also offers aviation insurance, title insurance, boiler insurance, casualty insurance and voluntary insurance. It also provides services such as claim handling services, emergency dispatch services, auto-care services, will management link service, risk management service, legal assistance service, and affiliated funeral service. It has presence in the US, China, Myanmar and Indonesia. DB Insurance is headquartered in Seoul, South Korea.
Headquarters
South Korea
Address
Db Financial Center, 432, Teheran-Ro, Gangnam-Gu, Seoul, 06194
Website
www.idbins.com
Telephone
82 2 15880100
No of Employees
4,684
Industry
Financial Services
Ticker Symbol & Exchange
005830 (KRX)
Revenue (2022)
$11.6B
6.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-14.5%
(2022 vs 2021)
Market Cap*
$4.6B
Net Profit Margin (2023)
XYZ
-20.1%
(2022 vs 2021)
* As of and is in US$
DB Insurance Co Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Long-Term Insurance | Emergency dispatch service | Promy |
| Auto Insurance | On-site dispatch service | Promy Car |
| Commercial Insurance | Auto-care service | Promy Life |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company entered into an agreement with Tybalcon to enhance the structure of the automobile insurance repair market. |
| 2024 | Contracts/Agreements | In February, the company and the Korea Water Leakage Detectors Association signed a business agreement to build customer service for water leak accidents. |
| 2023 | Contracts/Agreements | In December, DB Non-life Insurance entered into a business agreement with SequenceN and YouTube crew Joongvengers to enhance the used car business. |
Competitor Comparison
| Key Parameters | DB Insurance Co Ltd | Hyundai Marine & Fire Insurance Co Ltd | Meritz Fire & Marine Insurance Co Ltd | Hanwha General Insurance Co Ltd | Heungkuk Fire & Marine Insurance Co., Ltd. |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | South Korea | South Korea | South Korea |
| City | Seoul | Seoul | Seoul | Seoul | Seoul |
| No. of Employees | 4,684 | 3,208 | - | 3,227 | 920 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jongpyo Jeong | Chairman; Chief Executive Officer | Executive Board | 2023 | 61 |
| Seunghyeong Nam | Director | Executive Board | 2023 | 55 |
| Jung Chae-woong | Director | Non Executive Board | 2022 | 70 |
| Seonae Jeon | Director | Non Executive Board | 2023 | 60 |
| Jeongho Choi | Director | Non Executive Board | 2019 | 69 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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