Lee Bok-hyun Meets Chubb Group Chief: "Need to Expand Korean Investment"

Meeting with Evan Greenberg, Chairman of Chubb Group

Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), met with the head of the overseas insurance company Chubb Group to request an expansion of investment in the Korean market and discuss mutual cooperation plans.

The FSS announced that Governor Lee met with Evan Greenberg, Chairman and CEO of Chubb Group, to make this request. Chubb Group, the second-largest insurance company listed on the U.S. stock market by market capitalization, owns LINA Life Insurance, Chubb Life Insurance, and the Korean branches of ACE American Insurance and Chubb American Property & Casualty Insurance.

Governor Lee said, "As a global insurance company with extensive experience, we ask Chubb Group to contribute to the development of the domestic insurance market through the transfer of the latest management techniques and expansion of investment in Korea. We also urge you to fulfill the social role of insurance companies by developing products for vulnerable groups and providing risk coverage for businesses and households."

Chairman Evan Greenberg responded, "We highly value Korea's innovation capabilities and growth potential and plan to position LINA Life Insurance Korea as a key pillar for digital transformation and innovative growth in the Asian region. We will strengthen our social responsibility by expanding insurance products for people with pre-existing conditions and the elderly in line with financial regulatory policies."

On the 5th, Lee Bok-hyun, Governor of the Financial Supervisory Service, is taking a commemorative photo with Evan Greenberg, Chairman of Chubb Group. (Photo by Financial Supervisory Service)