KIDI Organizational Restructuring... Establishment of 'Data New Growth Office'

The Korea Insurance Development Institute announced on the 27th that it has undergone an organizational restructuring.

The Institute established a new department called the Data New Growth Office, dedicated to data, statistics, and new growth tasks. Utilizing insurtech such as big data and artificial intelligence (AI), it plans to create added value and integrate new growth support functions to support the creation of new markets across all insurance categories. Additionally, to establish new systems such as the new International Financial Reporting Standards (IFRS17), it will expand related infrastructure and provide comprehensive consulting tailored to customer needs in actuarial, risk, and systems areas.

To improve organizational efficiency, the existing structure of ‘6 divisions, 1 office, 4 departments, and 38 teams’ was reorganized into ‘4 divisions, 1 office, 11 departments, and 39 teams.’ The middle management, which previously consisted of two levels?team leader and division head?has been strengthened to three levels: team leader, department head, and division head, to allow senior managers to focus on their tasks and prevent delays in decision-making.

In addition, a dedicated team was newly established to actively support important national projects related to public life and safety, such as mandatory disaster safety insurance (commissioned by the Ministry of the Interior and Safety). Furthermore, as the importance of compliance tasks such as personal information protection and internal control has increased, the Audit Team was expanded and reorganized into the Legal Audit Office.

Regarding personnel appointments, talents were selected based on ability and performance following the organizational restructuring, and middle managers (department heads) were strategically positioned forward.

Below are the personnel changes at the Korea Insurance Development Institute.

▲ Lim Juhyeok, Head of the Non-life Insurance Division

▲ Oh Seungcheol, Head of the Management Division

▲ Bae Donghan, Head of the Life and Long-term Non-life Insurance Division

▲ Shin Sanghwan, Head of Planning and Management Office and Head of Management Planning Team ▲ Jeong Geunhwan, Head of Information Services Office ▲ Hong Seongho, Head of General Non-life Insurance Office ▲ Moon Seongyeon, Head of Automobile Insurance Office ▲ Kim Daegyu, Head of Life and Long-term Non-life Insurance Office ▲ Yang Gyeonghee, Head of Data New Growth Office ▲ Gong Jinkyu, Head of Consulting Services Office ▲ Jeong Changho, Head of ARK Services Office ▲ Jo Hyewon, Head of Legal Audit Office and Audit Team Leader

▲ Jo Gyeongwon, Head of Talent Development Team ▲ Kim Bowon, Head of General Affairs and Public Relations Team ▲ Kim Byeonggon, Head of IT Planning and Security Team ▲ Jeong Beomgu, Head of IT Development Team ▲ Eom Giwoo, Head of System Operations Team ▲ Park Byeongcheol, Head of Actual Medical Insurance Team ▲ Lee Gangsu, Head of Property Insurance Team ▲ Yoo Seungwan, Head of Policy Insurance Team ▲ Lee Yonggil, Head of Disaster Safety Mandatory Insurance Team ▲ Seong Wonmyeong, Head of Automobile Insurance Team ▲ Kang Jaeho, Head of Automobile Information Team 2 ▲ Yoon Younggyu, Head of Life Insurance Team ▲ Jang Yujin, Head of Life and Long-term Statistics Team ▲ Lim Jiyoung, Head of Data and AI Planning Team ▲ So Sunseop, Head of New Growth Support Team ▲ Kim Mungap, Head of Actuarial Risk Team ▲ Ha Donggyeong, Head of Value Analysis Team ▲ Lee Jehyeon, Head of Solution TF Team ▲ Yoon Giyeol, Head of Legal Team, Legal Audit Office ▲ Lim Namkyung, Head of Training Team, Technical Research Office, Dongcha Technology Research Institute