NH Nonghyup Life Holds Second Half Business Strategy Meeting

NH Nonghyup Life held the 2024 second half business promotion strategy meeting on the 9th at the Nonghyup Life Seorak Training Center.

NH NongHyup Life Insurance announced on the 12th that it held the 2024 second half business promotion strategy meeting on the 9th at the NongHyup Life Insurance Seorak Training Center. A total of 130 people attended the meeting, including CEO Yoon Hae-jin, headquarters and regional organization executives and employees, and sales managers.

The meeting was held to review the performance of the first half of this year, emphasize the management strategy for the remaining second half, and promote communication and harmony with members. It began with sharing the first half performance by division and the business promotion plan for the second half of this year, followed by presenting a roadmap to establish a foundation for future growth.

Heads of each division presented key goals such as ▲management measures to improve profitability ▲strengthening synergy capabilities by division ▲enhancing the social safety net role for farmers ▲increasing new contract Contractual Service Margin (CSM) and expanding market share ▲improving asset management yield.

CEO Yoon Hae-jin conveyed requests including ▲achieving the annual profit and loss target ▲enhancing sales competitiveness in the second half ▲minimizing risks and improving asset management yield ▲actively responding to the new international accounting standards (IFRS17) and solvency ratio (K-ICS) system ▲discovering and promoting new businesses.

CEO Yoon said, “I thank the executives and employees who have achieved many results during the first half, and I ask all executives and employees to unite in one direction until the end of this second half.”