Samsung Life Insurance Named Excellent Business Operator in Insurance Sector in '2025 Retirement Pension Business Operator Evaluation'

Samsung Life Insurance announced on the 10th that it had been selected as an excellent business operator in the insurance sector in the '2025 Retirement Pension Business Operator Evaluation' announced by the Ministry of Employment and Labor, and received the Minister of Employment and Labor Award.

The Retirement Pension Business Operator Evaluation is a statutory evaluation system that has been in operation since 2018, aiming to enhance the credibility of the retirement pension system by objectively assessing each operator's management capabilities and service quality. In this year’s evaluation, 41 retirement pension business operators participated, and both quantitative and qualitative assessments were conducted across four evaluation categories-management product capabilities, rate of return performance, organizational and service capabilities, and fee efficiency-using 15 evaluation indicators.

At the 'Retirement Pension Development Council Regular General Meeting Business Operator Evaluation Awards' held at Samsung Financial Campus in Seocho-gu, Seoul, Jang Jeongsu, Head of Samsung Life Insurance Pension Division 3, is receiving a certificate for being selected as an excellent business operator in the insurance industry. Samsung Life Insurance

Samsung Life Insurance was recognized as an excellent business operator in the insurance sector, showing outstanding performance in the management product capabilities and organizational and service capabilities categories. The company enhanced its asset management capabilities by allocating retirement pension teams and functions within its asset management division, expanded OCIO (Outsourced Chief Investment Officer) solutions for DB clients, and improved its management competitiveness by utilizing 'FUN ETF' for customized portfolio construction. In addition, it provided financial verification services based on actuarial expertise, offered asset management consulting through a dedicated retirement pension team of more than 300 professionals, and delivered retirement planning education and support services for subscribers through various media channels, leading to its comprehensive selection as an excellent business operator.

As of the third quarter of this year, Samsung Life Insurance's retirement pension reserves amounted to 51 trillion won, ranking first in the entire financial sector. The company also continues to deliver strong management performance, ranking among the top in one-year returns for defined contribution (DC) and individual retirement pension (IRP) plans among the top 10 retirement pension business operators.

A Samsung Life Insurance representative stated, "This evaluation result is the outcome of our efforts to actively listen to and reflect the voices of our customers, based on a systematic asset management strategy," adding, "We will continue to provide the best service by combining expertise and innovative technology to support our customers’ retirement planning."