NH Nonghyup Insurance Declares 2030 Vision, Sets Target of 5.5 Trillion Won in Direct Insurance Premiums

First Vision Declaration in Six Years Since 2020

NH Nonghyup Insurance announced on January 9 that it has declared its 2030 vision, "A Warm Heart That Understands Customers, A Strong Promise for Tomorrow."

This vision declaration comes six years after the 2020 announcement of "A Warm Journey Together, Creating the Future." The new vision outlines NH Nonghyup Insurance's mid- to long-term direction to respond to the changing market environment, including digital transformation and customer-centric management.

NH Nonghyup Insurance has announced its 2030 vision, "A Warm Heart That Understands Customers, A Strong Promise for Tomorrow." Executives and employees, including Song Chunsu, CEO of NH Nonghyup Insurance (ninth from the right in the front row), are posing for a commemorative photo. NH Nonghyup Insurance

The company will also pursue management structure improvements to enhance future value, transition to high-profit business models, and advance its management infrastructure. Through these efforts, it has set management goals of achieving 5.5 trillion won in direct insurance premiums and 150 billion won in net income by 2030.

To this end, the company has established key strategic initiatives, including innovation of the liability portfolio structure, advancement of the sales support system, establishment of an artificial intelligence (AI)-based customer center, and implementation of non-face-to-face insurance services.

Song Chunsu, CEO of NH Nonghyup Insurance, stated, "Since its launch in 2012, NH Nonghyup Insurance has maintained the identity of a cooperative and grown into a comprehensive non-life insurance company. Going forward, we will continue to uphold essential values for customers and farmers, and systematically strengthen our future competitiveness by executing the 2030 vision."

Meanwhile, on January 8 and 9, NH Nonghyup Insurance held a vision declaration ceremony attended by about 100 executives and employees, where they shared and reaffirmed their commitment to the vision. The event also provided an opportunity to reflect on the shared vision of the broader Nonghyup group, including the National Agricultural Cooperative Federation, Nonghyup Financial Group, Nonghyup Bank, and Nonghyup Life Insurance.