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Hyundai Marine & Fire Insurance

현대해상화재보험

80Score

★★★☆☆3.9

Customer satisfaction · 7.0M members

AM Best: A (Excellent)(2025)

Hyundai Marine & Fire Insurance is a major non-life insurer and affiliate of the Hyundai Motor Group. It ranks among the top 5 non-life insurers in Korea, offering medical expenses, cancer, critical illness, long-term care, and children's insurance products.

Overall Score

80/100

Founded

1955

Headquarters

Seoul

Type

private

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Key Metrics

Parent Group

Hyundai Motor Group

Ranking

Top 5 non-life insurer

Specialization

Medical expenses, cancer, CI

Insurer Type

Non-life / general (health focus)

Editorial Ratings

AM Best: A (Excellent)(2025)

Rating: A (Excellent) (max: A++ (Superior))

80AM

Coverage Highlights

✓Medical expenses and cancer insurance
✓Critical illness and long-term care coverage
✓Popular children's insurance and savings plans
✓Growing digital insurance capabilities
✓Hyundai Motor Group ecosystem integration

Pros

✓Hyundai Group brand backing
✓Comprehensive non-life health products
✓Competitive pricing on medical expense plans
✓Good customer service network

Cons

✗Less internationally known than Samsung or Hanwha
✗English services very limited
✗Primarily focused on Korean domestic market

Frequently Asked Questions

Is Hyundai Marine & Fire connected to Hyundai Motor?

Yes. Hyundai Marine & Fire Insurance is an affiliate of the Hyundai Motor Group ecosystem, benefiting from the group's brand recognition and financial strength.

What health products does Hyundai Marine & Fire offer?

Hyundai Marine & Fire offers medical expenses insurance, cancer coverage, critical illness plans, long-term care insurance, and popular children's insurance products.

What is Hyundai Marine & Fire's financial rating?

Hyundai Marine & Fire holds an AM Best A (Excellent) financial strength rating.

Quick Summary

InsurerHyundai Marine & Fire Insurance

Country🇰🇷 South Korea

Overall Score80/100

Satisfaction3.9/5

Members7.0M

Typeprivate

Founded1955

Other Insurers in South Korea

Samsung Life Insurance

private

91.7

/ 100

Kyobo Life Insurance

private

86.7

/ 100

DB Insurance

private

/ 100

Hanwha Life Insurance

private

82.5

/ 100

KB Insurance

private

/ 100

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