privateFinancial Strength: Moody's A1 / Fitch A+Online Signup

Kyobo Life Insurance

교보생명보험

86.7Score

★★★★☆4.1

Customer satisfaction · 5.0M members

Moody's: A1(2025)Fitch: A+(2025)KIDI: #2 Life Insurer in Korea(2025)

Kyobo Life is the second-largest life insurer in South Korea by gross written premiums (~KRW 19 trillion). Known for its conservative and stable investment strategy, Kyobo holds strong financial ratings (Moody's A1, Fitch A+) and went public in 2023.

Overall Score

86.7/100

Founded

1958

Headquarters

Seoul

Type

private

Get a Free Quote→

No obligation. Compare personalized rates.

Key Metrics

Market Share

~16%

Total Assets

Substantial (top 3)

Premium Volume

KRW ~19 trillion

Insurer Type

Supplementary life & health

Editorial Ratings

Moody's: A1(2025)

Rating: A1 (max: Aaa)

85Moody's

Fitch: A+(2025)

Rating: A+ (max: AAA)

80Fitch

KIDI: #2 Life Insurer in Korea(2025)

Rating: #2 Life Insurer by Premium Volume (max: #1)

95KIDI

Coverage Highlights

✓Comprehensive health and protection product suite
✓Cancer and critical illness coverage
✓Conservative investment-backed policies for stability
✓Pioneer in digital transformation among Korean insurers
✓Strong brand loyalty with education and culture focus

Pros

✓Very strong financial strength ratings (A1/A+)
✓Conservative risk management approach
✓Comprehensive supplementary health plans
✓Strong brand loyalty

Cons

✗Less aggressive digital innovation compared to peers
✗Primarily Korean-language services
✗IPO relatively recent (2023) — public track record shorter

Frequently Asked Questions

What is Kyobo Life's financial strength?

Kyobo Life holds a Moody's A1 and Fitch A+ financial strength rating, reflecting strong financial stability and conservative risk management.

When did Kyobo Life go public?

Kyobo Life completed its IPO in 2023, transitioning from a mutual-to-stock company structure. It was originally founded in 1958 as Daehan Kyoyuk Insurance.

What types of health insurance does Kyobo Life offer?

Kyobo Life offers supplementary health products including cancer insurance, critical illness coverage, hospital expense plans, and comprehensive protection suites to complement NHIS.

Is Kyobo Life a good insurer for expats?

Kyobo Life primarily serves the Korean domestic market with Korean-language services. Expats may find limited English support and should consider whether agent assistance is available in English.

Quick Summary

InsurerKyobo Life Insurance

Country🇰🇷 South Korea

Overall Score86.7/100

Satisfaction4.1/5

Members5.0M

Typeprivate

Founded1958

Other Insurers in South Korea

Samsung Life Insurance

private

91.7

/ 100

DB Insurance

private

/ 100

Hanwha Life Insurance

private

82.5

/ 100

KB Insurance

private

/ 100

Hyundai Marine & Fire Insurance

private

/ 100

Ready to get covered?

Get a personalized quote from Kyobo Life Insurance today.

Get Free Quote→