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Meritz Fire & Marine Insurance

메리츠화재해상보험

70Score
★★★☆☆3.8

Customer satisfaction · 5.0M members

AM Best: A- (Excellent)(2025)

Meritz Fire & Marine Insurance is one of the oldest insurers in Korea with over 100 years of history. With revenue of approximately USD 2.7 billion and an AM Best A- (Excellent) rating, it is known for competitive premiums on supplementary medical expense insurance.

Overall Score

70/100

Founded

1922

Headquarters

Seoul

Type

private
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Key Metrics

Revenue

USD ~2.7B

Employees

~2,843

Founded

1922 (100+ years)

Insurer Type

Non-life (health, auto, property)

Editorial Ratings

AM Best: A- (Excellent)(2025)

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

70AM

Coverage Highlights

  • ✓Strong supplementary medical expenses insurance
  • ✓Competitive premiums for health coverage
  • ✓Auto and property insurance alongside health
  • ✓100+ years of market experience

Pros

  • ✓Century-long track record in Korean market
  • ✓Competitive premiums for medical expense insurance
  • ✓Solid AM Best A- rating
  • ✓Agile company compared to larger competitors

Cons

  • ✗Smaller scale than DB Insurance or Samsung Fire & Marine
  • ✗Limited English-language services
  • ✗Narrower product range than larger insurers

Frequently Asked Questions

How old is Meritz Fire & Marine Insurance?

Meritz Fire & Marine was founded in 1922 as Dong-yang Insurance and renamed in 2005, making it one of the oldest insurers in Korea with over 100 years of history.

What is Meritz best known for?

Meritz is well-known for competitive premiums on supplementary medical expense insurance, as well as auto and property coverage.

What is Meritz's financial strength?

Meritz holds an AM Best A- (Excellent) rating, indicating strong financial stability and claims-paying ability.

Quick Summary

InsurerMeritz Fire & Marine Insurance
Country🇰🇷 South Korea
Overall Score70/100
Satisfaction3.8/5
Members5.0M
Typeprivate
Founded1922

Other Insurers in South Korea

Samsung Life Insurance

private

91.7

/ 100

Kyobo Life Insurance

private

86.7

/ 100

DB Insurance

private

85

/ 100

Hanwha Life Insurance

private

82.5

/ 100

KB Insurance

private

80

/ 100

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