Korea: HIS breaks into top 3 of insurance brokers in 2014
Source: Asia Insurance Review | May 2015
HIS Insurance Services has become a “Big 3” insurance broker in South Korea for the first time based on insurance brokerage statistics in 2014 after overtaking Willis Korea, said a company statement.
HIS, which is an indigenous broker, is now the third largest broker in Korea based on recently-released Korea Insurance Broker’s Association statistics. According to the statistics, Marsh Korea is the top broker with KRW35.2 billion (US$32.5 million) of brokerage, Aon Korea is second with KRW34.6 billion and HIS is third with KRW11.5 billion.
Prior to 2014, Marsh Korea, Aon Korea and Willis Korea had been the top three brokers in the country.