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Samsung Fire & Marine Insurance
South Korea
1952 (73 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Samsung Fire & Marine Insurance
Company Information
Get to know Samsung Fire & Marine Insurance
Samsung Fire & Marine Insurance is a Korea-based company that delivers property and casualty insurance products and services to businesses and individuals. It was founded in 1952 under the name Korea Anbo Fire Marine Reinsurance Co. and was renamed Samsung Fire & Marine Insurance Co., Ltd. in December 1993. With offices in the USA, Europe, and Asian countries such as China, Indonesia, Japan, and Vietnam, Samsung Fire & Marine Insurance is expanding its operation network in cooperation with top foreign insurance companies and continuing to grow toward becoming a world-class financial institution providing various services.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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