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Now a day's merely using safety outfits in not the only guarantee you should have while out on the road. HSBC insurance and financial groups is one of the largest South Korea's insurance groups to acquire 50 percent one share of its whole own subsidiary.HSBC extend its growing insurance business to south Korea whose insurance market is second largest in Asia. HSBC insurance ands Hana financial groups will have equal representation on Hana life's board of directors. This group was established to underwrite and distribute life insurance products for customers. The company employees around 150 people and have several branches. HSBC first entered in the Korean market in 1897 in Jemulpo and today it have 11 branches and five commercial banking centers or employing thousands of people.

Korea health insurance agency is a government agency that examines and evaluates medical expenses of about 45 million people. HIRA stores medical care details according with Korea health national insurance act. Korea export Insurance Corporation has been promoting sound overseas transactions since its establishment in 1992. KEIC provides general information to the customers and compensates the losses arise from export transactions and investments that cannot be handled by general insurance companies. Korea export Insurance Corporation is making various efforts to meet the requirements of customers and striving to become the premier export institutions in the world.

Korea has about four social insurance systems are National pension under the National pension act, Industrial accident compensation insurance, Employment insurance and national medical insurance under the medical insurance act. Korean branch and its employees each are required to make contribution for the national pension payment. Korean branch would be required to pay about 4.50 percent of total payment of the branch for industrial accident compensation insurance Employment system regulates several components like employment stabilization programs, job skills development programs etc. Korea Life Insurance Company offers life insurance services in Korea. Korea life insurance Company Ltd. is based in Seoul, South Korea and Vietnam to conduct market research and seek alliances with Korea life and financial firms. AIG Korea insurance is a foreign insurance company whose headquarter is in Seoul.

Korea life insurance market grew sharply last year. According to Financial supervisory service, local life insurers' premium incomes reached 266 billion. Premium payments may be fixed as to timing and amount or changed by the policy holder. Prudential life Korea and Korea life insurance cooperation Ltd. each earn about 10 and 12 billion won. Oracle Korea has launched oracle insurance solution to address insurance market demand and increase its business in the insurance market. Oracle insurance solution has been localized by leading life and property insurance companies. This solution has achieved improved business performance and cost savings.