Since its establishment in 1987, OrangeLife has been contributing to the development of the domestic insurance market for the past 30 years on the strength of world class management capabilities and exceptional financial soundness. In February 2019, OrangeLife became a member of Shinhan Financial Group (SFG), a leading representative of Korea’s financial service industry. Strengthened and inspired by joining SFG, OrangeLife is taking a Quantum Leap forward.
OrangeLife has kept pace with innovations throughout its history. We were the first in the industry to offer low cash surrender value whole life insurance, and introduced a new paradigm to Korea’s insurance market in the process. As the industry’s earliest adopter of the agile organization system in 2018, we transformed ourselves into a fast-moving, flexible organization capable of promptly responding to customers’ changing needs. Furthermore, we were the first Korean life insurance company to launch a charitable insurance product and established the nonprofit organization Orange Hope Foundation. In short, we have spared no effort to realize Shinhan’s vision of Compassionate Finance.
As a member of SFG, OrangeLife will continue to pioneer innovation in Korea’s insurance market. We will build on a foundation of global management capabilities, outstanding capital strength, competitiveness in differentiated channels, and dynamic organizational culture to emerge as Asia’s leading life insurance company.