Samsung Life and Samsung Fire & Marine hold the largest payment reserves among local life and non - life insurance companies , according to the Financial Supervisory Service . FSS data showed that Samsung Life holds 99 . 1 trillion won ( $ 91 . 7 billion ) in provisions for insurance payments to customers , topping the list among Korea ’ s life insurers . The amount held by the Samsung Group ’ s financial unit is equivalent to 35 percent of the combined reserves of 279 trillion won in the life insurance industry . A Samsung Life spokesman said his company has been collecting about 20 trillion won in insurance premiums on average per annum , attributing the noteworthy performance to operating knowhow over the past 50 years . “ But as the amount of payments for accidents and savings - type products is also high , we have to accumulate provisions as much as possible , ” he said . Korea Life ranked second with 43 . 3 trillion won in reserves , followed by Kyobo Life with 39 . 6 trillion won , ING Life with 11 . 6 trillion won and Allianz Life with 11 . 4 trillion won . For the non - life sector , Samsung Fire posted 21 . 6 trillion won in payment reserves , trailed by Dongbu Insurance with 10 . 2 trillion won , LIG Insurance with 8 . 7 trillion won , Meritz Fire with 5 . 7 trillion won and Hanwha General Insurance with 4 . 1 trillion won . By Kim Yon - se ( kys @ heraldm . com )