ABL Life Insurance has reported an annual return on asset management of 4.3% last year. Despite the increased volatility in the financial market, it recorded annual returns of 3% to 4% from 2017 to last year, exceeding the industry average every year. ABL Life said, "It is an achievement made by an in-depth understanding of the market environment, establishing a balanced management strategy, and rapid investment judgment."
The monthly payment performance of coverage recorded 123.6% compared to the target, and as of last year, the 13th contract retention rate was 92.1% and the 25th contract was 78.7%. The contract retention rate (announced by the Financial Supervisory Service) of all domestic insurance companies was 87.5% in the first year (13th session) and 69.2% in the second year (25th session) last year. The contract retention rate is an indicator of how much customers trust the insurance company and whether they provide a sufficient explanation for the product when selling.
ABL Life Insurance's exclusive channel designer settlement rate is 81.5% as of last year, the highest in the industry.
Based on a 100% on-site employee-type sales manager system, the insurance company is increasing the number of people settled through organic collaboration between branch managers, team managers, and fostering managers.
ABL Life plans to continue to increase profitability by strengthening its portfolio. For example, by introducing various health insurance products, the number of products centred on security insurance is increasing.
The ABL Family THE Care Care Care Insurance (non-payment of cancellation refunds), launched on the 1st of last month, provides step-by-step coverage according to the long-term care grade.
In addition, the optional special agreement will cover a wide range of home care benefits, facility benefits, and caregiver costs to ensure old-age health and ease the burden of care in preparation for the super-ageing era, reported Maeil Business Newspaper.