Hyundai Marine & Fire Insurance's green product premiums reach 31 billion won... broadens its ESG strides

Hyundai Marine & Fire Insurance is expanding ESG insurance as it boosts coverage for renewable energy, EV charging facilities and distributed energy operators.

Last year, premium income from eco-friendly products rose 57.8% year on year to 31.098 billion won, led by renewable-energy-related policies.

The company is also broadening its ESG underwriting framework and plans more products for climate-risk protection, including flood insurance and UBI auto insurance.

By 2030, Hyundai Marine targets 50 billion won in ESG general insurance premiums and 4 trillion won in ESG auto insurance premiums.