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Seoul Guarantee Insurance

Full company profile

uuid00029kv

Namestring
Seoul Guarantee Insurance
Legal namestring
SGI Seoul Guarantee Insurance
Websiteurl
sgic.co.kr
Company typeenum
Private
Founded yearint
1969
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersSeoul, South Korea
HQ citystring
Seoul
HQ countrystring
South Korea
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
surety insurance, guarantee bonds, commercial insurance, contract guarantees, financial guarantee services
NAICS code2 codes
  • Direct Insurance (except Life, Health, and Medical) Carriers52412
  • Direct Property and Casualty Insurance Carriers524126
SIC code1 code
  • Surety Insurance6351
Product category
Surety and Guarantee Insurance
Social media profiles1 record
Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Seoul Guarantee Insurance (SGI서울보증) is a South Korean guarantee and insurance company founded in 1969 that provides a complete range of insurance services, primarily focused on guarantee and surety products for contractual and financial obligations. The firm operates as a publicly traded insurer on the Korea Exchange and serves clients across South Korea from its Seoul headquarters.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Seoul Guarantee Insurance (SGI서울보증) is a South Korean guarantee and insurance company. Based on the available source data, no detailed product portfolio, modules, or service offerings were extractable from the provided content.

Product and service1 record
1Comprehensive Insurance Services
CategoryInsurance Services
Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Peers10 records
1The Hartford
TypeDirect peer
Description

The Hartford runs a large surety business alongside its commercial P&C franchise. Comparable to SGI as a focused surety underwriter serving small-to-mid-cap contractors and commercial contract parties with similar bond-issuance workflows.

2Chubb Limited
TypeBroad incumbent
Description

Chubb is a global P&C and specialty insurer with a substantial surety and guarantee line. Comparable to SGI as a broader incumbent offering surety within a wider commercial insurance portfolio, particularly for multinational contract risks.

3Liberty Mutual Insurance
TypeDirect peer
Description

Liberty Mutual is among the largest global surety writers through its Global Surety unit. Comparable to SGI in product mix (contract, commercial, and fidelity surety), underwriting approach, and exposure to large infrastructure projects.

4Samsung Fire & Marine Insurance
TypeBroad incumbent
Description

Samsung Fire & Marine is a major Korean P&C insurer with commercial and specialty lines. Comparable to SGI as a large domestic competitor addressing Korean corporate risk with overlapping guarantee/surety-adjacent products.

5Meritz Fire & Marine Insurance
TypeDirect peer
Description

Meritz Fire & Marine is a growing Korean non-life insurer expanding in specialty commercial lines. Comparable to SGI in its focus on Korean commercial and specialty P&C customers, including guarantee-type coverage.

6Hyundai Marine & Fire Insurance
TypeBroad incumbent
Description

Hyundai Marine & Fire is one of the largest Korean P&C insurers. Comparable to SGI as a broad domestic incumbent offering commercial lines that include guarantee and surety products alongside general P&C, competing for the same corporate accounts.

7KB Insurance
TypeDirect peer
Description

KB Insurance is a leading Korean non-life insurer offering P&C and surety-adjacent guarantee products. Comparable to SGI in target market (Korean commercial customers), regulatory environment, and distribution model.

8The Travelers Companies
TypeDirect peer
Description

Travelers is one of the largest U.S. surety bond underwriters globally. Directly comparable to SGI because both specialize in contract and commercial surety, share a regulated insurance-carrier business model, and serve construction and corporate contract-driven customers.

9DB Insurance
TypeDirect peer
Description

DB Insurance is a major South Korean non-life (P&C) insurer listed on KRX. Comparable to SGI as a domestic competitor underwriting commercial and specialty P&C lines, including surety and guarantee products, for Korean corporate customers.

10Korea Reinsurance Company
TypeOthers
Description

Korea Re is the domestic reinsurer supporting Korean insurers including surety writers. Comparable to SGI as a regulated Korean financial institution whose reinsurance capacity and pricing decisions directly affect SGI's underwriting economics.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Seoul Guarantee Insurance

Surety and Guarantee Insurancesgic.co.kr

Seoul Guarantee Insurance firmographics

Firmographics
Name
Seoul Guarantee Insurance
Legal name
SGI Seoul Guarantee Insurance
Website
https://sgic.co.kr
Company type
Private
Founded year
1969
Operating status
Operating
Headcount range
1,001–5,000 employees
Ownership category
akta.pro rank

Where Seoul Guarantee Insurance is headquartered

Location

Headquarters

HQ city
Seoul
HQ country
South Korea
HQ region
Asia

Markets served

Seoul Guarantee Insurance business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Seoul Guarantee Insurance product offering

Product offering

Core offering

Seoul Guarantee Insurance (SGI서울보증) is a South Korean guarantee and insurance company founded in 1969 that provides a complete range of insurance services, primarily focused on guarantee and surety products for contractual and financial obligations. The firm operates as a publicly traded insurer on the Korea Exchange and serves clients across South Korea from its Seoul headquarters.

Product overview

Seoul Guarantee Insurance (SGI서울보증) is a South Korean guarantee and insurance company. Based on the available source data, no detailed product portfolio, modules, or service offerings were extractable from the provided content.

Differentiator

Problem solved

Functional benefit

Products and services

  • Comprehensive Insurance Services

Companies that use Seoul Guarantee Insurance

Customer profile

Ideal customer profiles1 record

Seoul Guarantee Insurance technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Seoul Guarantee Insurance partnerships and signals

Strategic signal

Recent moves3 records

Expansion highlights2 records

Seoul Guarantee Insurance competitors and assessment

Company assessment

Direct peers

  • The Hartford: The Hartford runs a large surety business alongside its commercial P&C franchise. Comparable to SGI as a focused surety underwriter serving small-to-mid-cap contractors and commercial contract parties with similar bond-issuance workflows.
  • Liberty Mutual Insurance: Liberty Mutual is among the largest global surety writers through its Global Surety unit. Comparable to SGI in product mix (contract, commercial, and fidelity surety), underwriting approach, and exposure to large infrastructure projects.
  • Meritz Fire & Marine Insurance: Meritz Fire & Marine is a growing Korean non-life insurer expanding in specialty commercial lines. Comparable to SGI in its focus on Korean commercial and specialty P&C customers, including guarantee-type coverage.
  • KB Insurance: KB Insurance is a leading Korean non-life insurer offering P&C and surety-adjacent guarantee products. Comparable to SGI in target market (Korean commercial customers), regulatory environment, and distribution model.
  • The Travelers Companies: Travelers is one of the largest U.S. surety bond underwriters globally. Directly comparable to SGI because both specialize in contract and commercial surety, share a regulated insurance-carrier business model, and serve construction and corporate contract-driven customers.
  • DB Insurance: DB Insurance is a major South Korean non-life (P&C) insurer listed on KRX. Comparable to SGI as a domestic competitor underwriting commercial and specialty P&C lines, including surety and guarantee products, for Korean corporate customers.

Broad incumbents

  • Chubb Limited: Chubb is a global P&C and specialty insurer with a substantial surety and guarantee line. Comparable to SGI as a broader incumbent offering surety within a wider commercial insurance portfolio, particularly for multinational contract risks.
  • Samsung Fire & Marine Insurance: Samsung Fire & Marine is a major Korean P&C insurer with commercial and specialty lines. Comparable to SGI as a large domestic competitor addressing Korean corporate risk with overlapping guarantee/surety-adjacent products.
  • Hyundai Marine & Fire Insurance: Hyundai Marine & Fire is one of the largest Korean P&C insurers. Comparable to SGI as a broad domestic incumbent offering commercial lines that include guarantee and surety products alongside general P&C, competing for the same corporate accounts.

Others

  • Korea Reinsurance Company: Korea Re is the domestic reinsurer supporting Korean insurers including surety writers. Comparable to SGI as a regulated Korean financial institution whose reinsurance capacity and pricing decisions directly affect SGI's underwriting economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Seoul Guarantee Insurance social profiles

Digital presence

Seoul Guarantee Insurance financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Seoul Guarantee Insurance leadership team

Management profile

Number of profiles

Seoul Guarantee Insurance funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Seoul Guarantee Insurance M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seoul Guarantee Insurance

What does Seoul Guarantee Insurance do?

Seoul Guarantee Insurance (SGI서울보증) is a South Korean guarantee and insurance company founded in 1969 that provides a complete range of insurance services, primarily focused on guarantee and surety products for contractual and financial obligations. The firm operates as a publicly traded insurer on the Korea Exchange and serves clients across South Korea from its Seoul headquarters.

Is Seoul Guarantee Insurance a public or private company?

Seoul Guarantee Insurance is a private company. It is classified as public and is currently operating.

When was Seoul Guarantee Insurance founded?

Seoul Guarantee Insurance was founded in 1969. It employs 1,001 to 5,000 people.

Where is Seoul Guarantee Insurance based?

Seoul Guarantee Insurance is headquartered in Seoul, South Korea, in the Asia region.

Who are Seoul Guarantee Insurance's main competitors?

Direct peers on record are The Hartford, Liberty Mutual Insurance, Meritz Fire & Marine Insurance, KB Insurance, The Travelers Companies and DB Insurance. Broad incumbents are Chubb Limited, Samsung Fire & Marine Insurance and Hyundai Marine & Fire Insurance. Korea Reinsurance Company is listed as an others.

Does Seoul Guarantee Insurance have an API?

No public API is recorded for Seoul Guarantee Insurance.

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Live signals
NateDelay in the sale of Seoul Guarantee shares... The Korea Deposit Insurance Corporation, public funds decrease by 1.6 trillion won: Nate NewsThe Korea Deposit Insurance Corporation (KDIC) is projected to transfer 1.6 trillion won less to the government this year due to delays in selling its stake in Seoul Guarantee Insurance (SGI). The delay stems from poor stock performance, with shares trading approximately 20% lower than the price achieved during a recent block deal. While KDIC and the Financial Services Commission believe remaining shares can be transferred in kind upon fund liquidation, actual cash recovery amounts remain subject to future market conditions.MkSeoul Guarantee Insurance revives Kospi listing bid with lower valuationSeoul Guarantee Insurance is resuming its IPO bid with a lower valuation, reducing its expected offering price range to 26,000-31,800 won per share, down from 39,500-51,800 won. CK Solution also resumes listing with a reduced price range, while DK Life Science and MotiveLink list on Kosdaq.PR NewswireSGIC (Seoul Guarantee Insurance Company), confirms industry's highest dividend payout ratio of 50.2%Seoul Guarantee Insurance Company (SGIC) approved a 50.2% dividend payout ratio at its board meeting on March 13, representing the highest payout level in the Korean insurance industry, with plans to distribute 282.6 billion won to shareholders. The company reported net profit of 564 billion won for 2022, marking a 20% increase from the prior year, alongside a ROA of 5.8% that significantly exceeds the domestic non-life insurance average of 1.1%. SGIC is proceeding with an IPO on the Korean stock market this year, launching international investor roadshows in Hong Kong and Singapore this week.