The Korea Life Insurance Association said on the 29th that it will carry out an organizational reshuffle to create a self-regulation department by reorganizing the sales order management team and the advertising review team, which perform self-regulatory functions to prevent misselling and strengthen prior review of insurance advertisements.

The Korea Life Insurance Association will establish a complaint service team to ensure that work such as handling insurance consumer complaints, life insurance consultations and guidance, and the insurance subscription inquiry system is run efficiently. In particular, to strengthen counseling functions for consumers in North Jeolla, a Jeonju branch will be set up under the Honam regional headquarters.

Organization chart following the organizational reshuffle at the life insurance association. /Courtesy of 생명보험협회

With this reshuffle, the Korea Life Insurance Association will change from the current "4 headquarters, 12 departments, 1 office, 21 teams, 4 regional headquarters, 2 branches" to "4 headquarters, 12 departments, 1 office, 21 teams, 4 regional headquarters, 3 branches."

The Korea Life Insurance Association also made personnel appointments following the reshuffle. The following are the personnel details.

◇ Department heads ▲ Head of self-regulation department Park Won-seok ▲ Head of audit office Ryu Jong-seok ▲ Regional head of Yeongnam headquarters Cho Jeong-myeong

◇ Heads of team ▲ Head of Team, finance and accounting team, planning and coordination department: Jeong Jong-chan ▲ Head of Team, qualification management team, channel support department: Oh Seung-min ▲ Head of Team, complaint service team, consumer protection department: Yun In-hyo ▲ Head of Team, Jeonju branch chief: Park Jeong-hun

◇ Department heads ▲ Regional head of capital area headquarters: Mo Jin-young

◇ Heads of team ▲ Head of Team, international affairs team, new growth support department: Lee Seong-chan ▲ Head of Team, legal team, legal support department: Kim Young-han ▲ Head of Team, sales order management team, self-regulation department: Ryu Kang-rae ▲ Head of Team, social contribution team, social contribution department: Kwon Hyuk-gyu ▲ Head of Team, HR team, general affairs department: Kim U-yeol ▲ Head of Team, insurance underwriting team, insurance contract management department: Lee Ho-hyeong

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