"I hope that the forum would offer a good chance for its participants to share their rich knowledge and experience gained in healing the aftermath of global financial crisis and seeking solutions to the challenges of nature disasters and to tighten business relationship with each other," said So Tong Myong, chairman of the KNIC Executive Committee of Management, in an inaugural speech at the seminar.

Valuable papers on issues of international interest, like natural disaster insurance, were presented at the seminar, themed "Dynamics of Insurance Coverage Arrangement and Rate Application Responding to Recent Catastrophes and Disasters."

The KNIC has made much effort to strengthen friendly collaboration with international insurance organizations, including the Federation of Afro-Asian Insurers & Reinsurers. It sponsored seminar on "Aviation and Engineering Insurance" in 1985, 11th Conference of FAIR in 1989 and seminar on "Marine Insurance & Reinsurance: the Challenges of the Times" in 2010.

With many branches throughout the country, the KNIC has been working hard to contribute to national prosperity and the improvement of the people's livelihood.

It has sponsored various kinds of insurances in conformity with the local situation, helping industrial establishments and cooperatives improve production and management.

It has developed insurance on an expansion basis in a way to protect people's property, directing efforts to making the insurance system serve the people's interest.

Founded in 1947, the KNIC has striven to enhance the function and role of insurance in step with the world's tendency, turning to be an insurance agency dealing with property insurance, life insurance, reinsurance, IT and financial investment.