Foreign Life Insurence Firms Recruiting More Planners
Foreign life insurance companies are hiring more life planners while local firms are not.
According to statistics by the Korea Life Insurance Association, the number of life planners has drastically decreased by about 100,000 over the past four years.
Due to the aggressive marketing of specialty insurance plans, foreign insurers, however, are recruiting male life planners with college educations.
Prudential Life Insurance Co. last year hired 195 salespersons, including seven women.
ING Life and American International Group last year recruited 500 and more than 100 respectively.
Meanwhile, most domestic insurance companies are working to cope with changing sales skills and sweeping restructuring plans by reducing their number of staff.
The number of planners at Samsung Life Insurance, the biggest in terms of total assets, last year increased by 3,429 or up 5.9 percent from last year's 57,975.
Kyobo Life Insurance, the second largest, also hired 5,953 new sales department staff, up 11.2 percent from last year's 59,004. …