KDB Life reorganises third insurance portfolio to drive profitability growth

The initiative includes tighter profitability checks and a pre-alert system.

KDB Life Insurance has reorganised its “third insurance” portfolio to strengthen profitability and position the segment as a key growth driver, as reported by Maeil Business Newspaper.

The company cited increasing demand from an ageing population, healthcare needs, and advances in medical technology as growth factors. 

Sales of third insurance have posted double-digit annual growth over the past three years, with first-half 2025 results surpassing last year’s levels.

Since the second quarter, KDB Life has set up a dedicated unit to review products, sales, marketing, underwriting, and systems. 

The initiative, led by Senior Vice President Kim Byung-chul since March, includes tighter profitability checks and a pre-alert system for early risk response.

The insurer plans to focus on core sales channels and customer-driven strategies to secure stable volumes and reinforce profitability, making third insurance its main product line.