Daeryuk Ajou Law Firm has unveiled the Insurance Company Ranking Center, a platform that comprehensively ranks insurers based on litigation trends and operational data.
Tackling Escalating Insurance Fraud
Insurance fraud has intensified, becoming more organized and aggressive. The center analyzes claim dispute relationships, loss adjuster performance, historical and ongoing cases, personnel shifts, and other factors to highlight risks for policyholders and brokers.
Victims of fraudulent insurance claims faced direct losses of 1.157 trillion won last year, with investigations exceeding 10 million cases.
Comprehensive Analysis Platform
The center encompasses the full spectrum of insurance-related legal activities, providing balanced insights. Insurers’ special investigation units (SIUs) aggressively pursue claim-linked attorneys, yet personnel data reveals disparities. Lawyer counts have been documented, though structural and real-time factors suggest room for further refinement.
Experienced Leadership
Kim Dong-ju, deputy director covering 26 insurers, directs the center. Formerly a chief judge at Pohang District Court and public security chief at Seoul Central District Prosecutor’s Office, he oversees centralized probes and personnel evaluations.
Loss adjuster Kim Jin-geun emphasizes that official documents offer superior clarity and accuracy over surveys, aligning precisely with insurers’ sensitive operations and attorney strategies.
Bar exam top scorers like Kim conduct overseas insurance data reviews and global collaboration studies. Key deputies include Hong Ki-yeong (10 sessions), Jeon Da-som (8 sessions), and Seong Bo-jang (10 sessions), handling core audits, case histories, and law firm personnel dynamics.
Strategic Expansion Ahead
Kim Dong-ju stated, “Through partnerships, seminars, and workshops with insurers and loss adjusters, we aim to broaden business oversight and establish a crime and claims database.”
He added, “To bolster the national economy, we will advance professional insurer rankings and develop joint global insurance systems.”
