Launched in 2019 as South Korea's first fully-digital non-life insurance company, Carrott General Insurance is a joint venture by major corporations including Hanwha, SK Telecom, and Hyundai Motor Group. The company's mission is to innovate the traditional insurance industry by leveraging modern technology such as the Internet of Things (IoT), big data, and artificial intelligence. Its flagship product is the "Carrott Per-Mile Auto Insurance," which calculates premiums based on the actual distance driven, a model designed to offer fairer and more rational pricing for customers.

Founded in

Australia