Launched in 2019 as a joint venture by major corporations including Hanwha, SK Telecom, and Hyundai Motor Group, Carrot General Insurance is a pioneer in the Korean Insurtech market. The company leverages technology, big data, and AI to offer innovative and personalized insurance products. Its flagship service is the "Permile Auto Insurance," a usage-based insurance (UBI) where premiums are calculated based on the actual distance driven, tracked via a proprietary IoT device. Carrot's mission is to make insurance simpler, more accessible, and fairer for customers through digital innovation.

Founded in

South Korea