DB Insurance Hawaii Overview and Industry Insights

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Insurance Broker Presenting an Offer to an Elderly Couple
Credit: pexels.com, Insurance Broker Presenting an Offer to an Elderly Couple

DB Insurance Hawaii is a well-established company with a rich history in the state. Founded in 1965, it has been providing insurance services to Hawaii residents and businesses for over 50 years.

DB Insurance Hawaii offers a wide range of insurance products, including auto, home, life, and health insurance. Their services are designed to meet the unique needs of Hawaii's diverse population.

The company has a strong presence in Hawaii, with multiple offices located throughout the state. This allows them to provide personalized service to their clients and respond quickly to their needs.

DB Insurance Hawaii is committed to giving back to the community, with a focus on supporting local charities and organizations.

Location and Coverage

DB Insurance has a significant presence in Hawaii, offering a wide range of insurance products. They operate in Hawaii, California, and New York, writing all lines of property and casualty insurance.

With a strong foothold in the US market, DB Insurance's US branches have total assets of $248M US Dollars and annual written premiums of $150M US Dollars.

Where is Located?

An Elderly Man Consulting an Insurance Agent
Credit: pexels.com, An Elderly Man Consulting an Insurance Agent

DB INSURANCE's headquarters are located at 1440 Kapiolani BLVD, Honolulu, Hawaii, 96814, United States.

DB INSURANCE has a physical presence in the United States, which is a good sign for those looking for local support.

Their headquarters address is a specific location that can be found on a map, making it easy to visit or send mail.

DB INSURANCE's location in Honolulu, Hawaii, suggests they may have a strong presence in the Pacific region.

What Does DB Insurance Do?

DB Insurance has a long history in Korea, dating back to its establishment in March 1962 as the first auto insurance company in the country.

With a total of 34 billion US dollars in assets, DB Insurance is a significant player in the non-life insurance market. Its direct annual written premiums are around 12 billion US dollars.

DB Insurance operates in multiple locations, including 4 Branches, 4 Representative Offices, and 2 Partnerships. The company has a strong presence in the US, with a total of $248M US Dollars in assets and annual written premiums of $150M US Dollars.

DB Insurance writes all lines of property and casualty insurance in Hawaii, California, and New York through its US branches.

Company Performance

Credit: youtube.com, An insurance company announces its plan to leave Hawaii's insurance market

DB Insurance's net profit decreased by 21.1% last year, reaching 1.5367 trillion won.

The company's operating profit also took a hit, decreasing by 21.8% to 2.0167 trillion won.

DB Insurance's insurance profits and losses amounted to KRW 1.55 trillion, a 22.7% decrease from the previous year.

Long-term insurance profits and losses decreased by 20.3% to KRW 1.351 trillion, with a loss ratio of 91.5%.

Automobile insurance profits and losses increased by 13.8% to 321.1 billion won.

The loss ratio for automobile insurance improved by 1.1 percentage points to 78.3%.

Japanese Insurance's insurance profit and loss recorded a deficit of 122 billion won, with a loss ratio of 85.6%.

DB Insurance suffered a loss of 70 billion won in the third quarter due to wildfires in Hawaii and a typhoon in Guam.

The company's investment profit decreased by 18.8% to 467 billion won, with an investment profit margin of 3.0%.

Tokio Marine, MS&AD Losses from Hawaii Wildfires

Tokio Marine, DB Insurance, and MS&AD Group are set to face losses from the devastating Hawaii wildfires.

Credit: youtube.com, Hawaii Insurance Division asks insurance companies for more coverage for Maui fire survivors

These Asian carriers have large exposures to the Hawaiian property and casualty market.

The wildfires are expected to have a significant impact on the companies' financials.

Tokio Marine, DB Insurance, and MS&AD Group are based in Japan, South Korea, and other parts of Asia.

The companies have significant operations in the United States, where the wildfires are taking place.

The losses from the wildfires will likely be felt globally, not just in Hawaii or the United States.

The impact of the wildfires will be a major concern for the companies and their investors.

Here are some of the key areas that will be affected:

  • Claims
  • Catastrophe
  • Climate
  • Wildfire

Tokio Marine, DB Insurance, and MS&AD Group are likely to face significant challenges in the coming months as they deal with the aftermath of the wildfires.

Allison Emmerich

Senior Writer

Allison Emmerich is a seasoned writer with a keen interest in technology and its impact on daily life. Her work often explores the latest trends in digital payments and financial services, with a particular focus on mobile payment ATMs. Based in a bustling urban center, Allison combines her technical knowledge with a knack for clear, engaging prose to bring complex topics to a broader audience.

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