Polestar Insurance Company was established against a background of dynamic growth in national economy, with forward momentum gathered over recent years, followed by rise in the need of individuals and entities for secure and wider insurance coverage combined with heightened insurance awareness among the community.

Polestar's cover initially comprised fire, engineering and credit, but thus far has been extended to further interests like crop, fruit, aquaculture, etc. thereby ever broadening our overall customer base and market share.

With ethical standards such as honesty and equal opportunity flowing into its every business decision, Polestar has built its early reputation among the masses and has grown into a prominent player on its values of expertise, quality and sustainability under direct supervision of experienced and skilled team leading qualified underwriters with professional career.

Polestar is determined to live up to the expectations of people and entities, and repay them for every support they have lent to our development by delivering "Insurance for the Masses" in all days to come.

Country of registration	Democratic People's Republic of Korea
Date of foundation	22nd August 2016
Legal address	Kallimgil-Dong No.2, Mangyongdae District, Pyongyang
Staff	116
Date of business license	22nd August 2016
License number	ㅂㅎ 10508221
Type of business licensed	Insurance & Reinsurance
Class of business licensed	Fire, Engineering, Credit, Agriculture
Total assets	KPW 8,142,400,000 as of 31st December 2017
International Membership	Member of FAIR (Federation of Afro‐Asian Insurers & Reinsurers)

On behalf of the company, I would like to extend my hearty greetings to your respected selves visiting Polestar's website.

Polestar was launched as a specialized property insurance company against a background of dynamic growth in national economy with forward momentum gathered recently and subsequent increase in the need of the community for wider insurance coverage. Today our coverage includes fire, engineering, agriculture and credit.

Polestar is a start-up business short in history, yet we enjoy growing reputations for effective management by experienced and skilled team and for insurance services both kind and responsive.

It must be the widespread trust and support by the public and the Insureds, in particular, who have readily confided what they value to our newly-emerging capacity, that directly account for this early success of Polestar. The same is also attributable to all dedicated personnel of Polestar highly committed to day-to-day performance of the company. I acknowledge that our business results have been positive since establishment, thanks to their efficient marketing strategy and proficient underwriting based on accurate assessment of premium rates and deductibles. Efficiency is the essential characteristic of the skilled management who stand behind substantial progress of Polestar to date.

Insurance means the offer of security. We will make sure, in Polestar's case, this assurance extends to its every customer who profits from our reliability.

Our goal is to diversify into multifarious tailor-made insurance products and play a guiding role in the industry for bringing you protection you can trust and security you can rely on, thus building and improving business relations with the world's prestigious insurance and reinsurance companies within the near future under the banner of reciprocity and mutual benefit and on the principle of valuing credit.

With our market and customer-base greatly enlarged through a short period of time, we took out reinsurance from some of our portfolio in 2017 for effective financial management of the company. We arranged them into different accounts and shortly established business relations with various international brokers and reinsurers.

Keeping its primary focus on the local market, Polestar will distinguish itself on global platforms in the coming years.

Let me avail myself of this opportunity to express, in advance, my sincere gratitude for potential cooperation with your esteemed selves. I am convinced you could build and develop a healthy long-term business relationship with Polestar.

Kim Kyong Hun

President, Polestar Insurance Company

- Head office: Pyongyang

- Regional branches: 11(Pyongyang, Phyongsong, Sinuiju, Kanggye, Haeju, Sariwon, Wonsan, Hamhung, Chongjin, Hyesan, Nampho)

- Distribution channels: 70 local agencies active across DPRK

With its service network widened throughout the country, Polestar has made itself more proximate and accessible to applicants and consumers. It is tapping into this previously distant customer-base thus ever-broadening its experience at the same time.

Polestar demonstrates high levels of appreciation and trust towards its employees, who with their diverse qualifications and personalities ensure our business' success.

Utmost importance is given to our employees as they are the ones to undertake the biggest duty in carrying out the key policies of our new business. For this reason, the primary goal of our human resources policy and practice is to identify our company's needs for personnel in line with its objectives and strategies and assist the creation of human resources that are open to change and are focused on the nearest success by recruiting high-quality people, motivating them, evaluating their performance, and encouraging interaction, communication and competition among individuals and groups.

We are running a system in which our employees are evaluated every month in line with specific performance criteria. On the basis of the results of these performance evaluations, an employee's training needs are identified and a career plan is developed.

Training has special importance at Polestar owing to the fact that, in line with the diversification of portfolio and distribution channels, increase in employment is expected to continue at a steady pace and new managerial positions need to be filled from within. Therefore, orientation training and basic insurance training are provided to new-hires; the training programs needed at any stage of their careers are identified for all employees so as to develop and equip them with the competencies called for by their positions and growing them into prospective pillars of Polestar.

Apart from managerial careers, Polestar also offers its employees to establish themselves within the company as experts.

We actively encourage intellectual curiosity at Polestar. We are proud to have innovative staff who are always open to new ideas and challenges.

"When lost in the dark, you always need a GUIDING STAR!"

Choosing a name for itself "Polestar", the company has declared its business motto as above.

Our vision is to be the leading underwriter recognized for its professionalism, integrity and innovation, making the local market as its home ground with credible and quality service!

You can wait and witness Polestar playing a guiding role in the industry for bringing you protection you can trust and security you can rely on.

- Aspiration for greater successes
- Technological innovation
- Fresh idea & approach

Polestar is a member of the Federation of Afro-Asian Insurers & Reinsurers "FAIR".

FAIR is a professional organization that is aiming at promoting cooperation among insurance and reinsurance companies in Africa and Asia through the regular exchange of information, expertise and the development of reinsurance relations.

Accessing FAIR, whose members are now more than 250 companies from 51 Afro-Asian countries, means increased opportunities for Polestar to expand its global presence and interaction with prestigious insurance and reinsurance companies and brokers from international markets.

Keeping steadfast pace in this evolving market, we are ready to reach out to all those who demand co-development in the same industry and we will always exceed expectations of all our clients and partners.