Somyoung is one of the most experienced law firms in the insurance area and we  provide legal consultation and representation on matters related to car insurance and personal injury insurance based on our professional data and experiences mounted since working with Korea Car Insurance, a former government-operated insurer which is among the earliest car insurer in South Korea. Somyoung has also been actively engaged in conferences on compensation medicine and insurance law and has been playing a leading role in representing the insurance industry.

Somyoung has been involved in the most extensive number of litigations and provided legal advice on major issues in the fire insurance area such as intentional arson exclusion and forfeiture of right to claim insurance benefits and successfully won an impressive number of significant rulings. Excellency of Somyoung’s legal advice and representation on issues of filing a claim of recovery to the lessee is among the top-rank in South Korea.

Somyoung boasts acclaimed experiences in settling disputes emerging from a fast expanding areas of insurance such as casualty insurance, commercial general liability insurance (CGL), and product liability insurance (PL). We furthermore are building up a diverse portfolio in interpreting English provisions of package insurance, comprehensive insurance for financial institutions, and reinsurance.

Somyoung proudly presents renowned experiences and know-how on financial supervision and insurance business law acquired from working with South Korea’s major insurance companies.

Somyoung has established partnerships with leading law firms in the U.S., the U.K., China, and Japan, and successfully handled a number of recovery claim filings in China.

We process more than 1,500 instances of service annually in drafting legal opinions for insurance companies and loss adjuster companies. We carry out more than hundreds of insurance litigations annually.