Cho Yong-il is the Vice Chairman and Co-CEO of Hyundai Marine & Fire Insurance.
He has been working to strengthen the corporate insurance agency channel to expand the sale of long-term insurance policies with high profitability.
He is leading efforts to integrate information technology (IT) into insurance operations to enhance customer convenience and improve operational efficiency.
Cho was born on August 18, 1958, in Daegu.
He graduated from Gyeongbuk High School in Daegu and obtained a degree in English Language and Literature from Seoul National University.
He began his career at Hyundai Engineering & Construction and later moved to Hyundai Marine & Fire Insurance, where he held various positions, including General Insurance Division and Corporate Insurance Division. He eventually served as the Chief Operating Officer (COO) and President of the company.
After serving as the Chief Executive President, he was appointed Co-CEO along with Lee Seong-jae, Vice President of Hyundai Marine & Fire Insurance, in March 2020, and later promoted to Vice Chairman.
Having served as a resident officer at the New York office and head of overseas operations, Cho has developed a deep understanding of international markets, including the U.S.
He is recognized as a sales expert with extensive field experience both domestically and internationally.