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Lee Sung-jae is the President and CEO of Hyundai Marine & Fire Insurance.

He operates within a co-CEO system alongside Vice Chairman Cho Yong-il, overseeing areas such as corporate insurance and digital strategy.

Amid changes in the insurance industry, such as the adoption of new accounting standards, Lee is focused on strengthening long-term insurance sales and improving profitability through better automobile insurance performance.

Born on February 28, 1960, he graduated from Seoul High School and earned a degree in economics from Sogang University.

Lee began his career at Hyundai Marine & Fire Insurance, serving in various roles, including Corporate Sales Director, Head of the Strategic Planning Division, and Head of the Overseas Business Division.

After a stint as the CEO of Hyundai C&R, a building management subsidiary of Hyundai Marine & Fire Insurance, he returned to lead the Corporate Insurance Division and later became Executive Vice President.

In 2020, he was appointed as co-CEO alongside Vice Chairman Cho Yong-il.

With more than 38 years at Hyundai Marine & Fire Insurance, Lee is regarded as a seasoned expert in the insurance industry. He is noted for his ability to identify new business opportunities, particularly in digital innovation.

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