Kyobo Life Launches AI Asset Management for Variable and Retirement Pension Assets

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 3rd that it will introduce artificial intelligence (AI) asset management to recommend optimized fund portfolios to customers.

Starting today, Kyobo Life Insurance will officially operate its asset management robo-advisor system, providing AI asset management services that manage portfolios based on big data analysis and advanced algorithms.

Kyobo Life Insurance prepared to build the asset management robo-advisor in August last year in collaboration with December & Company Asset Management and Korea Financial Engineering Consulting. The system was completed in February and its completeness was enhanced through a two-month stabilization process.

Kyobo Life Insurance customers can use the robo-advisor service for all variable insurance products, defined contribution (DC) type retirement pensions, and individual retirement pensions (IRP). They will also receive recommendations for asset allocation strategies that match their investment tendencies and objectives.

The robo-advisor monitors the financial markets daily and recommends portfolio rebalancing according to changes in market conditions, while also providing various information related to domestic and international financial markets.

A Kyobo Life Insurance official stated, "We will continuously provide variable insurance and retirement pension fund recommendation services tailored to customers' investment tendencies through the robo-advisor to enhance customer satisfaction," adding, "Providing AI-based customer consultation tools related to fund recommendations or changes will also support consultants' sales activities."

This content was produced with the assistance of AI translation services.