Hyundai Marine & Fire Insurance and Jaseng Korean Medicine Hospital Agree to Jointly Combat Insurance Fraud

Lee Seok-hyun, Head of the Automobile Insurance Division at Hyundai Marine & Fire Insurance (right), signed a business agreement with Lee Jin-ho, Director of Jaseng Hospital of Korean Medicine, at the agreement ceremony held on the 10th at the main branch of Jaseng Hospital of Korean Medicine in Gangnam-gu, Seoul, to promote a healthy insurance culture.

[Asia Economy Reporter Oh Hyung-gil] Hyundai Marine & Fire Insurance announced on the 11th that it has signed a Memorandum of Understanding (MOU) with Jaseng Korean Medicine Hospital to promote a sound insurance culture.

The two organizations agreed to jointly respond to insurance crimes, which have recently become a social issue, and to cooperate with each other to create a healthy insurance environment.

In addition, they plan to operate a regular consultative body to strengthen information exchange and mutual cooperation systems for the prevention of insurance crimes. Recently, cases such as intentional collision accidents aimed at settlement money, recruiting passengers to participate in insurance fraud, and patient referrals through brokers have been rapidly increasing.

Lee Seok-hyun, Head of Hyundai Marine & Fire Insurance's Auto Insurance Division, said, "We will share awareness of the problem of insurance crimes and reduce unnecessary social costs through joint responses to prevent insurance crimes."

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