Kyobo Life Insurance Ranks First in Retirement Pension Returns for Three Consecutive Quarters

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 28th that its defined contribution (DC) retirement pension performance-linked products have achieved the highest returns for three consecutive quarters.

Performance-linked products, unlike principal-guaranteed products, do not guarantee the principal and interest but allow investments in bonds, stocks, ETFs, TDFs, etc., enabling the expectation of higher returns.

Kyobo Life Insurance has solidified its position by achieving high returns amid fierce competition with banks, securities firms, and financial affiliates of large corporations. It is evaluated that providing customized asset management services based on differentiated retirement pension consulting capabilities was effective.

Additionally, it holds operational reporting meetings every quarter to report the status of retirement pension management to client company executives and employees, providing tailored solutions regarding investments, compliance, and key issues.

Even during the COVID-19 situation, it has continued operational reporting meetings through video conferences and actively supports asset allocation and product rebalancing suited to market conditions, such as proposing investment ratios for stocks and bonds, comparing products within the same asset class, and recommending excellent products.

Kyobo Life Insurance has rapidly integrated digital technology to advance retirement pension services, achieving both higher returns and improved customer convenience. A representative example is the introduction of an artificial intelligence (AI) asset management robo-advisor for retirement pensions, the first in the insurance industry earlier this year.

DC-type and IRP customers of Kyobo Life Insurance can receive customized investment information via Kakao AlimTalk and handle tasks such as checking retirement pension balances and returns, applying for additional payments, and cancellations anytime and anywhere through the Kakao chatbot.

A Kyobo Life Insurance official stated, "Despite an unfavorable competitive environment compared to financial affiliates of large corporations, major banks, and securities firms, we have secured the highest returns for performance-linked retirement pension products for three consecutive quarters. We will secure a solid competitive advantage in the retirement pension market through product and service competitiveness, asset management consulting capabilities, and customer-centric policy execution via advanced digital transformation."

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