Dongyang Life Insurance Establishes Early Warning System for Signs of Alternative Investment Distress

[Asia Economy Reporter Oh Hyung-gil] Dongyang Life Insurance announced on the 18th that it has established and is operating a 'Loan Early Warning System' that can detect signs of loan deterioration in advance.

By combining financial, corporate, and industry-related data and analysis engines provided by DeepSearch, a financial data analysis specialist company, with Dongyang Life Insurance's alternative investment evaluation model and business know-how, the system provides early alerts on signs of deterioration in alternative investment assets based on pre-established criteria.

This is the result of a business agreement on the 'Establishment of AI and Financial Data-Based Alternative Investment Loan Early Warning System' promoted with DeepSearch in June last year.

Dongyang Life Insurance explained that it has been able to digitize vast amounts of unstructured data across various alternative investment areas using AI, enabling rapid and integrated management. Through this system after investment, it is expected to continuously monitor asset soundness, detect soundness issues early, and facilitate proactive risk control.

A Dongyang Life Insurance official said, "To maintain a high level of alternative investment soundness, we have continuously promoted the development of the loan early warning system and improvements in internal control and review processes," adding, "We will continue to make relentless efforts to protect customer assets."

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