Samsung Fire & Marine Insurance Launches Platform-Exclusive Caregiver Liability Insurance

[Asia Economy Reporter Changhwan Lee] Samsung Fire & Marine Insurance announced on the 18th that it has launched a 'platform-exclusive caregiver liability insurance' through collaboration with CareNation, the largest caregiving service platform in Korea.

Caregiver liability insurance is a product that covers the liability that may arise for caregivers due to unforeseen accidents occurring during caregiving services, making it essential insurance not only for patients and guardians but also for caregivers.

Previously, there was no platform-exclusive insurance, so caregiving service providers had to create daily lists and notify the insurance company, which caused inefficiencies such as manual work by the providers.

In the case of Samsung Fire & Marine Insurance's platform-exclusive caregiver liability insurance, caregivers are required to subscribe to insurance for the dates they are matched for caregiving activities on the platform, eliminating insurance gaps and allowing subscription at more reasonable and affordable premiums compared to existing products.

In particular, the company emphasized that the platform-exclusive caregiver liability insurance is meaningful from the perspective of inclusive insurance, ensuring that no groups excluded from traditional insurance markets?such as seniors, people with disabilities, and those with pre-existing conditions?are left unprotected.

Meanwhile, Samsung Fire & Marine Insurance is discovering startups based on technological capabilities and pursuing strategic partnerships to revitalize the digital healthcare sector.

CareNation has also been promoting various collaborations since Samsung Fire & Marine Insurance made a strategic investment through its CVC fund in 2021, and following the development of this caregiver liability insurance, further collaborative projects are planned.

Various collaborations are expected in areas such as service development combining Samsung Fire & Marine Insurance’s insurance and CareNation’s caregiving service capabilities, as well as content development for healthcare advancement.

A Samsung Fire & Marine Insurance official said, “With the launch of the platform-exclusive caregiver liability insurance in collaboration with CareNation, caregivers can now subscribe to insurance at reasonable premiums,” adding, “We will continue to strive to ensure that no groups fall into insurance blind spots through diverse product development.”

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