KT Collaborates with KB Sonhae Insurance on Safety Facility DX to Prevent Safety Accidents

Song Jae-ho, Head of KT AI/DX Convergence Business Division (right), and Kang Seong-hoon, Head of Corporate Sales Division at KB Insurance, posing for a commemorative photo at the business agreement ceremony. Photo by KT

[Asia Economy Reporter Oh Su-yeon] KT announced on the 7th that it will join forces with KB Insurance to achieve digital transformation (DX) for social safety and accident prevention.

KT and KB Insurance signed a business agreement at the KB Insurance headquarters building located in Yeoksam-dong, Gangnam-gu, Seoul, to strengthen social safety and prevent safety accidents through the digital transformation of safety facilities. Attendees included Song Jae-ho, Head of KT AI/DX Convergence Business Division (Vice President), and Kang Seong-hoon, Head of KB Insurance Corporate Sales Division (Vice President), among others.

At the event, KT agreed to provide digital transformation-related information and services to KB Insurance customers, promote insurance products to customers undergoing digital transformation, and encourage government support policies. Meanwhile, KB Insurance will develop customer products related to the digital transformation of safety facilities, support insurance subscriptions, and promote and support KT digital transformation to KB Insurance customers.

Additionally, KT and KB Insurance will offer various benefits and incentives to encourage their customers to actively participate in the "digital transformation," focusing on fire safety facilities. To commemorate this cooperation, the two companies will collaborate to provide special-priced insurance products and support insurance subscriptions for facilities previously excluded from existing insurance, ensuring customers adopting safety DX solutions receive various benefits.

Furthermore, KT plans to continuously advance various safety DX solutions to prevent safety accidents and disasters such as fires. KT operates KT Safe Mate, an early fire detection service that has prevented over 50 large fires in fire-vulnerable areas such as traditional markets, and Giga Eyes, which uses vision AI technology to prevent various thefts and accidents.

In addition, KT offers the Fire Protection System 24hour (FPS24) service, which provides real-time 24-hour information on the status of firefighting equipment and fire detection to building fire managers by linking with fire alarm systems, as well as AI Virtual Fence solutions to prevent industrial accidents. These DX solutions are steadily being launched to prevent social human and property damage.

Meanwhile, KT and KB Insurance plan to cooperate in various ways to ensure safety across Korean society as well as to promote digital transformation in the insurance industry using platforms, starting with this collaboration.

Kang Seong-hoon, Head of KB Insurance Corporate Sales Division, said, “The recent increase in fire accidents and the growing scale of damage require the establishment of proactive and aggressive risk management strategies to strengthen the social role of insurance companies. Through this cooperation with KT, we expect active development of various products that were previously blind spots in insurance, as well as prevention of large-scale fire accidents through AI/DX technology.”

Song Jae-ho, Head of KT AI/DX Convergence Business Division, stated, “It is very meaningful that KT’s digital platform-based safety DX solutions and KB Insurance’s insurance products for the safety of the public are collaborating. Going forward, KT will continue to lead digital transformation in various social sectors and strive to become a representative ESG business operator that creates a safe Korea.”

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