"Activation of Medical Liability Insurance"... DB Insurance Partners with Korea M Bio

DB Insurance will collaborate with Korea M Bio to develop a product aimed at revitalizing medical liability insurance.

On the 19th, DB Insurance announced that it signed a memorandum of understanding (MOU) with Korea M Bio on the 10th to launch the 'Uisnara Medical Liability Insurance.'

Uisnara is the largest medical (including medical devices) consumables shopping mall in Korea, operated by Korea M Bio. It has over 35,000 members nationwide, including hospitals and clinics.

The medical liability insurance they plan to develop together is a product that covers medical accidents arising from medical acts performed by healthcare workers such as doctors and nurses, in cases where negligence causes injury or death to others, leading to lawsuits or obligations for compensation.

Going forward, the two companies will collaborate on developing coverage details, coordinating specifics, contract management, and claims processing to complete the product development. Through this MOU, they expect to provide protection against medical malpractice risks for doctors and medical professionals.

A DB Insurance official stated, "We will take the lead in actively compensating patients who suffer accidents due to medical malpractice and support settlements, allowing medical staff to focus fully on patient care."

On the 10th, at the headquarters of Korea M Bio in Gangnam-gu, Seoul, Kim Byung-eun, Executive Director of DB Insurance (left), and Koo Bon-hoon, CEO of Korea M Bio, signed a business agreement and took a commemorative photo. (Photo by DB Insurance)

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