Yoon Jong-kyu, Chairman of KB Financial Group, Discusses Insurance and Digital Collaboration with Japan's Sompo Holdings

Yoon Jong-kyu, Chairman of KB Financial Group (right), and Sakurada Kengo, Chairman of Sompo Holdings (left), are posing for a commemorative photo.

Yoon Jong-kyu, Chairman of KB Financial Group, met with Sakurada Kengo, Chairman of Japan's Sompo Holdings, to discuss ways to expand cooperation in digital, overseas business, and asset management sectors.

According to KB Financial on the 21st, the two companies agreed on providing financial products and services to address social issues recently raised, such as the increasing poverty rate among the elderly population and the rise in solitary deaths, in the insurance sector. They also exchanged opinions on innovating the automobile insurance process using mobility technology and statistical analysis information to make insurance services more accessible to customers, as well as differentiating insurance sales and distribution channels through non-face-to-face methods.

Additionally, they discussed ways to offer various financial and non-financial services by utilizing KB Financial's representative platform, KB Star Banking, and the health management platform, KB Ocare. They agreed to cooperate in digital, overseas business, and asset management sectors, including sharing localization cases in overseas markets and jointly developing models for insurance asset management.

Furthermore, they exchanged views on jointly providing customized nursing services to customers by collecting data based on the Internet of Things (IoT). A KB Financial official stated, "We will continue to strengthen cooperation with Sompo Holdings to make customers' lives happier."

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