Samsung Fire & Marine Insurance Signs MOU for 'Autonomous Driving Demonstration City Collaboration Model'

Samsung Fire & Marine Insurance announced on May 13 that it attended the "Korea Autonomous Driving National Team Launch Ceremony," organized by the Ministry of Land, Infrastructure and Transport, and signed a multilateral memorandum of understanding to establish an autonomous driving demonstration city.

From the left, Minwoo Park, President of Hyundai Motor Company; Yongsik Jung, Chairman of the Korea Transportation Safety Authority; Yunduk Kim, Minister of Land, Infrastructure, and Transport; Kijeong Kang, Mayor of Gwangju Metropolitan City; and Munhwa Lee, President of Samsung Fire & Marine Insurance, are signing a multilateral business agreement to establish an autonomous driving demonstration city at the Kim Daejung Convention Center in Gwangju Metropolitan City. Samsung Fire & Marine Insurance

The signing ceremony, held at the Kim Dae-jung Convention Center in Gwangju Metropolitan City, was attended by Munhwa Lee, President of Samsung Fire & Marine Insurance; Yunduk Kim, Minister of Land, Infrastructure and Transport; Kijung Kang, Mayor of Gwangju Metropolitan City; and Yongsik Jung, Chairman of the Korea Transportation Safety Authority.

Through this agreement, Samsung Fire & Marine Insurance will launch the industry's only "dedicated autonomous driving insurance," which provides up to 10 billion won per accident and a total of 30 billion won annually in coverage. Based on a "one-stop service" that covers everything from policy subscription to claims processing, the company also plans to offer tailored corporate services, such as accident analysis and IT security consulting.

To ensure the stable operation of the demonstration project, Samsung Fire & Marine Insurance will establish a dedicated call center and on-site dispatch system that operates 24 hours a day, 365 days a year. In addition, the company will actively utilize its specialized organizations, including a dedicated integrated claims team, an autonomous vehicle accident analysis center, a traffic safety culture research institute, and a maintenance technology support center, to build a real-time response and data-driven proactive risk management system.

A representative from Samsung Fire & Marine Insurance stated, "We will use actual driving data to design insurance rates and innovative products optimized for the era of autonomous driving," adding, "Moving forward, we will continue to serve as a reliable partner in the evolving mobility industry, fulfilling not only the fundamental role of insurance in protecting customers' daily lives but also contributing to the establishment of a social safety net."

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