KB Insurance is collaborating with Pacific Law Firm and InsurTech company Small Ticket to establish a serious accident prevention model for the delivery and logistics industry.
On July 28, KB Insurance announced that it signed a memorandum of understanding for 'AI and Data-Based Industrial Safety and Serious Accident Prevention' at the Pacific Law Firm headquarters in Jongno, Seoul.
Under this agreement, the three companies plan to combine KB Insurance's insurance and financial services with risk management capabilities, Pacific's legal expertise in industrial safety and serious accident punishment laws, and Small Ticket's AI and data-driven safety management platform technology.
Key areas of collaboration include joint consulting and training seminars, development of legal content related to industrial safety and AI platform-linked services, and enhancement of insurance products using risk management data.
Notably, they aim to create a product structure that evaluates the safety management levels of businesses through data and offers tangible benefits, such as reduced premiums, to those with high management standards.
Park Sang-kyu, Executive Vice President of KB Insurance's General Insurance Division, stated, "We will create a virtuous cycle where data-driven risk management lowers loss ratios, and the benefits lead to enhanced safety on-site."
* This article has been translated by AI.
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