[Asia Economy Reporter Oh Hyung-gil] Samsung Fire & Marine Insurance announced on the 7th that it has signed a strategic business partnership with Pureunbam, which operates the online personnel management application 'Albam,' to sell a simplified fire insurance product.
Business owners using the Albam service can now easily and quickly subscribe to Samsung Fire & Marine Insurance's simplified fire insurance product through the administrator app at an affordable premium without a separate screening process.
The simplified fire insurance is a one-year non-renewable general insurance product that fully compensates for actual damages within the insured amount limit set by the policyholder in case of fire. In addition to fire accidents, it also provides additional coverage for liability risks that may occur during business operations, such as wind and flood damage, earthquakes, actual fire (property) liability, facility ownership (management) liability, and food liability through special clauses.
Nam Jae-wook, head of Samsung Fire & Marine Insurance's Corporate Sales Division 3, said, "The simplified fire insurance covers most of the major risks that small business owners may be exposed to," adding, "We will continue to develop insurance products essential for individual business owners and take the lead in revitalizing the small-amount general insurance market."
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