Dongyang Life Insurance Establishes AI-Based Early Warning System for Alternative Investment Credit Risk

[Asia Economy Reporter Oh Hyung-gil] Dongyang Life Insurance announced on the 3rd that it has signed a business agreement with DeepSearch, a financial data analysis specialist company, to establish an 'Artificial Intelligence (AI) and Financial Data-Based Alternative Investment Credit Early Warning System.'

Through this agreement, Dongyang Life Insurance will advance the investment screening and analysis processes related to alternative investments, which involve a large amount of unstructured data, based on big data and AI technology.

The two companies plan to combine DeepSearch's vast data and analysis engines related to finance, companies, and industries with Dongyang Life Insurance's proprietary alternative investment evaluation models and business know-how to build a financial big data and AI-based alternative investment credit early warning system.

Accordingly, it is expected that fluctuations in investment risks will be managed and visualized in a time series manner to detect soundness issues early and efficiently manage various risks.

A Dongyang Life Insurance official stated, "As internal and external economic uncertainties increase, stable asset management is more important than ever," adding, "We will proactively manage risk factors to enhance asset soundness and strive to protect customer assets more stably."