Fount Provides 'AI Variable Insurance Fund Management Service' to Hanwha Life

[Asia Economy Reporter Minji Lee] AI investment specialist Fount announced on the 7th that it has started providing its ‘AI Variable Insurance Fund Management Service’ to Hanwha Life, one of the top three life insurance companies in Korea.

With this, Fount continues its dominant market share by offering the ‘AI Variable Insurance Fund Management Service’ to Hanwha Life, following MetLife, Samsung Life, and Heungkuk Life.

The ‘AI Variable Insurance Fund Management Service’ provided by Fount to Hanwha Life allows customers to directly execute everything from basic fund status inquiries to personalized fund portfolio recommendations based on individual investment preferences, and rebalancing (automatic adjustment of optimal portfolio weights) through their smartphone KakaoTalk, significantly enhancing accessibility and convenience for variable insurance subscribers.

In particular, when the pension receipt period approaches, the service gradually increases the proportion of safe assets to provide risk management that can defend against market crashes at the time of pension receipt.

For products applying Fount’s ‘AI Variable Insurance Fund Management Service,’ customers can easily subscribe via KakaoTalk, at which point the AI-based fund management service is automatically proposed. By providing domestic and international issue analysis reports and reasons for fund recommendations based on these, it helps subscribers manage their variable insurance independently. This has received great acclaim not only from subscribers who need to invest their retirement assets long-term amid rapidly changing internal and external variables but also from insurance companies operating with this solution.

Variable insurance is a performance dividend-type insurance product that invests a portion of the paid premiums in stocks, bonds, etc., and shares investment results with subscribers based on operating performance. Since the insurance payout varies according to the performance of the invested funds, it is one of the products that require continuous yield management, such as actively changing the portfolio according to market conditions.

Fount recommends customized global asset allocation portfolios based on the ‘Fount Market Score,’ which is calculated from over 52,000 scenario results combining economic and market indicators worldwide using its proprietary AI algorithm. Through specialized services such as regular and ad-hoc rebalancing, optimal yield management is possible.

Fount CEO Youngbin Kim said, “Variable insurance is an investment product where continuous management is most important, but it has been an area lacking management due to subscribers’ indifference and insufficient guidance from sellers.” He added, “We have pioneered the variable insurance fund management service market so that subscribers can be more proactive and actively involved in their retirement planning and asset management.”

He continued, “Based on the AI fund management know-how accumulated through collaboration with financial companies, we plan to gradually expand the customer asset management area from personal pensions and retirement pensions to the entire process from the start to aftercare of simple digital insurance.”