DB Insurance and Samsung Electronics Join Forces to Launch New AI-Driven Business Initiatives

DB Insurance announced on April 30 that it had signed a business agreement (MOU) with Samsung Electronics at the DB Financial Center in Daechi-dong, Gangnam-gu, Seoul.

The signing ceremony was attended by Park Jegwang, Head of Business Planning at DB Insurance (Vice President), Oh Chio, Head of Korea Business at Samsung Electronics (Vice President), and other officials from both companies. They agreed to pursue efficient business operations through a mutually organic cooperative system.

DB Insurance is taking a commemorative photo after signing a business agreement (MOU) with Samsung Electronics on the 29th at the DB Financial Center in Daechi-dong, Gangnam-gu, Seoul. From the left in the photo are An Boknam, Executive Director of DB Insurance; Park Jegwang, Vice President of DB Insurance; Oh Chio, Vice President of Samsung Electronics; and Lee Jiyeon, Executive Director of Samsung Electronics. DB Insurance
Photo by DB Insurance

Through this agreement, the two companies plan to jointly plan and implement a variety of collaborative programs, including: cooperation on the development of Samsung Health function integration for wearable products (such as rings and watches) to enhance competitiveness in long-term insurance; cooperation on the development of SmartTag Find function integration for smart tag products to strengthen competitiveness in pet insurance and care businesses and to explore new market opportunities; cooperation on the integration of AI portal functions for smartphones (such as Galaxy phones and tablets) equipped with on-device artificial intelligence (AI) features; and ongoing support and cooperation to ensure the stability of the financial IT operating environment and to reduce operating costs.

Park Jegwang, Vice President of DB Insurance, said, "Through this agreement, we hope that our efforts to develop and utilize the integration of products and solutions provided by Samsung Electronics will lead to tangible business results that benefit both companies. We will continue to collaborate to drive new changes, such as being the first in the financial sector to pursue integration with on-device AI features, which can help us overcome IT operational constraints such as ensuring precise quality and fast response speeds."