본문
Good morning! This is Joo-Hyun Kim, Chairman & CEO of the Financial News.
It gives me immense pleasure to express my sincere gratitude to all of the
distinguished guests to “The 11th Global Insurance Symposium” early in the
morning, despite the suddenly chilly weather.
Especially I would like to thank Yoon, Suk Heun, Governor of the Financial
Supervisory Service, Shin, Yong Kil, Chairman & CEO, Korea Life Insurance
Association, Kim, Yong Duk, Chairman & CEO, General Insurance Association
of Korea as well as Han, Ki Jeong President, Korea Insurance Research
Institute, who co-sponsored this symposium.
I am very confident that for the last ten years pending issues of the insurance
industry have been discussed and appropriate, timely alternatives have been
suggested at this symposium. “In the era of the 4th Industrial Revolution,
Changes in Distribution Channels and Insurance Industry” has been
chosen as the theme of this year’s symposium.
Coming a new era of the fourth industrial revolution, sudden changes in the
insurance industry are on its way. The time when insurance products are sold
through insurance planners mainly represented as ‘insurance saleswomen’ is
on decline. These days insurance products are sold across mobile and internet
shopping channels and home shopping channels.
Such changes in distribution channels allow consumers to increase accessibility
to the insurance product they want and contribute to an increase in the
conveniences of consumers. At the same time, however, as distribution channels
for insurance products are being diversified and competition between channels
gets intense, consumer complaints toward the insurance products due to the
incomplete sale and etc. are on the rise.
At today’s symposium, a variety of lectures and panel discussions are ready to
cover the content relevant to what the local insurance industry, on the threshold
of the fourth industrial revolution era, needs to prepare for diversification of
distribution channels and consumer protection. In particular, as many CEOs who
take the lead in the insurance industry offer lectures at this year’s symposium, it is
expected to have more practical discussions and alternatives.
Wishing all of you will be successful, I would like to draw my remarks to a close.
Thank you.
Kim, Joo Hyun
President,
The Financial News