Samsung Fire, Hyundai Marine & Fire Insurance, Meritz Fire, and DB Insurance had each previously introduced biometric electronic signature systems on a partial, rolling basis, according to The Herald Business. Samsung Life’s full, simultaneous KFTC-credentialed deployment sets a higher bar and raises the question that now sits at the centre of the broker due diligence conversation: does a carrier’s verification infrastructure meet the standard that, under the advancing no-fault liability framework and reversed burden of proof, would allow it to successfully defend against a compensation claim? “As public attention to personal data protection has grown, we were the first in the industry to adopt the KFTC’s highly secure and credible service. We will continue to expand a financial environment that is the safest and most convenient for our customers, connecting every moment of their lives with Samsung Life Insurance,” a Samsung Life Insurance official said, as reported by The Herald Business.
