Suh Hoon-gyo (left), CEO of Daesang Wellife, and Choi Seung-young, CEO of Hanwha Life Financial Services, sign a memorandum of understanding for strategic cooperation on integrated life-care services at Daesang Wellife’s headquarters in Jongno-gu, Seoul, on Aug. 18. Photo courtesy of Daesang Wellife
Daesang Wellife has partnered with Hanwha Life Financial Service to develop an integrated life-care service that combines healthcare and insurance. The plan is to link health data with insurance coverage analysis to provide tailored health management and coverage services matched to each person’s life stage and health status.
Daesang Wellife said on the 19th that it signed a strategic cooperation memorandum of understanding with Hanwha Life Financial Service a day earlier at its headquarters in Jongno-gu, Seoul. The signing ceremony was attended by Seo Hoon-kyo, chief executive of Daesang Wellife, Choi Seung-young, chief executive of Hanwha Life Financial Service, and other officials from both companies.
The two companies will first pursue a service that links health status checks with tailored coverage guidance. They plan to expand the points of contact between life-stage health management and insurance consulting, and to upgrade an artificial intelligence (AI) recommendation model that draws on health data and coverage analysis.
Daesang Wellife will provide healthcare services and health-data capabilities, while Hanwha Life Financial Service will contribute coverage analysis and the professional advisory expertise of its financial planners (FPs). The aim is to help consumers review their health status alongside their current level of coverage, and to choose the management services and financial products they need.
The companies will also develop new life-care businesses that combine insurance and healthcare. They plan to flesh out tailored management and coverage services for consumers who need health management, taking into account their life stage and health characteristics.
An official at Daesang Wellife said the partnership had “laid the groundwork for consumers to review their health status and coverage situation together by combining the two companies’ expertise,” adding that the company would “continue to develop healthcare-linked services that take into account consumers’ life stages and health characteristics.”