Samsung Life Insurance co., Ltd (032830) registered a patent for an insurance eligibility screening system, Dailian reported Tuesday. It is the company's 100th registered patent.
The system checks which policies a customer may qualify for before the full underwriting process. It can also present alternative products before detailed health-history entry and policy design are completed. The company calls it the Expected Acceptance Result Provision System.
Samsung Life said the old process disclosed eligibility only after full screening. Customers rejected at that stage could have to restart the design process. The company's market capitalisation was ₩61.6 trillion at Tuesday's close.
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| Symbol | Last Price |
|---|---|
| 032830Samsung Life Insurance co., Ltd | ₩308,000 -1.3% |