Kyobo Life Insurance Supports Variable Life Insurance Customers' Fund Management with Robo-Advisor

Portfolios recommended based on investment profiles
Financial planners visit customers for reviews
Support combines in-person consultations with AI services

Kyobo Life Insurance provides daily financial market information to help variable life insurance customers manage their funds systematically.

Kyobo Life's robo-advisor "Morning Briefing" service screen. Kyobo Life

Kyobo Life Insurance said Friday that it had launched a "Morning Briefing" service within its robo-advisor to help customers continuously manage their variable life insurance funds, including switching funds in line with their investment profiles and market conditions.

Morning Briefing is a service built into Kyobo Life Insurance's variable life insurance robo-advisor. It delivers information every weekday at 9 a.m. analyzing global economic developments and issues relevant to managing variable life insurance funds.

Kyobo Life Insurance has offered robo-advisor services to variable life insurance and retirement pension subscribers since 2021. Using artificial intelligence (AI) algorithms, the service analyzes financial market and fund data to recommend asset allocation strategies and fund portfolios suited to customers' investment profiles and goals.

The financial market information provided by Kyobo Life Insurance's variable life insurance robo-advisor falls into three main categories.

"Monthly Outlook" forecasts investment prospects by asset class and highlights key indicators to consider when investing, including interest rates, employment rates and exchange rates.

"Issue Report" shows recommended allocations by asset class, including domestic markets, developed markets and emerging markets. It also quickly analyzes and explains how major issues affect investments as they arise.

The newly launched Morning Briefing summarizes not only the analysis in existing market reports but also the financial market's constantly changing trends each day.

Along with improving its services, Kyobo Life Insurance is also strengthening financial planners' (FPs') expertise in managing variable life insurance so they can provide professional advice tailored to customers.

The company provides educational videos on variable life insurance funds and how to use its robo-advisor, and conducts monthly on-site training for FP branches and support teams. FPs visit customers who hold variable life insurance once or twice a year to review how their funds are performing and help them manage their funds using the robo-advisor.

A Kyobo Life Insurance official said, "Variable life insurance needs to be managed consistently in response to market changes. If FPs are pacemakers on their customers' life journeys, the robo-advisor serves as a navigation system. We will continue to combine face-to-face consultations with FPs and AI-based wealth management services to help customers manage their variable life insurance funds over the long term."

This content was produced with the assistance of AI translation services.