Financial authorities build’fire insurance subscription inquiry system’ in Fire Insurance Association
[아시아경제 이광호 기자]The financial authorities establish a fire insurance subscription inquiry system. This is to allow other insurance companies to promptly confirm the subscription application that a specific insurance company has refused to take over and proceed with the fire insurance subscription. In addition, a mutual agreement between insurance companies for joint acquisition of fire insurance is also signed.
The Financial Services Commission said on the 2nd, “We will improve the system so that buildings with high fire risk are not covered by fire insurance and can easily and conveniently subscribe to insurance.”
Currently, owners of special buildings such as self-employed persons and small and medium-sized enterprises are experiencing inconvenience, such as having to check whether they can subscribe to various insurance companies in order to subscribe to fire insurance. In addition, for some special buildings with high fire risk, it is difficult to purchase fire insurance due to the insurance company’s avoidance of contracts.
Accordingly, the financial authorities establish a fire insurance subscription inquiry system in the Fire Insurance Association in which other insurance companies can inquire the details of the application with the consent of consumers even if a person wishing to subscribe to fire insurance for a special building applies to one insurance company.
Even if the insurance company applying for subscription refuses the insurance contract, the insurance subscription process will be quick and convenient as other insurance companies can check the application information through the inquiry system and then proceed with the fire insurance subscription.
In the future, the fire insurance association will automatically proceed with the insurance subscription through joint acquisition when it is confirmed that the individual insurance company does not take over through the inquiry system. Mutual agreements are also signed between insurance companies for this purpose.
An official from the Financial Services Commission said, “In the event of a fire in a special building, rapid disaster recovery and compensation can be achieved, thus protecting the people from fire damage more thickly.”
He added, “We plan to continue promoting together with the Fire Insurance Association so that self-employed persons, small and medium-sized enterprises who wish to subscribe to fire insurance can know and use the improved fire insurance subscription system.”
Reporter Lee Kwang-ho [email protected]