[Korea gimmingyeong financial newspaper reporters] to get the look and feel of one year of unpaid jungjinggye suicide Samsung Life Insurance Financial Supervisory eventually surrendered.
According to Samsung Life Insurance Industry on the 28th to open soon, the Council reportedly to discuss ways to pay additional insurance suicide.
Samsung Life has been open for the last 23 days, including jungjinggye FSS CEO warning censure and 3 months suspended some operations in the sanctions Committee. Accordingly, also re-elected president it was ahead of next month's Kim, Chang - Su Samsung Life became opaque. CEO received a warning censure because they can not be re-elected.
Kyobo Life Insurance, will pay the entire unpaid claims suicide cases' ceremony to sanction spirited opened just a few days ago and it changed its position. Sinchangjae President unpaid three companies (Samsung, Hanwha, Kyobo), if possible reappointment of the CEO as the sole owner haeseoda be concerned about how serious blow to the stable management.
As a result sinchangjae Kyobo Life President it was able to keep the chairwoman receive a warning rather than a liberal censure warning from the Financial Supervisory Service.
Samsung Life Insurance is also one suddenly turning this position seems not unrelated. In the insurance industry, even if the latest Lee Jae Yong Kim, Chang - Soo leave the place behind Samsung Electronics vice president came on the prospect of redemption could fall into serious reigns spaces.
Yippun as Samsung Life receives some sales suspension will not be able to three years new businesses that require the approval of the financial authorities. In this situation already receiving financial charges, including Lee Jae-yong favors the holding companies established in the process of preparing a vice around the holding company of Samsung Life course transition is expected to be happen to see a lot of notice of the financial authorities. The departure of the actuary (FC) can not sell life insurance products such as life insurance companies are also expected to focus on possible situations.
Samsung Life Insurance has announced that it will pay in January September 2014 the Financial Supervisory Service, based on the recommendations made payment for accrued unpaid claims suicides from 2012 until 2014, suicide claims to customers. Also it starring agreed to fund the Foundation for Suicide Prevention outstanding cases from January 24, 2011 made possible sanctions such as fines for the violation of the Terms of Insurance Business until September 05, 2012.
For the previous claims cases January 24, 2011 held to the position that you can not pay the insurance money. The Financial Supervisory Service (FSS) 'basic documents (agreement) compliance violation' Regulations enacted in the wake of this Act violations in a timely manner, because there is no basis for making an FSS sanctioned in previous claims cases.
If Kyobo 's insurance payments before suicide' Samsung Life also along the strands of life catch is expected to be more lenient than the level which was originally sanctions resolution.
Kyobo Life also soon to change the attitude that life Hanwha Samsung Life maintained a 'part payment' position as the industry predicts surrender.
Hanwha Life official said, "there is a possibility that the reaction in the inside out according to the movement of Samsung Life side.
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