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Insurance Companies Delay Payments to Families of Suicide Victims

Insurance Companies Delay Payments to Families of Suicide Victims

SEOUL, Aug. 23 (Korea Bizwire) – It has been almost three months since the Supreme Court of Korea ruled that insurance companies must pay the families of suicide victims, but a recent report from the Financial Supervisory Service (FSS), submitted to lawmaker Min Byung-doo (Minjoo Party of Korea), revealed that insurance companies have yet to [...]

Government Sets New Guidelines for Insurers to Protect Customers

Government Sets New Guidelines for Insurers to Protect Customers

SEOUL, Aug. 4 (Korea Bizwire) – Insurance companies have been caught recommending expensive health insurance plans intended for the elderly and people with chronic diseases to otherwise healthy customers.  These expensive insurance plans are referred to as Simple Evaluation Insurance (SEI), and were designed to meet demand from the rising number of elderly Koreans and [...]

Health Insurance to Cover Infertility Treatment and Medical Ultrasound for Liver

Health Insurance to Cover Infertility Treatment and Medical Ultrasound for Liver

SEOUL, June 29 (Korea Bizwire) – Starting in October, Korea’s national health insurance will include infertility treatment and liver ultrasonography, sparing patients from the burden of high medical expenses. Health insurance is also likely to expand to cover more treatment and therapy for mental illnesses.  The new policies were announced on Tuesday by the Health [...]

Symbility Achieves ISO 27001 Certification; Underscores Commitment to Securing Insurance Claims Data

Symbility Achieves ISO 27001 Certification; Underscores Commitment to Securing Insurance Claims Data

TORONTO, ON, Nov. 19 (Korea Bizwire) – Symbility Solutions Inc. (TSX VENTURE: SY), a global software company dedicated to developing applications for the insurance industry, announced that it has received third-party ISO/IEC 27001:2013 certification for its global operations and infrastructure — including the development, management, maintenance and delivery of Symbility’s products, services, applications and data. [...]

Investigation Reveals Health Insurance Payment Evasion by High Income Earners

Investigation Reveals Health Insurance Payment Evasion by High Income Earners

SEOUL, Sep 12 (Korea Bizwire) – A congressional investigation revealed that some of the high-income earners have evaded health care insurance payments by registering their young children as head of the business. According to Congressman Kim Jae-won (New Frontier Party), a member of the National Assembly’s Health & Welfare Committee, who reviewed data submitted by the [...]

U.S. Business Leaders Would Increase Wages at Condition of Lower Healthcare Costs

U.S. Business Leaders Would Increase Wages at Condition of Lower Healthcare Costs

SAN FRANCISCO, June 10, 2014 (Korea Bizwire) - A new poll of chief financial officers (CFOs) at large U.S. companies that currently provide health insurance to their employees finds that about 9 in 10 agree that if their company’s healthcare costs were lower, they could afford to pay higher wages and salaries to their employees (93%) [...]