Chairman Kim Byoung Hwan of the Financial Services Commission held talks with heads of insurance companies and relevant insurance associations on August 28 and shared a variety of views on ways to restore public trust in the insurance industry and how the insurance sector can better serve the national economy. At the meeting, Chairman Kim said that the insurance sector played an important role as the source of long-term funds in supporting the real economy. To ensure sustainable growth, however, Chairman Kim called for more active role of the insurance industry as investors with long-term investment horizon, while stably managing their assets. To this end, Chairman Kim outlined four directions for the insurance industry going forward: (a) seeking ways to provide better and more convenient services for customers, (b) strengthening risk management over a long-term period, (c) innovating sales channels with the emergence of new contactless, digital technologies, and (d) providing total solutions in response to future challenges including demographic, technological, and climate changes.