Kasure SureTech Secures Pre-A Investment from Daily Partners

## Suretech Announces Innovation in Car Accident Compensation Market with AI Insurtech 'Carsure', Secures Pre-A Investment Suretech, leading the digital transformation of the car accident compensation process through its artificial intelligence (AI)-based insurtech platform 'Carsure', has secured Pre-A investment from Daily Partners, drawing significant market attention. While the investment amount remains undisclosed, Suretech plans to use these funds to strengthen Carsure's market position and advance its linkage system with insurance companies, aiming for continued overwhelming growth. 'Carsure' is an innovative platform that automates the entire complex insurance compensation process, from car accident registration to matching with optimal repair shops (DRP), precise damage estimation, swift settlement, and integration with related organizations, all based on AI. It has been successfully introduced to three insurance companies and mutual aid associations, demonstrating its practical value by generating clear results such as reduced average compensation costs and increased utilization rates of excellent partner repair shops. Building on this success, Suretech plans to accelerate its market share expansion by pursuing additional contracts with seven insurance companies (including mutual aid associations) by the end of this year. Suretech's core competitiveness lies in its team. It was founded by veteran members who previously successfully commercialized 'RENKA', an automated platform for insurance substitute vehicle compensation. Based on their valuable experience from 'RENKA', they harbor ambitious aspirations to lead the comprehensive digital transformation of the vast car compensation market. Seong Yong-hoon, Executive Director at Daily Partners, highly praised Suretech's team capabilities and explained the investment background. Executive Director Seong stated, "Suretech is a company that has already proven market needs and team execution capabilities through the successful experience of 'RENKA'," emphasizing, "It is a highly promising company that will bring structural innovation to the car repair compensation process based on its rich industry experience and unique technological prowess." In particular, he expressed his expectation that Suretech possesses growth potential comparable to CCC Intelligence Services, a leading compensation automation platform in the U.S. auto insurance market, indicating confidence in Suretech's future value. Kwak Kwon-il, CEO of Suretech, announced his aspiration to "build a robust compensation infrastructure where both insurance companies and repair shops can experience tangible benefits" taking this investment as an opportunity. He further articulated Suretech's vision, adding, "Through data-driven decision-making and AI automation, we aim to establish a new standard in the domestic insurtech market and further leap into the global market." Building on the Pre-A investment, Suretech is expected to inject AI innovation into the domestic car accident compensation market, ushering in a new paradigm.