Insurance Industry & Insurtech Report — 2026-06-04
Korean insurers are building AI-powered next-gen systems while global insurtech investment surges. The industry is moving from simple compensation toward becoming partners in preventive health management.
Insurance Industry & Insurtech Report — 2026-06-04
Domestic Insurance Trends
Heungkuk Fire & Marine Insurance adopts AI-based test automation
Tomato System, a company specializing in AI software and digital healthcare, has supplied its AI-based test automation solution, 'AIQBot', for the 'Next Core' next-generation system project at Heungkuk Fire & Marine Insurance. This reflects the industry's push to secure system stability and operational efficiency during digital transformation.
Korea-Vietnam MedTech export consultation event held
The Korea Trade-Investment Promotion Agency (KOTRA) held a two-day 'Korea-Vietnam MedTech Export Consultation' in Ho Chi Minh City, Vietnam, starting on the 4th. Domestic medical device and digital healthcare companies are pursuing entry into the Vietnamese market, a move that aligns with the growing interest of insurance firms in expanding into overseas healthcare markets.
Global Insurtech and Healthcare Achievements
India emerges as the fastest-growing global insurance market
The Indian insurance market is projected to be the fastest-growing among major global markets over the next decade. Rising insurance demand, increasing medical costs, and regulatory reforms are key growth drivers, while low insurance penetration offers significant room for expansion.
Expansion of digital travel insurance technology
The travel industry has undergone rapid digital transformation over the past decade, with technologies like AI-based trip planning and contactless hotel check-ins affecting every stage of a traveler's journey. In line with this trend, insurance companies are increasingly adopting digital travel insurance solutions.
Surge in health management solution investments
In 2025, $5.6B was invested in Health Management Solutions, with 83% of that capital concentrated on AI ventures. This signals the insurance industry's heavy focus on AI-based preventive health management.
Market Insights and Analysis
The trend of merging the insurance industry with healthcare can be summarized as a shift toward prevention based on digital technology. In Korea, companies like Heungkuk Fire & Marine Insurance are strengthening the stability of their next-generation systems by adopting AI test automation solutions for their 'Next Core' projects.
The overseas market is even more aggressive. The rapid growth of the Indian insurance market, the spread of digital travel insurance, and the fact that 83% of investments in health management solutions are focused on AI ventures all show that insurers are expanding their roles from simple compensators to health management partners.
In particular, the concentration of the $5.6B health management investment into AI technology signifies that the industry is focusing its tech spending on personalized health prevention and early disease detection. This trend represents a strategic response by insurers to global challenges such as rising medical costs and aging populations.
Korean insurers are joining these global trends and seeking to expand both domestically and abroad through partnerships with digital healthcare firms.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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