Insurance Industry and Insurtech Report — 2026-05-29
Seoul AI Hub is partnering with Kyobo Life to expand AI open innovation in finance, while Tomato System reports a 23% jump in digital healthcare orders. Plus, Insurtech Insights USA 2026 is putting AI underwriting and claims modernization at the top of the agenda.
Insurance Industry and Insurtech Report — 2026-05-29
Domestic Insurance Industry Trends
Kyobo Life and Seoul AI Hub push "Reverse Pitching" open innovation
Seoul AI Hub is teaming up with Kyobo Life and the Air Force to expand AI open innovation programs across the finance and defense sectors. By using a "reverse pitching" model—where internal departments reveal specific AI challenges and then work with startups on proof-of-concept projects—they aim to speed up commercialization. This moves away from traditional top-down sourcing to focus on real-world needs.
Tomato System sees 23% growth in digital healthcare orders
Tomato System, an AI software and digital healthcare specialist, recorded an order backlog of 23.6 billion KRW in Q1 2026, a 22.9% increase year-over-year. Growth is being driven by its digital transformation solutions for healthcare, developed in collaboration with insurance companies.
Low follow-up care for fatty liver patients highlights insurance opportunities
Data shows that a significant number of fatty liver patients in Korea fail to receive follow-up treatment or detailed checkups after diagnosis. With more than 4 out of 10 patients skipping follow-up care, there is a clear need for insurers to step in with preventative healthcare and better patient tracking systems.
Global Insurtech and Healthcare Developments
Insurtech Insights USA 2026 focuses on AI solutions
The Insurtech Insights USA 2026 conference kicks off next week, featuring AI-centric sessions on AI-powered agent applications, underwriting transformation, claims modernization, human-AI collaboration, and enterprise AI strategy. Major AI players like OpenAI and Anthropic are expected to participate.
Roche launches certified algorithm panel for chronic liver disease
Roche has released a "Liver Disease Panel," a library of certified algorithms designed to support the management of chronic liver disease (CLD). This helps medical institutions and insurers diagnose and manage patients more accurately, ultimately improving the precision of medical claims and care management.
AI is shifting the developer role at insurance companies
At a 1,000-employee insurance firm, the role of developers is shifting from "implementer" to "orchestrator" due to AI adoption. Instead of focusing on coding itself, developers are concentrating on setting AI direction and strategy, signaling a fundamental cultural shift within the industry.
Market Insights and Analysis
The insurance industry is seeing an accelerated integration of AI and digital healthcare. In Korea, the success of Kyobo Life's reverse pitching and the rapid growth of Tomato System highlight this trend. Globally, the focus on AI underwriting and claims modernization at Insurtech Insights USA 2026 sets the tone for the industry's future.
The low follow-up care rate for fatty liver patients specifically emphasizes the need for proactive intervention by insurers. Much like Roche’s algorithm panel, designing insurance products and managing risk based on medical data is becoming the core of the insurance-healthcare nexus.
Furthermore, the changing role of developers within insurance firms points to a new paradigm for insurance tech innovation. By reallocating human capital from simple system building to creating AI-driven decision-making frameworks, the insurance industry is strengthening its lead in technological innovation.
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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