Insurance Industry and Insurtech Report — 2026-10-06

Domestic Insurance Industry Trends

While direct new service announcements from the domestic insurance industry were limited over the past 24 hours, changes in the regulatory environment serving as essential infrastructure for healthcare-linked services were observed.

MFDS Establishes Digital Medical Device Software Approval Guidelines On September 30, 2026, the Ministry of Food and Drug Safety (MFDS) established a guidance document containing approval and review criteria for digital medical device software requiring diagnosis, direction, and supervision by medical professionals. This clarifies regulatory standards when digital healthcare services provided by insurers are classified as medical devices, establishing an institutional foundation for the stable introduction of future insurance-healthcare convergence services.

Global Insurtech and Healthcare Achievements

Recent overseas trends feature insurance process automation utilizing AI technology and large-scale investments in digital healthcare startups.

Health In Tech Launches AI-Powered 'HitRix' Platform AI insurtech platform company Health In Tech (Nasdaq: HIT) officially launched its AI-powered platform 'HitRix' to streamline large-scale group self-insured health insurance submissions. The platform aims to automate data processing and proposal comparisons, reducing administrative tasks for brokers and accelerating speed to market. Alongside the launch, the company updated its full-year 2026 revenue guidance.

Rightway Secures $155M to Expand Pharmacy Benefit Technology Healthcare startup Rightway secured $155M in funding to expand its pharmacy benefits-related technology. Additionally, Basalt Health raised $20M, demonstrating that venture capital investment in the digital healthcare sector remains active.

Global Health Insurance Market Size Outlook The global health insurance market is projected to grow from $3.27 trillion in 2026 to $4.82 trillion by 2033. This represents a compound annual growth rate (CAGR) of 5.7% from 2026 to 2033. UnitedHealth Group, Elevance Health, and CVS Health Corporation were highlighted as key market participants.

1 sources

prnewswire.com

prnewswire.com

Market Insights and Analysis

Based on the collected data, the convergence of insurance and healthcare is moving beyond simple service partnerships into phases of 'AI-driven process automation' and 'regulatory clarification.'

1. Reducing Administrative Costs Through AI: Health In Tech's launch of HitRix is interpreted as an attempt to increase efficiency for both brokers and insurers by having AI process the vast amounts of data involved in insurance enrollment and renewal processes. This suggests that 'technology' is becoming core to securing competitiveness in the $1 trillion US self-insured health insurance market.

2. Vibrant Investment Ecosystem: Rightway's massive funding indicates that specialized startups are growing rapidly in areas like pharmacy benefit management and patient engagement that insurers find difficult to provide directly. Insurers are likely to internalize healthcare services through M&As or partnerships with such startups.

3. Refinement of the Domestic Regulatory Environment: The MFDS's guideline establishment resolves legal uncertainties that domestic insurers might face when launching digital healthcare services. This can be read as a signal for domestic insurers to pursue digital transformation strategies more aggressively.