Insurance Industry & Insurtech Report — 2026-09-21
Domestic insurance companies are rolling out products that cover everything from screening to rehabilitation, strengthening synergies with digital healthcare. Notably, Tomatosystem secured final business approval from a US insurer, speeding up its entry into the global insurtech market. Overseas, US insurers are preparing for the 2026 ISO GL changes amidst evolving regulations and tech trends.
Insurance Industry & Insurtech Report — 2026-09-21
Domestic Insurance Industry Trends
Major domestic insurance companies, including Samsung Life, are launching insurance products that widen coverage across the entire treatment process—from health management and examinations to treatment and rehabilitation. This move is seen as an effort to expand the role of insurance into an integrated healthcare service that encompasses prevention and recovery, going beyond simple post-treatment compensation.
Tomatosystem saw its stock hit the upper limit following news of final business approval for the US insurer "MedCare Partners Health Plan Texas (MCP Texas)." MCP Texas received approval for its 2026 insurance business from the US Centers for Medicare & Medicaid Services (CMS) and is gearing up to launch insurance services next January. Through this technical cooperation, Tomatosystem is expected to strengthen its footprint in the US insurtech and digital healthcare markets.
Kakao Healthcare stated that it is focusing on securing both speed and security in establishing hospital data systems. The AI-integrated electronic health record (EHR) market is projected to grow from $12.46 billion this year to $35.6 billion by 2030, marking rapid growth in data-driven healthcare and making related infrastructure technology a core competitive edge.
Global Insurtech and Healthcare Achievements
US property and casualty insurers are navigating a complex transition period with the introduction of the 2026 Insurance Services Office (ISO) General Liability (GL) revisions. According to Earnix's analysis, the revised plan introduces over 55 new changes across classification, pricing, and governance processes, impacting the industry at large.
Vietnam is pushing forward with the nationwide implementation of electronic medical records (EMR). As of September 19, 2026, data showed that 1,268 out of 1,650 public and private hospitals nationwide have participated in implementing EMR, with the Ministry of Health continuously driving the digitization of medical facilities to expand data sharing. This serves as an infrastructure-building case directly linked to automated insurance claims and healthcare cost efficiency.
The 31st East Asian Insurance Congress (EAIC) was held in Tokyo, Japan, exploring joint response measures for natural disasters, climate risks, AI, and aging populations. These global discussions provide context on how insurtech innovations such as climate risk modeling and AI-driven underwriting connect to the sustainability of the insurance industry.
Market Insights and Analysis
Synthesizing recent cases, the integration of insurance and healthcare is evolving beyond simple product sales into a "data-driven prevention and management platform." Domestic insurers expanding full-cycle treatment coverage is a strategy to increase customer touchpoints and accumulate data, while IT companies like Kakao Healthcare upgrading hospital data systems represent infrastructure competition supporting this trend.
In particular, Tomatosystem's success in entering the US market proves that South Korean insurtech technology can pass muster even under global regulatory environments (such as CMS approval). Furthermore, as medical data digitization accelerates in emerging markets—just like the spread of EMR in Vietnam—demand for cross-border healthcare services and claim automation solutions among global insurers is expected to grow.
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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