Insurance Industry & Insurtech Report — 2026-06-25
Korean pharmaceutical companies are shifting from drug development to preventative healthcare, while Tomato System's U.S. branch has signed a platform deal with an insurer. Meanwhile, health-tech firms from the Philippines and Hong Kong are expanding globally, and U.S. insurance providers are ramping up efforts to improve digital customer experiences.
Insurance Industry & Insurtech Report — 2026-06-25
Domestic Insurance Industry Trends
Pharmaceutical Companies Expanding into Healthcare
Korean pharmaceutical companies are moving beyond traditional drug development to make digital healthcare their next major growth engine. Industry insiders highlight a shift as they evolve into "health management companies" that prioritize preventative care and patient management.
Tomato System Signs Platform Deal with U.S. Insurer
CyberMDCare (CMD), the U.S. subsidiary of Tomato System, has entered into an agreement to operate an insurance platform for the U.S. insurer Medcare Partners Health Plan of Texas.
Dong-A ST Strengthens Clinical Validation for Digital Healthcare
Dong-A ST is expanding its capabilities beyond synthetic drug development to focus on developing digital healthcare services and enhancing clinical validation processes.
Global Insurtech and Healthcare Achievements
Philippine Health-tech Firms Enter the Australian Market
Eight Philippine healthcare IT and AI companies participated in the Digital Health Festival 2026 held in Melbourne, Australia, to build global partnerships.
Hong Kong Biotech Delegation Joins BIO 2026 in the U.S.
A large delegation of 41 organizations led by the Hong Kong Science and Technology Parks Corporation (HKSTP)—including private firms, research institutes, and university spin-offs—attended BIO 2026 in San Diego, solidifying Hong Kong's status as an international healthcare innovation hub.
U.S. Insurers Improving Digital Experiences
At the AHIP 2026 conference, it was noted that U.S. insurance companies are placing a heavy emphasis on improving digital customer experiences. Analysts observed that "AHIP 2026 highlighted rising expectations for health plan digital experiences," with insurers actively working to upgrade services to meet benchmarks set by industries outside of insurance.
Market Insights and Analysis
The cases gathered show that the intersection of insurance and healthcare is moving beyond simple cost-cutting, evolving into the creation of entirely new business models.
The push by domestic pharma companies into digital healthcare and deals like the one between Tomato System and its U.S. client underscore the growing need to integrate medical data with insurance platforms. Internationally, Asian health-tech firms from the Philippines and Hong Kong are accelerating their global reach, intensifying competition. The priority placed on digital experience by U.S. insurers suggests that insurance platforms are transforming from mere claims-processing tools into ecosystems that integrate comprehensive health management and prevention.
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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