Hanwha Life introduces AI-driven cancer insurance for personalized treatment support

Hanwha Life Introduces AI-Enhanced Cancer Insurance in Partnership with Global Health Firm

Hanwha Life has launched a new cancer insurance product powered by artificial intelligence (AI), developed in collaboration with the global healthcare startup Need. This offering provides personalized coverage options through a package of riders specifically tailored for cancer treatment, alongside comprehensive support throughout the treatment process.

About Need and Its AI Cancer Protection System

Need, founded in 2019 by Harvard Medical School graduates Will Polkinghorn and Petros Giannikopoulos, specializes in AI healthcare solutions. Their cancer protection system uses AI to analyze patients’ health data, offering insights on prevention, treatment, and recovery. The platform also supports physicians in treatment planning, backed by validation from a global network of cancer experts.

Key Features of the New Insurance Product

• Simplified enrollment with minimal restrictions: applicants are only excluded if they meet any of three specific health conditions related to hospitalizations, surgeries, or cancer diagnoses in the recent past.
• The minimum premium is 50,000 won (approximately $36), covering both the base plan and all riders.
• Coverage is organized into 11 bundled rider packages that support the entire cancer treatment cycle—from screening and diagnosis to surgery, chemotherapy, and inpatient/outpatient care.

This structure enables policyholders to receive comprehensive financial protection that adapts to their treatment needs over time.

Implications for Insurance Professionals

For insurance professionals, this product represents a shift toward more personalized, data-driven coverage options. Leveraging AI insights can improve risk assessment and customer engagement by providing ongoing support aligned with the policyholder’s treatment journey.

A Hanwha Life representative emphasized that the product extends beyond basic diagnosis coverage by integrating AI guidance to assist customers at every stage. The company intends to expand its cancer-focused solutions to better support clients throughout their lives.

As AI continues to influence insurance offerings, staying informed about such innovations is critical. For professionals interested in the intersection of AI and insurance, exploring advanced AI courses can provide valuable skills to adapt and excel in this evolving field. Resources like Complete AI Training’s insurance-specific courses offer practical knowledge on implementing AI in insurance services.