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Other Disclosures4419Finatext Holdings Ltd.Information and Communications, Services and Others

Finatext begins a proof-of-concept (PoC) study with Medicare Life to use AI to detect insurance claim fraud

Finatext has begun a proof-of-concept (PoC) study at メディケア生命 to analyze traces of tampering using generative AI in insurance claim images and efficiently identify cases suspected of being fraudulent. The AI will not make the final determination; it will support claims assessors in their review.

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Announced details

Proof-of-concept (PoC) study on using AI to detect fraudulent insurance claims
Applicable field (uses covered by this announcement)

Insurance claims, claims payment assessment, fraudulent claim detection

Launch date14 October 2026 (already launched)
What the company reported numerically
Quantitative Effects

In the previous proof-of-concept study on claims payment assessment operations, a claims assessment accuracy rate of at least 90% and AI-OCR accuracy of approximately 90% were confirmed.

Relationship between the counterparty and the company
Finatext Holdings Ltd.4419
Relationship with the Company

Finatext is supporting the use of AI in claims payment assessment operations at メディケア生命. The companies have been advancing the use of AI in the claims payment assessment field.

Counterpartyメディケア生命保険株式会社

A member of the Sumitomo Life Group. Head office: Sumitomo Life Kiyosumi Park Building, 1-11-12 Fukagawa, Koto-ku, Tokyo. President and Representative Director: Nishino Takatoshi (西野貴智). Established: October 2009.

Impact on Business Performance

The impact of this matter on financial results is expected to be minor.

The company does not address Contract Value / Offering price.

Announced details
ItemDetails
Names of Products / Services CoveredProof-of-concept (PoC) study on using AI to detect fraudulent insurance claims
Counterpartyメディケア生命保険株式会社
Counterparty overviewA member of the Sumitomo Life Group. Head office: Sumitomo Life Kiyosumi Park Building, 1-11-12 Fukagawa, Koto-ku, Tokyo. President and Representative Director: Nishino Takatoshi (西野貴智). Established: October 2009.
Relationship with the CompanyFinatext is supporting the use of AI in claims payment assessment operations at メディケア生命. The companies have been advancing the use of AI in the claims payment assessment field.
Launch date14 October 2026 (already launched)
Applicable areaInsurance claims, claims payment assessment, fraudulent claim detection
Quantitative EffectsIn the previous proof-of-concept study on claims payment assessment operations, a claims assessment accuracy rate of at least 90% and AI-OCR accuracy of approximately 90% were confirmed.
Impact on Business PerformanceThe impact of this matter on financial results is expected to be minor.
Items this document does not state (10)
Contract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocationLocation scaleUsage historySource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The advancement of generative AI and image-editing technology has made the alteration and tampering of claim document images increasingly sophisticated. The study is intended to identify fraudulent claims at an early stage and improve the efficiency of claims payment assessment.

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Finatext begins a proof-of-concept (PoC) study with Medicare Life to use AI to detect insurance claim fraud | Finatext Holdings Ltd. (4419) timely disclosure | Komori