#Japan #Tokyo #AI-OCR #Iric Corporation #Asahi Life

Asahi Life Insurance Partners with Iric Corporation

Asahi Life Insurance Mutual Company has recently adopted the AI-OCR service, known as 'Smart OCR Medical Statement,' provided by Iric Corporation, aiming to improve efficiency in the benefit payment processing industry. Starting January 2026, this collaboration will help tackle common challenges faced by the insurance sector regarding the efficient management of benefit payments.

The Challenge of Efficiency in Benefit Payments

The insurance industry has long faced significant obstacles in streamlining benefit payment procedures. Historically, the process involves multiple steps, including document entry and payment approval assessments, creating a considerable administrative burden. In response, Asahi Life is spearheading initiatives to enhance these processes, integrating Iric's AI-OCR technology and the expertise of Ubicom Holdings.

Key Features of Advanced Automation

1. Automatic Document Identification

The AI technology utilized in this platform can automatically identify customer-submitted documents such as receipts and medical statements through image data processing. This capability allows for rapid classification and enhances workflow efficiency.

2. Recognition of Non-standard Documents

Given that medical institutions often use varied formats for documents, the AI effectively extracts essential data fields (e.g., consultation date, points, amounts) from varying formats of receipts and medical statements, ensuring accurate and consistent communication.

3. Automatic Splitting of 'N in 1' Documents

In instances where multiple documents are scanned together, the AI can intelligently split and process the information as appropriate. This functionality is critical in maintaining clarity and accuracy in document management.

4. Correction of Variability and Coding

Utilizing Ubicom's advanced medical database and decoding logic, the system can convert varied surgical names into their formal designations and respective codes, providing robust support for subsequent payment processing tasks.

Benefits of Joining the Life Insurance Ecosystem

Asahi Life's participation in the Life Insurance Ecosystem represents a significant step towards collaborative industry growth. This ecosystem consists of insurance companies working together to innovate efficient administrative frameworks. Through the secure shared use of cumulative learning model results, companies can enhance reading accuracy while simultaneously reducing costs. Notably, Asahi Life's involvement has resulted in approximately a 42% reduction in annual usage fees compared to standalone deployments.

Overview of the Benefit Payment Processing Platform

The Solution facilitates a streamlined operation for customers by significantly shortening the processing time and reducing administrative workload related to benefit payments. This platform comprises four adaptable solutions that can seamlessly assist the entire process from data input to payment evaluation:
1. Top-tier Data Processing (AI-OCR) - Instantly digitizes essential documents like medical statements and receipts.
2. Standardization of Medical Data - Extracts terms like surgery names or medication from text and translates them into industry-standard codes.
3. Automation of Payment Evaluation - Connects the medical conditions and procedures to determine eligibility for payment automatically, elevating assessment speed and reducing dependency on individual expertise.
4. Smooth Integration with Existing Systems - Provides a framework for easy data integration with the core systems that insurance companies already utilize.

Future Developments

Iric Corporation is committed to addressing the specific challenges faced by insurance companies by enabling the selection and implementation of necessary solutions, drastically reducing administrative burdens. Moreover, the collaborative development of systems addressing mutual industry challenges will be led by Iric Corporation, fostering overall industry advancement.

Company Overview

Iric Corporation

• - Website: Iric Corporation
• - Headquarters: Bunkyo-ku, Tokyo, Japan
• - Founded: July 1995
• - CEO: Ryuuji Katsumoto
• - Business Overview: Focused on revolutionizing the insurance distribution landscape using technology, supporting investment management and life planning for customers.

Asahi Life Insurance Mutual Company

• - Website: Asahi Life Insurance
• - Founding Date: March 1, 1888

Ubicom Holdings

• - Website: Ubicom Holdings
• - Established: December 8, 2005
• - Core Services: Offers IT solutions to hospitals, clinics, and focuses on developing medical technology and software.