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How Hanwha Life uses Upstage

70%

“70% Reduction in Manual Processing: AI automated data extraction”

As published on upstage.ai. Captured by usedby on Oct 8, 2026.

What happened

Hanwha Life used Upstage's Document Parsing to extract and structure data from 5 million insurance claims spanning 10 years, including scanned and handwritten medical documents. The structured data was used to analyze treatment costs and design new cancer insurance products.

Summary written by usedby from the source page, in English. The figures are those of Upstage and Hanwha Life, not ours.

  • 50%“50% Lower Infrastructure Costs: AI’s efficiency reduced overhead and cut processing expenses in half.”

Hanwha implemented Upstage AI’s Document Parsing to analyze 5 million insurance claims from the past 10 years. The AI extracted and structured key medical data, enabling Hanwha to:

From the page. upstage.ai, captured Oct 8, 2026

Upstage delivers outstanding accuracy—achieving over 95% recognition across diverse document types.Unlike traditional OCR tools, Upstage continuously improves its model performance and offers scalable commercial solutions.We chose Upstage for its reliability and scalability, and we look forward to expanding our collaboration.

Gyeong-won Jeon, Data Analytics Lead, Hanwha Life. Source, captured Oct 8, 2026

What the story claims, and what we checked

We compared the story with its live page on Oct 8, 2026.

  • The figure: 70%CheckedPrinted word for word on the page, near the name of Hanwha Life.
  • The passage quoted aboveCheckedCopied word for word from the page, near the name of Hanwha Life.
  • The numbers in our summaryCheckedEach one is printed on the page.
  • Hanwha Life uses UpstageCheckedConfirmed line. Latest check across sources: Oct 8, 2026.
  • The result itselfNot checkedWe quote it; we did not measure it.

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