Hanwha AI Center awarded first place at its HACathon | Building AI for Finance to Parity, an AI claims companion designed to bring more transparency to one of insurance’s most confusing moments: the call between an injured claimant and an insurance adjuster.
Co-hosted by Hanwha AI Center and AI Valley, the one-day hackathon was held on April 3 in San Francisco and challenged builders to create working AI products for real financial workflows. Finalists were evaluated on technical depth, product clarity, and real-world applicability. The event was supported by sponsors including Lovable, n8n, MiniMax, and Crossmint, whose stablecoin platform provides wallet infrastructure, on/offramps, and orchestration for AI agent applications.
Parity stood out for addressing a consequential pain point in insurance. After an accident, injured claimants may hear from the at-fault driver’s insurance company before they fully understand their injuries, their options, or the implications of what they say on the call. Parity was built around that moment of vulnerability.
The product helps users prepare for and navigate these conversations. Before the call, users enter basic accident details and receive a personalized briefing on what to expect, which phrases to avoid, and how to respond more carefully. During the call, Parity provides live AI coaching by flagging risky language and surfacing real-time prompts as the conversation unfolds.
Its live demo was a defining moment in the final round. In the demonstration, the adjuster opened with “How are you feeling?”—a common question that can prompt a claimant to say they are “fine”, language that may later be used to minimize the seriousness of an injury. Parity immediately flagged the risk. When a low settlement offer followed, the system identified that as well, making the product’s value instantly clear.
Parity was built by a four-person team combining AI, product, and engineering experience: Jay Yen Lim, Sarah Lam, Steven Yang, and Inseon Hwang. “We’d been on the other side of that call,” said Hwang. “We knew exactly how disorienting it was, which is what drove us to build something that meets people in that moment.”
Parity’s win reflected the core aim of HACathon: to spotlight builders creating practical AI products for real financial workflows, not speculative concepts. It also stood alongside a broader set of compelling products built across multiple areas of finance that day, underscoring Hanwha AI Center’s broader initiative to advance practical, real-world AI applications across financial services.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260413772818/en/
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