China's Internet Of Things Insurance Development Research

Internet of Things technology is a new breakthrough in scientific and technological innovation, every time scientific and technological innovation are embedded in a huge business opportunities to promote the rapid growth of the economy.For the insurance industry, the development of the Internet to promote the insurance industry in the marketing model and product form to break through innovation. Internet insurance to efficient and convenient Internet marketing model to reduce marketing costs,to the scene needs of the design flight adventure, return freight insurance and other new products. Following the Internet insurance, Internet of things technology and insurance industry integration also led the insurance products to the wisdom of the direction of insurance products.At present, the most widely used Internet of Things insurance products on a global scale are UBI: user behavior insurance. In the future, the Internet of things insurance will cover auto insurance, health insurance, home insurance and other insurance, Internet of Things insurance will promote insurance products pricing more scientific, more stringent insurance, claims more efficient, more reasonable compensation rate, to promote insurance products gradually into the smart new era. In terms of pricing, the Internet of things insurance products to dynamic data model, the insurance product pricing from the"static" to "dynamic" change, according to the size of each person to face the size of the risk of "one price" pricing model, for less risk Of the insured more favorable; in terms of coverage, the Internet of things to the sensor to transmit the image and data as the core,the subject of the subject matter of the insurance for a comprehensive risk assessment, so that underwriting more scientific; in terms of claims, Internet of things by virtue of insurance Sensors to send images and cloud platform data for accurate claims, improve the efficiency of claims and claims quality, improve customer experience. Internet of things insurance to make insurance products more intelligent, more comprehensive protection for the risk.In March 2016, Jiu long property insurance company was founded in Zhuhai, Jiu long insurance is the Internet of things as the core of the Internet of things insurance companies. Its company products UBI, equipment, hourly index insurance, and so much to things as the core technology-based insurance products.This paper begins with Jiulong Insurance as a case, introduces the concept of Internet of Things insurance and expounds the main business, innovative products and business model of Jiulong Insurance. From the above aspects,the Internet of Things is a new beginning of the insurance industry and full of unlimited business opportunities TheSecondly, for the establishment of Jiulong Insurance from the advantages and opportunities of two aspects of analysis,a more comprehensive analysis of the future development of Jiulong Insurance Company prospects. Thirdly, the third part of this article from the Internet of China insurance network feasibility and the necessity of analysis. This paper analyzes the feasibility of the development of Internet of Things insurance in China from the aspects of the favorable policy and development prospect of the development of Internet of Things insurance in China. It expounds the necessity of developing the Internet of Things insurance from the aspects of insurance product price,claims and market demand. Developed countries in the business model and OBD equipment to obtain advanced advanced experience on China's car network insurance recommendations and enlightenment.Finally, this article points out that the Internet of Things insurance in China's auto insurance, health insurance and other areas of application, and make recommendations.