Research On The Innovation Of Insurance Companies Bussiness Model Under The Background Of New Science And Technology

The term "insurance science and technology" comes from financial science and technology and is the combination of insurance industry and science and technology.Simply speaking,insurance science and technology is a combination of new technologies such as big data,artificial intelligence,block chain,cloud computing,Internet of Things,and other aspects of the insurance industry.It is widely used in the design and development of insurance products,rate determination,product marketing,underwriting customer service,insurance wind control,claims settlement and sale.In the business process of the latter insurance companies,we should create new technology systems and platforms,innovate business models and improve business efficiency.Because of the rapid development of insurance industry in China and many problems in traditional insurance companies business model,the integration of insurance and science and technology has gradually become a social trend,which has attracted much attention.In order to solve the drawbacks of the traditional insurance business model and provide suggestions for the development of new insurance technology companies,it is essential to study the impact of insurance technology on the business model of insurance companies.This paper studies the impact of insurance science and technology on China's insurance industry by combining theory with practice and caseanalysis.Chapter 1 describes the research background and purpose,domestic and foreign literature review,research methods,etc.Chapter 2analyses the big data in insurance science and technology,block chains and the technical characteristics of artificial intelligence,as well as the coincidence with insurance industry.Chapter 3 is a case study.Four insurance companies,Taikang Online,Zhongan Online,Xinmei Life and Anxin Insurance,are selected in this paper.Four companies have used different insurance business models,which is the fruit of new technology to promote the innovation of insurance companies' business models.Chapter IV is the analysis of the influencing factors of insurance company's business model innovation under the background of new science and technology,mainly from internal and external factors,including data issues,technical issues,loss of profits,talent issues and product innovation issues;external factors mainly include network information security issues and the resulting regulatory issues;The last chapter is the suggestions and countermeasures.Only through the joint efforts of insurance companies,regulators and the government can we promote the establishment of the insurance science and technology ecosphere and the innovation of the insurance company's business model.