Research On The Development Of Insurance Technology In China

"Insur Tech" is an independent emerging branch derived from the financial technology framework.It focuses on technology,around big data,blockchain,artificial intelligence,Internet and mobile technologies,cloud computing,Internet of Things,etc.Technology,extensive in-depth insurance product innovation,marketing,underwriting,claims and customer service and other value chain and service links.As the leading insurance company in the world,Ping An Life is the first to use insurance technology in the industry and apply it to life insurance management and management,and fully empower the core business of life insurance.In 2018,Ping An ranked No.1 in the world in the insurance technology application patent list.The top ten did not have another insurance company in the forefront of the international market.It is the “Huawei” of the international insurance industry and is typical.Research on this issue has not been published in the academic world so far,and no master's or doctoral thesis has been studied.Therefore,research on the application of Ping An Life Insurance technology has strong theoretical and practical significance.The main players in China's insurance technology are traditional insurance companies,Internet insurance companies,Internet giant financial sector and third-party technology startups.In terms of its development stage,it is roughly divided into three stages: “reform”,“innovation” and “reconstruction”.The development of insurance technology has the outstanding role of data collection capability,data analysis and processing capability is the core competitiveness,and the integration and optimization of more resources outside the industry.At the same time,there are immature technology applications,large data application challenges,and uncertain product innovation.The solvency is to be tested and the consumer rights are difficult to maintain.Ping An Life Insurance Technology uses customer-centric technology to reinvent the insurance value chain through technology to fully empower life insurance business processes.In terms of products,Ping An Life has created a model of differentiated pricing and product+ health management.In terms of sales of the exhibition industry,Ping An Life uses technology to empower pre-sale,in-sale and after-sales sales support.In the nuclear insurance sector,Ping An Life has achieved intelligent underwriting through big data modeling.In the smart claims section,Ping An Life launched the “flash compensation”service.In terms of customer service,Ping An Life launched intelligent customer service to provide customers with efficient and convenient services.Ping An Life Insurance usesinsurance technology to comprehensively reshape the life insurance operation value chain,which is of great significance for Ping An Life Insurance to improve business efficiency,reduce operating costs,provide personalized services to customers and enhance risk management capabilities.However,Ping An Life Insurance uses insurance technology to reshape the insurance value chain.There are also problems such as high difficulty in obtaining customer information,unfulfilled information sharing,large investment in insurance technology,and challenges in continuous innovation.In view of the problem,based on the analysis of the application of Ping An Life Insurance Technology,this paper starts from the three aspects of the enterprise itself,the insurance industry and the government supervision,and gives specific suggestions on the development of China's insurance technology,as well as the transformation of domestic science and technology traditional insurance enterprises.Provide a more mature sample.