Research On Innovation And Development Of Insurance Industry Under The Background Of Blockchain

In recent years,the blockchain has become one of the core technologies in insurance science.Because there are various favorable policies have been introduced by governments in different countries,people hold an curious attitude on how blockchain can be combined with insurance.This thesis starts with the "genetic similarity" of insurance and the blockchain.Firstly,I summarize the basic theory and current development status of blockchain technology.Then,by analyzing the cuerrent situation of insurace industry and problems,I think blockchain technology can be one of the motivation in insurance innovation.Moreover,there are relevant suggestions are put forward for the insurance company layout the blockchain.This thesis mainly focuses on the three practical applications of blockchain.They are business process innovation,insurance product innovation and insurance management innovation.This thesis also concludes that the blockchain will play an important role in promoting innovation.Under the development trend of the blockchain and insurance industry,it will show a multiple trend in insurance products and insurance business operations.Finally,the thesis points out three issues which need to be soloved the problems and challenges from the blockchain in insurance innovation.At the same time,I remain a positive attitude about the future blockchain with insurance innovation service system.