亿电竞

finance service
Opportunities and risks coexist in industrial convergence
Time: 2019/5/14 10:15:29

Source: Financial Times - China亿电竞平台 Financial News Network Author: reporter Dai Mengxi Release date: May 13, 2019 08:27

The亿电竞平台 rapid development of science and technology has brought a lot of "thinking" and "changes" to the亿电竞 insurance industry. With regard to "change", Zhou Yanli, former vice chairman of the亿电竞 CIRC, recently said that insurance technology has not only accelerated the亿电竞 sustained growth of the亿电竞 insurance industry, but also transformed the亿电竞 driving force and reform of the亿电竞 enabling industry, promoting the亿电竞 upgrading of service function and the亿电竞 change of service mode from the亿电竞 perspective of innovation, providing unprecedented powerful driving force for the亿电竞 high-quality development of the亿电竞 industry.

In the亿电竞 process of innovation, the亿电竞 insurance industry is facing new challenges. How to keep up with the亿电竞 times of supervision is a problem worthy of consideration of the亿电竞 global insurance industry.

Scientific and technological thinking promotes digital transformation

From the亿电竞 perspective of science and technology, the亿电竞 value of the亿电竞 whole cloud technology and insurance industry has been continuously explored from the亿电竞 perspective of technology and insurance industry in 2018. The亿电竞平台 specific changes brought by science and technology to insurance companies have extended from product development to underwriting, claim settlement and even risk control. The亿电竞平台 application of data makes the亿电竞 risk definition more precise, which changes the亿电竞 insurance company's cognition and management of risk.

At a deeper level, what does technology bring to traditional insurance companies? An executive of a foreign technology start-up told the亿电竞 financial times that cyber security issues are escalating globally, but many traditional insurance companies are unable to design appropriate insurance products for cyber crime because the亿电竞y are unable to quantify and price the亿电竞 risk. However, technology start-ups can provide knowledge and tools for insurance companies to develop services around risk testing and cyber crime prevention. "In general, insurance companies have a different way of thinking."

In recent years, many large listed companies in China亿电竞平台 have started digital transformation strategy. For example, China亿电竞平台 Life Insurance has effectively supported the亿电竞 insurance needs of more than 500 million customers by building a digital platform, expanding intelligent application scenarios, and forming an online and offline integrated national life insurance characteristic mode; PICC takes digital technology as the亿电竞 core means to provide in-depth insight into customers to provide high-quality products and services, integrate multiple businesses, and provide insurance needs for the亿电竞 general public. Although for the亿电竞 insurance industry, digital transformation and technological innovation may take a long time to complete, improving the亿电竞 competitiveness of science and technology is conducive to the亿电竞 transformation and internationalization of insurance companies.

In this process, consumers become the亿电竞 biggest beneficiary in the亿电竞 wave of technology driven insurance reform. "In terms of customer experience, the亿电竞 core function of insurance is to provide real protection," said Xu Chunjun, CEO of Allianz property insurance. The亿电竞平台 insurance company's objective is to make the亿电竞 insurance company's business process easier and easier to understand

Accelerating the亿电竞 formation of industrial ecosystem

It is worth noting that the亿电竞 change of insurance technology is not limited to the亿电竞 insurance industry itself. In fact, it is also promoting the亿电竞 formation of an insurance ecosystem with multi industry integration. Traditional insurance companies, Internet companies and technology service providers are the亿电竞 builders of this ecosystem.

The亿电竞平台 field of big health is undoubtedly a big "wind outlet" after the亿电竞 transformation of the亿电竞 insurance industry. Insurance companies and technology companies in this field are accelerating the亿电竞 integration. Not long ago, Beijing miaoyijia Information Technology Co., Ltd., a health technology company based on health data tracking and artificial intelligence health intervention, has just completed the亿电竞 c-round financing of nearly 500 million yuan. The亿电竞平台 leading investment companies are two companies of China亿电竞平台 Taibao, with an investment amount of more than 400 million yuan. This investment is also part of the亿电竞 "insurance + health management" layout of China亿电竞平台 Pacific Insurance.

Looking at China亿电竞平台's auto insurance market, the亿电竞re are also many cross-border integration of "technology + vehicle insurance". For example, gaiqia Intelligent Technology Co., Ltd. can upload the亿电竞 data of vehicles, drivers, roads and environment to the亿电竞 Internet of vehicles platform based on big data and AI technology in real time. After the亿电竞 platform is collected and processed, the亿电竞 self-developed emergency response center is used to provide various services for insurance companies, such as intelligence Customer service, intelligent video monitoring, report analysis, claim support, emergency rescue, etc.

Industry insiders believe that the亿电竞 emergence of insurance technology has added more dimensions and development potential to the亿电竞 insurance industry, and the亿电竞 process of industrial integration is an important factor to measure the亿电竞 development cycle of insurance technology.

Fuzzy business boundary and hidden risks

However, the亿电竞re are always two sides to things. Technological innovation is often accompanied by risks. As mentioned above, the亿电竞 application of insurance technology is accompanied by the亿电竞 process of industrial convergence, which is a cross industry and cross domain transaction, which also means that the亿电竞 boundary of its business channel will be relatively fuzzy. Those who gradually become "cross-border" or "quasi financial" enterprises are the亿电竞 "quasi" ones. Affected by this, the亿电竞 transaction structure of the亿电竞 market is becoming more and more complex, and the亿电竞 cross risk in the亿电竞 financial industry may also be transferred to the亿电竞 insurance industry, which increases the亿电竞 difficulty of the亿电竞 insurance industry in preventing systemic risks.

"Insurance technology may bring about the亿电竞 risk of improper operational innovation," Zhou Yanli said. "This kind of risk is not uncommon. If the亿电竞 insurance company's information management mechanism is not perfect and the亿电竞 post event measures of information system design are not perfect, it may lead to increased operational risk."

The亿电竞平台 new risks caused by scientific and technological innovation put forward higher requirements for insurance and even financial regulators. In the亿电竞 view of Shan Peng, general manager of vehicle insurance business department of China亿电竞平台 Insurance Information Technology Management Co., Ltd., the亿电竞re are some conflicts between insurance technology and traditional supervision. For example, insurance technology advocates boundless, which is a conflict with strict access system. For example, insurance technology advocates rapid product innovation and network effect, which is also between strict product control It's a conflict. The亿电竞平台 challenge for the亿电竞 financial sector to maintain a proper balance between regulation and regulation in the亿电竞 new era is to ensure that the亿电竞re is a huge balance between the亿电竞 regulatory sector and the亿电竞 consumer sector.

 
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