Pilot testing projects have been initiated in China to explore the commercial applications of InsurTech. The successes of the pilot projects have attracted more and more players to join the InsurTech revolution.
To support growth in this segment, the China InsurTech Development White Paper was published in May 2017. The White Paper indicates that there are 10 emerging technologies which will disrupt the insurance industry and reshape the future. These technologies are blockchain, AI, IoT, big data, cloud computing, telematics, driverless cars, UAV, DNA genetic testing, and wearable devices.
Many challenges still remain, such as regulatory support, business models, industrial acceptance, and professional skills, etc.
To this end, the SZ&W Group, advised by Insurance Research Institute of Fudan University, is organising InsurTech Innovation Congress China 2018 to help the insurance industry get more ready for the InsurTech revolution by exploring opportunities and providing possible solutions to overcome the challenges. Asia Insurance Review is a media partner of the Congress.
Under the theme of “InsurTech Empowers Insurance Transformation: Getting Digital and Smart”, the event will be held in Shanghai on 9-10 January 2018. The topics to be covered include: InsurTech ecosystem & insurance transformation; Big Data & the Age of “Precision” Insurance; blockchain; mobile Internet applications in insurance & customer experience improvement; AI for insurance: IoT insurance; cloud computing & its potential for insurance; as well as cyber security & insurance RegTech.