Similar to the widely discussed “FinTech” buzzword, InsurTech is now arising to disturb the insurance industry. Globally, the investments in insurTech increase rapidly and leads the wayof growth rate among all other sectors infintech.
In China, the interest for insurTechgrows very fast. In May 2017, the China InsurTech Development White Paper was published. The White Paper hasindicated that there are 10 emerging technologies will disrupt the insurance industry and reshape the future, and the 10 technologies are blockchain, AI, IoT, big data, cloud computing, telematics, driverless car, UAV, DNA genetic testing, and wearable device.
Supported by the relatively open and positive environment for insurance innovation in China, pilot testing projects have been initiated to explore the commercial application of all the advanced technologies. The successes of the pilot projects have attracted more and more players to join the insurtech revolution.
The revolution is now at the edge of breaking out, while many challenges still remain, such as regulatory supports, technology maturity, business models, industrial acceptance, professional skills, and etc.
The InsurTech Innovation Congress China 2018 is designed to help the whole industry get more ready for the revolution by exploring the opportunities and providing possible solutions to overcome the challenges.
I am looking forward to meeting you in Shanghai!
InsurTech Innovation Congress China 2018