On August 3 1, the conference "Risk Variation-Reconstruction Logic of Insurance Eco-technology" hosted by Beijing Insurance Research Institute and undertaken by Beijing Baoyan Public Welfare Foundation and Oriental Guo Xin Venture Capital Management Co., Ltd. was held in Hunchun, Jilin. The impact of the application of new technologies on the development of the industry and the challenges to supervision have once again attracted attention.
Industry: Technological changes are changing the insurance ecology.
In Zhu Peibiao's view, as a data-intensive industry, data is the foundation of the insurance industry. The complexity of insurance business scenarios and the comprehensiveness of big data determine that the insurance industry needs to stand on the cusp of technology and actively embrace new technologies such as big data, cloud computing, artificial intelligence and blockchain. Technology itself is also driving the variation of risk. Science and technology are leading people's behavior, economic model and business model to undergo great changes, which will inevitably lead to new risk scenarios, leading to manageable risks far beyond the scope of traditional insurance. At the same time, it also brings the innovation of risk management tools.
Zhu Peibiao said that in fact, the new order of the Internet and virtual world has spawned a number of innovative insurance products and services. Unmanned aircraft, GIS, Internet of Vehicles and Internet of Things are all quietly changing the risk management mode of the industry. More risk management tools based on big data, blockchain and artificial intelligence are also emerging.
"We can clearly feel that the changes in risk characteristics brought by new technologies are changing the insurance ecology. The insurance industry is a long-chain industry with extremely rich and complex business scenarios, which is directly related to and integrated with many industries related to the national economy and people's livelihood. At the same time, it also brings the innovation of risk management tools. The continuous emergence of more risk management tools based on big data, blockchain and artificial intelligence makes science and technology play an important catalytic role in promoting the industrial upgrading and integration of the insurance industry, which will inevitably bring the theme of insurance. The variation of risk characteristics is gradually taking place. "
Li Xiaolin, dean of the School of Insurance of the Central University of Finance and Economics, believes that this round of new technologies is mainly some new tools led by information technology, which has changed the risks different from the past. The in-depth study of genetic engineering may bring earth-shaking changes to life insurance and health insurance. The wide application of artificial intelligence may lead to more and more risks caused by human error, which will gradually weaken, while extreme risks will be amplified. Because of this, the insurance industry may no longer be a pure supplier of insurance products in the future, but an integrator of scenario risk management and services, which opens up a huge space for the application of new technologies. Only new technology can unite many factors, reduce the operating cost of the industry, improve the efficiency of risk management, and carry the healthy operation of insurance ecology.
Xue Xiaogang, the proposed general manager of Huagui Life Insurance approved on 20 16, also talked about the impact of scientific and technological development on the industry. In his view, small and medium-sized insurance companies are not the same as large companies, and they must make their own characteristics in the market competition. Guided by science and technology, it is one of the most important aspects for small and medium-sized insurance companies to do differentiated competition and compete with large companies in the future. If small and medium-sized insurance companies want to survive in the competition, they must win by surprise, and technology is the breakthrough. For example, the combination of internet and mobile technology makes products fragmented and fragmented; The characteristic of the Internet is that things in life scenes can be purchased conveniently anytime and anywhere, so that we can make some products close to life scenes.
Supervision: Penetrating risks requires scientific and technological assistance.
In Zhu Beibiao's view, technology is promoting the ecological change of insurance, and supervision is no exception. Whether it is the expansion of manageable risks, the variation of target risk characteristics, the innovation of risk management tools, etc. Or the safety of new technology application, the ecological reform of insurance can never be divorced from the original intention of financial services, nor can it challenge the bottom line of financial security. It must be within the framework of supervision. "The ever-changing insurance ecology operates within the rules controllable by the regulatory authorities, and it is impossible without the assistance of new technologies. It is necessary to apply new regulatory technologies such as big data and artificial intelligence to understand risks and strive to make risks discoverable, forewarnable and treatable. "
The application of blockchain is also considered to bring new possibilities to supervision. "The application of the blockchain system makes the business decentralized and non-intermediated, which is technically possible. As an insurance company, I feel a sense of crisis. We are still protected in the license plate, and there is no way to get in without the license plate, but with the de-intermediation and decentralization, this piece is becoming more and more blurred. What is the regulatory boundary of insurance, what should the license plate be, and what can I do without a license plate? This piece is getting blurred. " Xue just said.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.