After several rounds of heavy blows, China’s insurance market continues to clear risks and continues to advance its strong transformation, which will surely promote the high-quality development of China’s insurance industry.

2024/06/3007:22:32 hotcomm 1792

In 2018, the economic situation at home and abroad was complex and changeable, with constant "thunders". After several rounds of heavy blows, China’s insurance market continues to clear risks and continues to advance its strong transformation, which will surely promote the high-quality development of China’s insurance industry.

In recognition of the efforts and contributions made by insurance institutions, insurers and insurance entrepreneurs in promoting the transformation and development process of China's insurance industry, the key national news website - "China.com" and the new insurance media "Today Insurance" jointly launched the "2018 China Ding Insurance Industry Selection" conducts a large-scale professional review of the domestic insurance industry based on the principles of objectivity, fairness and transparency. The final selection results will be announced at the "2018 China Insurance Transformation and Development Summit Forum" held on December 27, 2018, and a grand award ceremony will be held. The award results will also be displayed on China.com's "2018 China Insurance Transformation and Development Summit Forum" and " China Ding Insurance Industry Awards Ceremony" in the special topic.

Hetai Life Insurance, established in 2017, was born in the wave of Internet technology innovation. Adhere to the dual-driven strategy of "Internet" + "traditional channels". We have made great achievements in terms of infrastructure, business support, service capabilities and risk control. Based on this, it was shortlisted for the "Best Technology Empowerment of the Year" award at the 2018 "China Ding Insurance Industry Awards Ceremony".

Reasons for being shortlisted for the award:

Hetai Life Insurance, established in 2017, was born in the wave of Internet technology innovation. Adhere to the dual-driven strategy of "Internet" + "traditional channels".

At the infrastructure level, Cathay Life is the first life insurance company in China with 100% of its systems running on the public cloud. All three-level institutions have implemented cloud office , and the system construction cycle is short. In terms of business support,

uses microservice technology to underwrite one million policies in the first month of operation, with a peak of 6,100 policies being underwritten in one minute and 110,000 policies being underwritten in one hour. In terms of service capabilities, the official WeChat public account of

can realize online small-amount claims settlement, with an average case settlement time of 1 hour and an online claim settlement rate of 99.36%. It supports customers to self-service insurance cancellations, customer information changes and other preservation services. In terms of risk control,

uses big data to match customers with suitable products, and uses facial recognition and liveness detection technologies for identity recognition and risk control.

(Editor: Guo Weiying)

After several rounds of heavy blows, China’s insurance market continues to clear risks and continues to advance its strong transformation, which will surely promote the high-quality development of China’s insurance industry. - DayDayNews

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