home Electronic Shanghai Big Data takes the lead in establishing a digital insurance research center, what will it do?

Shanghai Big Data takes the lead in establishing a digital insurance research center, what will it do?

On the afternoon of December 14, the launch conference of the “Digital Insurance Research Center” was held in Shanghai. This research center is led by Shanghai Big Data Co., Ltd. (hereinafter referred to as Shanghai Big Data Co., Ltd.), American Reinsurance RGAX (hereinafter referred to as RGAX), Weining Yuanyao Technology (Shanghai) Co., Ltd. (hereinafter referred to as Yuanyao Technology) , Shenzhen Xiaobu Benpao Technology Co., Ltd. (hereinafter referred to as Lecheng Cloud Service) co-constructed by multiple parties.

The “Digital Insurance Research Center” aims to promote the digital transformation and high-quality development of the insurance industry. The research center will conduct research covering medical, health, insurance, and pharmaceutical fields, and promote the digitalization of insurance product innovation, risk control, and operational efficiency. Process, empowering the upgrading of the insurance industry.

Shanghai Big Data Co., Ltd. is a state-controlled mixed-ownership enterprise approved by the Shanghai Municipal People’s Government. The company is committed to supporting the governance, development and utilization of government public data, as well as improving the level of urban management and public services. Cheng Dong, vice president of Shanghai Big Data Corporation, said that “digital insurance” represents a new background, a new ecology, and a new strategy, many of which are new thinking. Although there is a lot of data now, the real-time and dimensionality of the data is not enough. Although big data technology is mature, there are not many scenarios where it actually landed.

“In the insurance technology track today, you can see that the digital layout of long-term insurance strategy overlays needs to re-construct a closed loop through 5G, Internet of Things, artificial intelligence, etc., so insurance should expand from the constraints of a single product to more scenarios.” As one A “veteran” who has worked in the insurance industry for nearly 30 years, Cheng Dong believes that in the past, emotional quotient and IQ were discussed. In the era of big data, there is also digital quotient. Digital quotient has become an important ability of modern people and modern society. The insurance industry especially requires digital quotients with industry capabilities and corresponding capabilities.

Wei Chenyang, deputy dean of the Financial Technology Research Institute of Tsinghua University and director of the China Insurance and Pension Research Center of the National Financial Research Institute, said at the meeting that traditionally, the insurance industry is a relatively labor-intensive industry, so this industry has always been technologically advanced. The penetration is not too deep. Therefore, we can now see many innovative opportunities in the entire business process of insurance, and there are many active insurtech companies or some large companies investing in technology in some important links.

“Recently, there are some new trends. You can see that many traditional insurance companies and large insurance companies are increasingly cooperating with outstanding insurance technology startups, and even through mergers and acquisitions, some good innovations are quickly integrated and integrated into existing insurance companies. In the process.” Wei Chenyang said.

Xu Han, founder and CEO of Lecheng Cloud Service, said that the “Digital Insurance Research Center” hopes to build a tripartite joint construction through the public data of Shanghai Big Data Center, the physical network of Weining Hospital and the insurance data of Lecheng Cloud Service. Database. Then through industry alliance, using the data and experience summarized by America Re in the world, etc., jointly create an industry alliance ecological database, so as to make an intelligent algorithm model. In the future, we hope to provide three directions through digital solutions: innovation of insurance products, risk control claims, and operational growth of the C-end crowd.

According to the “Digital Insurance Research Center”, it is expected that by the first half of 2022, the research center will cooperate with the Weining physical hospital network, Lecheng Cloud Service and other parties to build digital assets, and Shanghai Big Data Co., Ltd. will formulate modeling and use standards. It is expected that by the first quarter of 2023, the research center will officially deliver application-level digital solutions to empower the insurance industry.

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