Research Report on China’s Insurance cloud industry in 2021

What is the development history and process of China’s insurance industry?

From a macro perspective, the development process of Internet insurance can be divided into four stages, including germination period, exploration period, comprehensive development period and rapid growth period. During this period, it has gradually transformed from the traditional insurance industry to digital informatization, and uploaded the established basic model of Internet insurance to the cloud

What is the investment of China’s insurance industry in insurance technology?

The original premium income of China’s insurance industry reached 4.53 trillion yuan, but the investment in insurance technology was 37.18 billion yuan, accounting for only 0.82% of the total premium income. Compared with the investment of overseas manufacturers in the same period, there is still a large gap of 7% to 10%. It is expected that the investment in insurance technology will reach 63.08 billion yuan in 2025, showing a rapid growth trend

What are the technical development trends of insurance cloud in China?

In the development trend of China’s Insurance cloud industry, the traceability, decentralization, distributed consensus and other characteristics of blockchain technology, together with the analysis ability and data mining of big data technology, will accelerate the digital transformation of its industry and usher in a new insurance business model

Which enterprises are included in the relevant industrial chains of China’s Insurance cloud?

China’s Insurance cloud is a segment of the financial cloud, and its industrial chain is basically similar to that of the financial cloud. The main difference is that the applications in the SaaS layer are mainly insurance SaaS services, and the downstream customers are mainly insurance companies, insurance agents and sales companies and insurance brokerage companies. At the same time, major enterprises in the insurance industry are still in the insurance cloud stage, The cloud process of its core system is slow. In the short term, insurance SaaS services are mainly used to realize digital, intelligent and online services

 

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