China has begun pilot testing projects to explore the commercial applications of InsurTech.
The successes of the pilot projects have encouraged more and more players to join the InsurTech revolution.
To support growth in this segment, the China InsurTech Development White Paper was published in May this year.
The White Paper indicates that there are 10 emerging technologies (blockchain, AI, IoT, big data, cloud computing, telematics, driverless cars, UAV, DNA genetic testing, and wearable devices) which will disrupt the insurance industry and reshape the future.
Many challenges still remain for example regulatory support, business models, industrial acceptance, and professional skills, etc.
To this end, the SZ&W Group, advised by Insurance Research Institute of Fudan University, is organising InsurTech Innovation Congress China 2018.