Jeffrey Chen. Founded in 2013, ZhongAn has rapidly shaken up the insurance market in China, with radically unusual policies targeted at younger consumers.
In depth: Employee Benefits in Asia, opportunity for insurers: How can insurers that offer flexible products benefit at a time when many employers are rethinking their HR functions? insurance, accident insurance, liability insurance andshippingreturninsurance. Zhong An is China’s first property insurance company that sells all its products online along with handling claims. However a Chinese joint venture between established internet giants Tencent, Alibaba and Ping An has given rise to the first truly digital insurer to achieve scale. They’re also making inroads into auto insurance. Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on 26 Jul, 2018. When you visit the Chinese online-only insurance company’s website, the first thing that strikes you is the company tagline. Zhongan Insurance's website » Zhong An Online Property & Casualty Insurance is a provider of property, casualty, health, general, accident and travel ... Read more. In order to avoid competition from unrelated, but agile and flexible new players like Alibaba, Tencent, Google and Facebook, traditional insurers will increasingly enter into collaborative partnerships with them. Barely three years old, Zhong An offers a comprehensive range of products including commercial property, cargo and liability insurance along with addressing a series of risks concerning e-commerce, mobile payments and internet finance. Zhong An insurance is investing heavily in technology like blockchain to make sure it reaps the benefits it will bring in the future of insurance. ZhongAn is the largest insurer in China by covering 7.2 billion insurance policies and serving approximately 492 million policyholders from 2013 to 2016 and the largest online insurance company in China with Gross Written Premium (GWP) of $516.2 million in 2016. CEO Approval Rating 87/100 Weigh In. Japan's #InsurTech boom is opening up the healthiest market in the world: Japan is in the midst of an InsurTech boom sparked by a recognition that its large, mature market is under penetrated https://www.the-digital-insurer.com/gen-re-blog/japan-insurance-innovation-deep-diveIn depth: Employee Benefits in Asia, opportunity for insurers: How can insurers that offer flexible products benefit at a time when many employers are rethinking their HR functions? Zhong An is also successfully leveraging emerging technologies like cloud and big data analytics along with the huge user base of its founding partners, Alibaba, Tencent, Ctrip, Zhaopin and Ping An.To register, simply click the register button.
ZhongAn applies mobile Internet, cloud computing, big data and other new technologies for a variety of different purposes including product design, automatic claims settlement, market positioning analysis, risk control and back-end claims services. We will send an email with registration confirmation and keep you updated by emailInsights from TDI and @Gen_Re on the employee benefits opportunity for insurers in Asia, Japan's #InsurTech boom, digital insurance regulation in Taiwan, and more, including from @CXAGroup, in the fourth edition of Life and Health in Asia https://www.the-digital-insurer.com/gen-re-life-and-health-in-asia/life-and-health-in-asia-q3-2020/Regulation and InsurTech in Taiwan - In conversation with Gen Re's Yih-Fen Tseng: @Gen_Re Taiwan’s Yih-Fen Tseng, on the development of regulation in Taiwan, and the effect it is having on the #InsurTech and online insurance sectors https://www.the-digital-insurer.com/gen-re-blog/interview-with-yih-fen-tseng/Zhong An, the first and only company in China that has an Internet insurance license, has underwritten over 630 million insurance policies and serviced 150 million clients in its first year of operation. This category only includes cookies that ensures basic functionalities and security features of the website. Rivals that have direct and indirect competition with ZhongAn include Xiaoyusan, Huize, Everquote, Coverfox, etc. Zhong An China's first online insurance brand, with a quirky approach to selling Sector: Futurebank Themes: Resonate Explore. The company offers e-commerce, mobile payment, and financing guarantee for internet businesses and users. Zhong An, is based on the premise that the entire insurance value chain and user experience can be digitised. Don't miss an update.Insurance companies are all grappling with the question of how new technologies can assist them in on-boarding customers, automating underwriting processes and quickening up claims.Going by its statistics, Zhong An’s integration of technology into its business processes has resulted in massive cost savings.The company was, and still remains, the first and only company in China to obtain an internet insurance licence – which is required in the country to sell insurance products on the web.See how this news is changing by browsing the timeline.Platforms built around a blockchain are more secure than any alternative because every transaction made is validated by everybody that holds currency within it – meaning if a single member’s copy of the ledger reports an anomaly with a transaction, it won’t be processed.