Not only insurance companies sell insurance through the Internet in large numbers, but other industry players are also competing to enter. But on the contrary, the lack of perfect regulations has also caused a lot of chaos in insurance, such as the launch of "Mid-Autumn Moon Appreciation Insurance", "Smog Insurance", etc., and even products that do not conform to the spirit of insurance, such as "Luhan Love Insurance" (as long as The male star Lu Han did not break up with his girlfriend, that is, claims), "World Cup Regret Insurance", etc., have lost the risk sharing purpose of insurance, which is not in line with the nature of insurance, but has become a fund-raising and gambling tool for unscrupulous businessmen. Chinese insurance companies have launched many innovative insurances through online platforms, which are based on supporting actions to pay premiums and provide more convenient payment channels.
At the same time, due to the implementation of the "mobile Image Manipulation Service phone real-name registration system" and the application of face recognition technology, online insurance is solved. remote authentication problem. How to be under clear regulations without stifling insurance innovation, these practices and reflections are worthy of Taiwan's reference. stock-photo-singapore-parlament-july-sin Photo Credit: Shutter Stock singapore parliament Singapore, which is close to Taiwan, is led by the government, which encourages financial innovation through the supervision sandbox. For example, PolicyPal manages, integrates and simplifies personal insurance policies with a mobile app.
With the core technology of facial recognition, it can speed up the confirmation of the identity of the insured, and can automatically collect various activity information of the insured, and use artificial intelligence to calculate reasonable premiums for reference. , and can even advertise "Today's Auto Insurance Discount" on the Internet to attract people to apply for insurance34 ; another example is DirectAsia , which applies online insurance to directly provide customers with insurance products, and can freely adjust the premium and scope.