Is blowing [Korea gimmingyeong financial newspaper reporter] 'pin-tech' hot air in the insurance industry. The so-called portmanteau of Insurance (Insurance) and technology (Technology) to "insulator Tech. Meanwhile, lending, brokerage, but the pin-tech combining active in various financial sectors such as banking and insurance sector was relatively weak in. However, potential pin-tech growth potential is large because the insurance assessment is required because the feature is another 'personalized' products than the financial sector. Especially that ever integrated customer dwaeon big data and can predict the risk of accidents, based on artificial intelligence and prevention should support the assertion that insurance industry is the most promising tech sectors pins.
Recently the insurer was also released one after another service that combines the pin-Tech use of technology such as big data and mobile. Introduce insurance products and is a representative, such as a mobile app that the insurance consumers to join a glance.
◇ Hanwha Group noted that "pin-tech '
Hanwha Life is famous for showing the innovative move of the conservative insurance industry. Hanwha Life is expected to continue to assist the market changes in the 4th year, the Industrial Revolution and carried out a reorganization that established the end of last year, Chief Innovation Officer to Chief Executive Officer (CEO) direct. In particular, the commitment to enhance the core competitiveness through innovation, enterprise reinforcement 3 capabilities such as 'big data', 'mobile', 'Pin-tech' goals.
Hanwha Life is the extraordinary executive powers to evaluate the executive's upper layers, such as Hanwha Group Chairman and CEO Kim Seungyeon Cha Namgyu Hanwha Life show a keen interest in innovation. In particular, Kim Dong-won, Hanwha Life managing director of the famous pin-tech leader "in the insurance industry. Managing Director Kim Dong-won, leading the pin-tech sectors as part of a new growth engine led the pace of enterprise Hanwha life.
Managing Director Kim Dong-won was held in Asia since last 23 to 26 days 'Davos' been called to attend the second consecutive year membership in the "Boao Forum.
Last year, Kim Dong-won, managing director played a free discussion "Young Leaders Round Table (YLR) 'gotta invited to the official panel changes the relationship between people in accordance with the development of mobile technology with the theme of" Redefining the street' and so on. Also reportedly discussed the typical pin possibilities tech enterprise in Antwerp Financial banking subsidiary of Alibaba Jing Chien East representative and master bedroom outlook and direction of development of insurance groups Usha ohhuyi met with President Pin-tech industries, Southeast pin-tech market jointly advance China.
Managing Director Kim Dong-won has focused on discovering pin-tech and new financial order, including in Switzerland, the Forum Force before January. Kim, managing director discuss the January 17 Vietnamese software company 1st FPT's Chairman Jia bean-to-meet ruong Hanwha Life Vietnam corporate customer support software development participation and shared opinions on start-up business areas in Vietnam.
In addition, Kim Dong-won, managing director met with pin-tech solutions company FTCASH's bar admission Rove Rota, CEO of India India's mobile payment platform, established finance big data platform, such as exchanges for such a small sheet lending prospects and existing financial coping strategies of the market It has a reputation haewatdaneun sensitive to watch the changing of the domestic insurance market.
◇ management 'pin-tech' love reflect Hanwha Life
Hanwha life last February launched a pin-tech based junggeumri loan insurance industry's first "smart Hanwha credit" is a business model first developed by incorporating tech and big data managing director Kim Dong-won pins.
This product is made to be easy to apply through the Internet and mobile workers targeted at the general corporate and private operators junggeumri the credit rating of the loan tagitcheung 4-7 grades.
These customers have been existing credit evaluation model applies a relatively high interest rate can not be separated by a median rating. However, Hanwha smart credit "is characterized by a broken credit rating combined with traditional credit scoring models and credit scoring models Big Data to expand its lending target in particular junggeumri. Is utilizing big data by introducing a system to provide discovery, junggeumri benefits to loyal customers of the lieutenant grades. For professionals analyze consumer behavior patterns, understand the real income and private operators to evaluate the creditworthiness analysis of past and current sales information.
Loan period is 1 year workers is the lowest interest rate of 4.5% from 3,000,000 won up to 30 million won, depending on the income and creditworthiness, private operators more sites opened one year can apply to the minimum 4.9% interest rate from 3,000,000 won up to 2000 yuan. Loan prepayment fees and handling fees are not.
In the pin-tech customers and insurance claims received has been utilized. In particular, it strengthened the Hanwha Life differentiated marketing utilizing Big Data in sales. Last year launched a mobile app Touch Plus is the assessment that enables efficient customer management with Big Data analysis.
Only this, but Hanwha Life △ insurance to customers in similar conditions, such as age, occupation, region, income, △ disease incidence, △ preparations for aging, △ new contract subscriptions, such as activities that provide statistical information management program 'People Like U the (People Like You) 'provides the front-line sales. The program has reportedly brought out a hot response from insurance agents (FP) in the field of life boheop Association, Health Insurance Review Agency, insurance consulting the available system based on large amounts of big data integration, etc. Statistics.
The insurance payments steps to activate the "automatic payment system assessment 'has greatly improved the complaints of customers. Take a person other than an insurance payment audit database (DB) to determine whether virtually the same time as payments charged to the customer. This is 1/4 of the total Hanwha Life insurance payments are processed immediately follow.
You can also use the smartphone application "Hanwha Life Mobility Center" to handle 70 tasks such as contract inquiry, premium payments, variable insurance fund changes, loan and repayment. Accident insurance of indemnity insurance and less than 1 million won also here it is possible to charge. By combining the pin-Tech simplifies the payment process claims faster and with a greater degree of increased payments yirwojige Hanwha Life customer satisfaction.
Hanwha Life official said that "mobile insurance claims cases is steadily increasing," he said "a lot of customers ages FP are actively promoting guidance, are not familiar with the mobile nature of the high-life insurance effect".
◇ Hold 'insulator Tech' daneunde wing government regulations ankle
In these 'emergency' Hanwha life compared to pin-tech boom of foreign domestic insurance industry insulator tech growth it is still far to go the length of the evaluation. The size of the country is that the insurance industry in recent years the country but the world's top seven insurance companies that insulator Tech is introducing a selection of 'Fintech 100' case is nil.
The insurance industry says I gathered that "there is regulation of the financial authorities to prevent innovation." Hanwha pin Tech Center official said that "the technical dimension compared to the pin-tech environment where you can live a more normal business dwaetneunji composition of the key."
If the insulator called the "epicenter" of the tech craze in China it is to facilitate the evaluation took drastic yirwojyeo support and investment in new technology in the insurance industry insulator spot for tech startups. Insurance Institute officials Above "should alleviate the personal identification regulations according to the Privacy Act," he said. That it is necessary to simplify the complex process through personal authentication such as the current electronic certificate. According to the Insurance Institute for example, such as China Zhong Insurance selected second consecutive in the Fintech 100 TOP5 will improve customer convenience through the insulator tech early to enable Zhong insurance into account, such as a shopping mall without registering on the internet shopping mall Homeopathy or other reportedly Spreading the hyeopchi strategies and sector-stage wings.
After the Japanese Imperial Life also introduced the Artificial Intelligence (AI) an actuary, Watson Explorer 'from this year the insurance business matters. IBM's artificial intelligence 'Watson Explorer' is a system for analyzing information such as medical history, hospital stay, taking medicines contractors calculate insurance premiums.
After Imperial Life said it expects a 30% improvement in productivity following the introduction Watson. Presumably the system construction cost and maintenance cost of about 150 million won annually about 20 billion to lay off 34 employees insurance claims is calculated that it can reduce the labor costs of 14 billion won annually.
Tech IT-related investments in recent years in Japan, not only this pin, according to IDC Japan is expected to grow at CAGR of 45.4% in 2017 to 11 billion yen 33.8 billion yen in 2020. In particular, the insurance company is expected to increase from 12 to 4 billion yen expected a lot of growth.
Choechanghui Insurance Research Fellow various personal identification, such as through China Zhong Insurance insulator implications Tech Case "report" Mobile phone text authentication, signature, voice, and video stored on insurance through personal electronic devices and the Internet, leveraging existing Internet business accounts It shall review the manner accepted if "and suggested the need for institutional improvements.
In addition, automating the insurance industry is also working to take advantage of the simplified procedure, insurance, sales channel diversification, tech insulator and said we should find ways to reduce expenses positively.
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