2019 in review - Online Reciprocal Communities
Editorial by Hugh Terry
This month’s China in Focus sponsored by Swiss Re looks at the development of online reciprocal communities (ORCs) in China’s digital insurance market.
The in-depth looks at how the ORC market has rapidly consolidated in 2019 and takes a closer look at the three main providers who are pushing on in 2020 to establish their current roles and develop into new sectors.
We also take a brief look at the ORC phenomenon and why it has become such a popular distribution model.
We have an interview with Gavin Li, CEO of Bihubao and finally, InsurTech spotlight is shone on Bihubao and the work it has done in establishing itself as one of the leading ORCs.
Enjoy the edition!
Zurich Insurance and Applied Systems have entered into a technology-based motor insurance distribution partnership which will allow Zurich to connect its Insurer Hosted Pricing platform to the Applied Rating Fulfilment Services for distribution via Applied Epic and Applied TAM.