Community Insurance Business Models
Editorial by Hugh Terry
This month we examine an emerging mutual insurance model that merges the ubiquitous Chinese social media and messaging app WeChat, which is developed by Tencent, with a group buying ethos. We also examine a hardware/software initiative from Allianz China and speak to Hui Zhang from Answern Online about the state of digital insurance in China and the emergence of renewed mutual health insurance.
The Digital Insurer
A new breed of online broker is leveraging China’s ubiquitous messaging app, WeChat, to acquire users and re-invent the concept of mutual insurance.