Chinese Digital Health Ecosystem
Editorial by Hugh Terry
In this month’s edition of China in Focus, in partnership with Swiss Re, we focus on China’s MedTech disruptors.
China’s dysfunctional health insurance market has moved up the government’s agenda in 2017 and InsurTechs are now springing up to offer innovative solutions to tackle chronic diseases, including diabetes and hepatitis B, in a country where such conditions are endemic. We look at some of the key players in the space receiving investment to bring benefits to both patients and insurers.
And as Swiss Re explains in a thought leadership piece, the trend across Asia for regulators to embrace digital channels for distribution, while not discounting the role of intermediaries in the sale of complex life products, is fuelling a shifting trend towards digitisation of the customer journey.
This rapid growth in insurance innovation in China is creating a hugely competitive environment for existing larger players, and we speak with Moray MacLennan, a senior consultant to Ping An Health on how the firm plans to compete with the likes of Baidu, Alibaba and Tencent, as well as Western entrants into the market.
Further in this edition we have an infographic on Ping An Good Doctor, delve deeper into employee benefits developments in the region, and round up recent relevant Chinese and global news.
As always, enjoy the newsletter.
Yours digitally,
Hugh Terry
The Digital Insurer
China's MedTech ecosystem
This month we examine the rise of China's digital health ecosystem, and how the convergence of MedTech applications with their digital insurance counterparts is creating new insurance products based on preventative rather than reactive healthcare.
Swiss Re China Insight
Even if digital is not yet the mainstream channel to sell, there is a key and growing role that digital plays in the customer journey.
Spotlight Articles
Moray MacLennan Interview
This month we speak to Moray MacLennan of Ping An Health on the impact of emerging technology trends in the field of health insurance.
Employee benefits in China
Employee benefits is an often overlooked segment within digital insurance. We find how Asia's leading employee benefits platform is forging a health wellness propositions with a tailored group health plan.
Infographic: Ping An Good Doctor
The runaway success of Ping An Good Doctor saw it outgrow its parent division within Ping An. We look at some of the key features and value propositions of the Ping An Good Doctor app.
Latest News
China news: Kuaibao - Datong broker agent app
Datong insurance broker has launched a new agent app in collaboration with eBaoTech.
China news: Baobei – B2B InsurTech provider from China
Babe equips brokers and insurance startups with quote generation, fulfilment and transaction capabilities.
Global News: MotionsCloud – Mobile & AI claims solution for insurers
Germany's MotionsCloud streamlines the claims process for both insurers and loss adjsuters.
Global News: Aflac partners with VUE to consolidate distribution process
Aflac, a provider of supplemental insurance in the US has deployed VUE’s distribution management suite.
Global News: Ladder Life - Redesigning life insurance purchasing process
Ladder is redesigning the life insurance purchasing process through an instant decision engine.
Global News: RiskGenius – Engine for policy automation
RiskGenius automates the process of insurance policy analysis and review for commercial brokers and agents.