Digital Insurance Ecosystems in China
Editorial by Hugh Terry
In this month’s edition of China in Focus, in partnership with Swiss Re, we consider the rise of digital insurance ecosystems in China.
Far more than simply cross selling, ecosystems require considerable resources and expertise to implement. Companies with strong online platforms combined with advanced data mining capabilities, such as Ant Financial and Ping An, are well positioned to capitalise on the opportunities opening up in sectors from real estate to health. Find out more in this month’s China in-depth.
Further, in interview, we hear the CEO of Sinatay Life Insurance’s eCommerce department, Shi Xiong Jun’s, view on why ecosystems are being embraced in China, his approach to partnering with local InsurTechs, and how Sinatay will compete digitally in the Chinese market.
And we revisit the connected home to find how after a slow start home assistants such as Alibaba’s Tmall Genie X1 and others are creating a platform shift that could usher in a new era of IoT based ecosystem innovation.
Finally, make sure to check out this month’s infographic on WeChat, possibly the ultimate ecosystem, and read the latest round up of recent relevant Chinese and global news.
As always, enjoy the newsletter.
The Digital Insurer
Tune Insurance offers online travel insurance to customers when they book tickets.