Insurancebox is a Shanghai-based InsurTech that has a range of niche and on-demand insurance products. Through partnering with several third party internet portals, Insurancebox is providing tailored insurance products and services to consumers through data analytics.
Although Insurancebox’s big data mining and underwriting architecture has been developed as open source software, it also boasts several security mechanisms to monitor and authorise legitimate transactions.
Currently, Insurancebox is in the process of establishing nationwide subsidiaries including: i) Cloud Box, ii) Agricultural-Insurance box, iii) Tubao Box, iv) Risk-Control Box and v) Jibao Box. Each of these is dedicated to providing tailored insurance products for a given risk, from cyber-security to crop insurance to Jibao insurance. Insurancebox has established strategic cooperation with more than 60 insurance companies and 40 internet companies such as Yibaojihua and 51ganjie.
Insurance Box core competencies include:
- Internet insurance solutions for internet companies and traditional enterprises (customised products embedded into partner platforms).
- Insurance-related development technology services.
- Insurance-related content services (products, operations consulting and operations services).
- Big data mining software (supporting the customization insurance products).