Insurance industry faces digital transformation

Currently, the development of China's insurance industry is subject to the combined influence of multiple forces, the prospect is bright but there is no lack of many variables.In 2016, China's insurance market size successively caught up with Germany, France, the United Kingdom and Japan, and jumped to the world's 2nd place. According to the data of "China Insurance Industry Market Outlook and Investment Planning Analysis Report" by Prospect Industry Research Institute: in 2016, the whole industry realized original insurance premium income of 3.1 trillion yuan, a year-on-year growth of 27.5%.

Future, digital transformation is the future development trend of the industry. China's insurance industry has ushered in a golden period of development, and digital transformation has become imperative. With the accelerated pace of globalization layout of China's insurance industry, it also lays the foundation for comprehensively enhancing the international pattern of insurance enterprises.

It is undeniable that insurance capital has become an important force in China's economic development. At present, China's insurance industry is facing these multiple development opportunities, and the future investment outlook is favorable.

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