What is the difference between Zhongan Online founded by giants such as Alibaba, Tencent and Ping An and traditional insurance companies? Why avoid the traditional auto insurance business?

Zhongan Online, now founded by giants such as Alibaba, Tencent and Ping An, is very different from traditional insurance companies. I am a financial planner. Let me answer your question at one level first. Of course, my answer is personal. I hope you can refer to:

First, Zhongan Online belongs to the online client of the insurance industry, mainly developing its own business in the network and pursuing cooperation in the network. The main customers are enterprises, individuals and groups that have developed the network, which is completely different from the traditional insurance industry.

Second, traditional insurance products are completely different from Zhongan Online in data collection, because the traditional insurance industry is based on empirical data for statistics and collation, and most traditional industries are at ease, while Internet insurance is based on relevant data, which is the current development direction of Zhongan Online.

Third, the traditional insurance industry is a fixed static development model, that is, the traditional business line development, which is a fixed development model, relying on the play of human resources.

Fourth, the insurance of Zhongan Online is completely different. Zhongan Online is an insurance company in the form of Internet, which always serves the Internet ecology and belongs to dynamic business development.

Based on the above situation, we can see that Zhongan Online is an internet-based enterprise, which is completely different from the traditional insurance company, not to mention the concept and customers, and its management is different. In addition, Zhongan Online mainly considers the following three points to avoid the traditional auto insurance business:

A. At present, we are making every effort to develop online customers and have no extra experience to maintain offline business.

B, auto insurance is more complicated. Zhongan Online avoids the traditional auto insurance business in order to seize the time to consolidate its Internet market and avoid the shackles of traditional industries.

C. Zhongan Online avoids the traditional auto insurance business, mainly because the current auto insurance business is saturated and the profit is not big, so it is not necessary to start this business.