Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 2023 International Conference on Management Research and Economic Development

Series Vol. 19 , 13 September 2023


Open Access | Article

Research on Digital Transformation in the Insurance Industry

Wenxiao Wang * 1
1 Shandong Technology and Business University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 19, 100-106
Published 13 September 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Wenxiao Wang. Research on Digital Transformation in the Insurance Industry. AEMPS (2023) Vol. 19: 100-106. DOI: 10.54254/2754-1169/19/20230124.

Abstract

In recent years, the global digital economy has flourished, and the industry disruption and opportunities brought by digital technology innovation have made digital transformation a common strategic choice for all countries. If the application of new technologies in the insurance industry in the past mainly focused on the cloudization of the underlying IT infrastructure and the Internetization of the upper layer of insurance sales, the digital transformation of the insurance industry today focuses more on the application of new technologies such as big data, artificial intelligence, and the Internet of Things to promote the innovation of insurance products and the optimization of business processes. Through the analysis of the traditional insurance industry and the different demands brought by different times, this paper intends to explore the way forward for the insurance industry in the era of digital economy, where digital transformation has become an inevitable trend in the development of China's insurance industry.

Keywords

insurance, digital transformation, digital economy

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2023 International Conference on Management Research and Economic Development
ISBN (Print)
978-1-915371-81-2
ISBN (Online)
978-1-915371-82-9
Published Date
13 September 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/19/20230124
Copyright
13 September 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated