It has brought great pressure to insurance companies and employees, but it has also promoted the development of digital and intelligent transformation of the whole industry, forcing insurance companies to reduce operating costs and enhance their competitive advantages through refined management.
Future development trend of automobile insurance
1., 202 1 will be the first year of digitalization of auto insurance industry.
Judging from the current auto insurance market, 202 1 will be the year of digital transformation of insurance companies, and the premium will grow negatively. However, with the empowerment of Internet of Things, artificial intelligence, big data, cloud computing and other technologies, the penetration rate of digitalization in the field of auto insurance will enter a stage of rapid development, and the industry will gradually recover and usher in a new development momentum. According to the market judgment, the future auto insurance premium income will grow slowly, until 2025.
From the perspective of market development, online management of auto insurance business will become the top priority of enterprise layout. In the future, the insurance industry will develop from a simple IT system to the explosive stage of auto insurance technology empowerment. Through digital management, we can improve the openness and transparency of auto insurance, reduce the waste of resources in intermediate links, improve the overall development level of the industry and promote the healthy development of the industry.
2. Head enterprises will occupy obvious competitive advantages.
Under the reform of auto insurance, large insurance companies embrace digital transformation, strive to achieve refined operation, and innovate auto insurance products to meet consumers' deeper needs and services. However, small and medium-sized enterprises generally do not have a professional sales team and training system, lack sufficient capital investment in the early stage, and have a low degree of business digitalization, which will face more severe market challenges.
3. Driven by policies and technologies, UBI auto insurance model will further develop.
It is clearly pointed out in the comprehensive reform guidance that supporting the industry to explore and innovate UBI products, with the development of car networking technology, UBI auto insurance products paid by mileage or driving behavior will become an important direction for the innovation and development of enterprise auto insurance products in the future.
At present, the car networking industry has successfully developed an inertial navigation intelligent terminal with driving behavior monitoring, which helps insurance companies to build a refined pricing model based on a large number of driving data in the early stage, innovate auto insurance products, realize customer hierarchical management, control operating costs, break the deadlock of homogenization of auto insurance products, truly realize one car at one price, and finally better connect users with better products and services.