China News Service, Beijing, December 5th (Liu Wenwen) Zhou Yanli, former vice chairman of the China Insurance Regulatory Commission, said at the 18th International Financial Forum (IFF) on the 5th: “We must seize the opportunities of the digital economy and accelerate In the digital transformation of the insurance industry, it is necessary to continue to regulate development, keep the bottom line of risks, and do a good job in protecting the interests of insurance consumers."
Zhou Yanli said that at present, the development of the global digital economy and the abundance of digital technologies have greatly promoted the application of financial technology, and promoted financial institutions to efficiently implement services for the real economy, prevent and control financial risks, and deepen financial supply-side structural reforms. Mission requirements.
Digital technologies such as the Internet, 5G networks, artificial intelligence, blockchain, cloud computing, big data, and the Internet of Things have promoted the transformation and upgrading of financial institutions, and they are bound to realize the transformation from finance + technology to finance + ecology.
"In general, under the new development pattern, we have reason to believe that the new generation of information technology is the driving force for the transformation of financial products and services." He said.
Zhou Yanli believes that from the perspective of development opportunities, financial institutions should accelerate the pace of digital transformation of the industry.
First of all, it is necessary to deeply explore data + new scenarios, create a new online ecology, and provide digital solutions for fine management, precise services, and optimization of traditional financial and insurance businesses.
Secondly, it is necessary to actively participate in the digital economy to realize the stable transformation and upgrading of financial services, build open, integrated, and co-created partnerships, widely serve the economy, society and people's livelihood, and continuously introduce innovative technological measures.
In addition, he puts forward three points regarding the development of Internet insurance in a standardized manner.
First, we must improve the rules of the Internet insurance industry and standardize the development of Internet insurance; second, we must play the role of multiple subjects to effectively protect the rights and interests of insurance consumers; third, we must increase the prevention of Internet financial risks to promote the healthy and stable operation of the industry.
"In short, we must not only seize the opportunities in the digital economy era and accelerate the digital transformation of the insurance industry, but at the same time we must continue to standardize development, keep the bottom line of risks, and earnestly protect the interests of insurance consumers." He said.
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