Staff Reporter
, China
/Ant Group Providers like PICC, Ping An, and CPIC have already adopted this type of tech.
China-based online insurance brokerage platform, Ant Insurance, has unveiled new technology for auto insurance driven by privacy-preserving computing.
Developed in collaboration with Chinese insurers, this technology utilises Ant Group’s SecretFlow framework to deliver personalised policies and streamline operational efficiency.
ALSO READ: Allianz Partners unveils online chat for travel insurance clients
Insurance providers like PICC, Ping An, and CPIC have already adopted this technology for new energy vehicles (NEVs), with plans to extend it to conventional fuel vehicles.
This model considers both vehicle attributes and driver records, enhancing data integrity and confidentiality while reducing risks for insurers. The result is customised policies that, on average, offer savings of several hundred RMB for car owners.
Join Insurance Asia community
Since you’re here…
…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!
