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http://dx.doi.org/10.6109/jkiice.2018.22.9.1147

Introduction of InsurTech and Analysis of Re-Entry into Chinese Insurance Market for Korean Insurance Companies  

Hwang, Ki-Sik (Graduate school of International studies in Dong-A University)
Choi, Sin-Young (BK21+ International Trade Dispute Arbitration Project Group in Dong-A University)
Kim, Se-Jin (BK21+ International Trade Dispute Arbitration Project Group in Dong-A University)
Publication Information
Journal of the Korea Institute of Information and Communication Engineering / v.22, no.9, 2018 , pp. 1147-1152 More about this Journal
Abstract
In the recent, Chinese insurance market has taken a introduction of InsurTech. It is a combination of insurance and fintech. This means that the policyholder design their own insurance and take out the policy on-line without insurance planner. This trend is remarkable issue. Growth rate of InsurTech in China have significantly been growing. In addition, Chinese insurance market has kept generally stable and fast growth rate, although Chinese forecasting economic growth is subject to massive uncertainties. Nevertheless, the increase in the number of Korean insurance companies fails to settle into Chinese insurance market due to lack of awareness about newness of Chinese insurance market. Moreover, Korean insurance company in China or planning to enter are not prepared for InsurTech yet. Chinese insurance market is valuable for Korean insurance companies. This paper suggests implications of re-entry into Chinese insurance market to Korean insurance companies by analyzing policies which could make environment to endorse Chinese insurtech and case of Chinese insurtech companies.
Keywords
Insurance and IT; InsuTech; Re-entry of Korean insurance companies into China; Zhong-An Insurance; Insurance and Fintech;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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