have lost the risk sharing purpose of insurance, which is not in line with the nature of insurance, but has become a fund-raising and gambling tool for unscrupulous businessmen. Chinese insurance companies have launched many innovative insurances through online platforms, which are based on supporting actions to pay premiums and provide more convenient payment channels. At the same time, due to the implementation of the "mobile phone real-name registration system" and the application of face recognition technology, online insurance is solved.
remote authentication problem. How to be under clear regulations without stifling insurance innovation, these practices and reflections are worthy old picture restoration of Taiwan's reference. stock-photo-singapore-parlament-july-sin Photo Credit: Shutter Stock singapore parliament Singapore, which is close to Taiwan, is led by the government, which encourages financial innovation through the supervision sandbox.
For example, PolicyPal manages, integrates and simplifies personal insurance policies with a mobile app. With the core technology of facial recognition, it can speed up the confirmation of the identity of the insured, and can automatically collect various activity information of the insured, and use artificial intelligence to calculate reasonable premiums for reference. , and can even advertise "Today's Auto Insurance Discount" on the Internet to attract people to apply for insurance34 ; another example is DirectAsia ,