Insurance Big Data platform "China guarantee letter" will be listed

A large insurance information platform including life insurance, insurance, health insurance and other kinds of underwriting claims information is gradually forming.

It is reported that the information platform tentatively called "China Insurance Information Technology Management Limited Liability company", referred to as "Sino-Insurance Letter", registered capital of 2 billion yuan, to be transferred from the Insurance Guarantee Fund.

"In accordance with the work arrangements of the CIRC, June 30 completed the implementation of the national nature of the industry insurance information centralized platform system." Now cleared and handed over. In the near future, the letter of guarantee will be officially listed. July 28, the Chinese Insurance Industry association insiders told the reporter disclosed.

The idea of large data platform

According to the above people, according to the established plan of the letter of Guarantee, is the first from the Chinese Insurance Industry Association to take over the national car insurance information platform, and further "acquisition" of the remaining 13 provincial local trade associations independent operation of the vehicle insurance information platform.

But taking over the insurance platform is only the first step, the CIRC's goal is to establish a all-inclusive data platform to expand the scope of the platform to non insurance, life insurance and even health insurance information platform areas. The current vehicle insurance data platform is still in normal operation, handover work does not affect the use of data.

The choice of auto insurance platform as the first step of the platform is due to the vehicle insurance information platform has been quite large. From 2006 onwards, the insurance company, led by the industry association, has been setting up the vehicle insurance information platform for cost-sharing. At present, the National car insurance data platform includes more than 20 provincial insurance business data, another 13 provinces to establish an independent vehicle insurance information platform.

Insurance Industry Information platform Construction, insurance has been brewing for at least two years. 2011, the China Insurance Industry Association has been to rely on the car insurance concentration platform to set up a security industry information company, and gradually set up the national industry information platform, and the establishment of a non-profit "Data Co., Ltd." to the industry for advice. "Data" is modelled after China UnionPay and its affiliated UnionPay Data Services Limited, which means "insurance union".

"At that time to take the insurance company to subscribe the way, the preparation plan, the Enterprise Charter is very detailed, many companies paid a stake in the fund, but ultimately nothing, the stake in the funds are back." Industry insiders say. Mainly because several large companies occupy more than 60% of the national car insurance business share, the data to the whole industry to open the query is the most unfavorable, so the voice of the larger opposition. One of the "RPCR" has also been abandoned for use by existing companies.

It is not clear how the letter will regulate the use of information platform, whether the letter will follow the example of UnionPay, such as whether the consumer can be achieved in any of the company's outlets to complete insurance claims, is still unknown.

Insurance Industry Association A person said, after the establishment of platform companies, to consider how to better provide services. UnionPay payment is only a channel of bank payment, to some extent, it is a kind of auxiliary system, and the vehicle insurance information platform is related to the insurance of hundreds of millions of business of the insurance company, and its responsibility is more important.

Location dispute and local resistance

In the era of information-king, data concentration brings great imagination space. Industry insiders affirmed the enthusiasm of the industry information platform, that information sharing platform is not only conducive to reducing false compensation cases, improve underwriting quality, for the promotion of industry information level, promote the healthy development of the industry also has strategic significance.

But many details of the landing still need to be considered. The first is how to connect the local information platform. Local information platform mainly by the local insurance industry association led the establishment, the system early construction cost a lot of manpower, material resources, especially in some platform building already very perfect place, the power of handing over platform data is insufficient.

Moreover, in the establishment of local vehicle insurance information platform, mainly rely on insurance companies, usually take the form of charging information platform to maintain the platform operation. At present, insurance companies to cover insurance business, more need to log on the vehicle insurance platform for information inquiries, comparison and confirmation, before issuing policy. A small and medium-sized insurance company each year's information platform to use the cost of millions of dollars. When handing over the platform, these resources are assessed and distributed, and the local platform operation and maintenance personnel should be considered.

"In many forums, the local views are relatively large." So next, I'm afraid I'll have to talk to the door. Circ documents have been issued, must be carried out, to see how each of the liquidation. said the association.

Second, the insurance, life insurance, health insurance, such as data platform, has been led by the industry association to do. After the change of management subject, the role of the association is replaced by the letter of guarantee. "The Association is a non-profit organization, is the new company for profit purposes?" ”

Although the company has the background of regulatory agencies, but from the attribute of the insurance institutions with the equal legal entity, "What is the future positioning?" Bad service insurance companies can not cooperate? "Some doubt.

Data security is another focus. A company owner worried that all the company's information on a platform, the platform company how to ensure data security. In fact, prior to a large insurance company through the car insurance platform system to capture the industry data, and then the platform has to stipulate that the company inquires not more than its own business volume of 3 times times.

A software development company department Head said, theoretically can use technical means to set up, for example, can be set through the background to limit the number of queries, query scope, but the dataset not only involves technical issues, but also involves management issues.

Some people believe that insurance is a standardized, process, can be batch processing system. Other non-auto insurance, such as Project Insurance, a project is the same, the data may be difficult to unify and use.

The industry has a different view of the insurance fund. Some people have questioned that the insurance fund is mainly used for insurance companies to have a major risk, may endanger the public interest of the emergency, use does not include the establishment of platform companies. Some people think that the insurance fund is mainly paid by insurance companies, information platform data will be used by the industry companies, and nothing wrong.

(Our correspondent Zhao has an important contribution to this article.

(Responsible editor: Lu Guang)