The reference meaning of cloud computing to mutual insurance

The information construction of insurance industry usually focuses on the use of cloud computing network and technology to carry out insurance business, but not pay attention to the concept of cloud computing itself for the insurance industry reference. In this paper, we use mutual insurance to learn from the new model of cloud computing concept, which can be used to maximize the benefits of the network and technology of cloud computing only on the basis of this new mutual insurance model.

Cloud computing is a vast collection of computing tasks scattered over the Internet, offering and renting "computational power" like water and electricity on demand, making it efficient and inexpensive. Mutual insurance is by the insured set up mutual insurance companies and other organizations, pay premiums to form a fund, compensation costs from the Fund, equivalent to their own insurance, the insurer and the insured together as a whole. The two seem to have a lot in common, and there is a basis for reference. So what should mutual insurance learn from the cloud?

One, cloud computing users are the more the more. The more users there is, the more data the cloud can share, and the higher the value, and the cost of sharing costs and low costs for many users. Therefore, mutual insurance insurers should also progressively expand the total fund, to relax the eligibility conditions, not only to keep the insurer and the insured as one, the interests of the same low risk, low premiums, but also to maximize the external channels to raise capital, improve capital gains and claims solvency.

Second, the task of cloud computing is diverse, but to a public virtualization platform to meet the needs of many users, can be reasonable and efficient allocation of resources to avoid waste. Therefore, the insurance categories of mutual insurance should be diversified as far as possible, cover to the brand new insurance, you can even design a "general insurance" or "indefinite" insurance: a sufficient amount of insurance premiums, can be counted as personal insurance, but also can be counted as property insurance, but also as a contract for other types of insurance. To buy such a general insurance can be said to be the most insurance, pay only one premium, regardless of the loss of any one is compensated; to buy an insurance is to buy all the insurance and the same money as several money. Although premiums may be slightly higher, they are still cost-effective for the insured with multiple insurance requirements. Insurance companies will also be profitable, by actuarial calculations, because of the general insurance Chuxian, which are still less than the full premium, or attract more people to insure against the benefits of such general insurance, with more than a per capita premium higher than the insured premium. Even if the general insurance Chuxian to compensate for not less than the premium, according to the head overcharged premiums are not higher than the subject of insurance premiums, but the insurance company in order to attract more premiums in a certain period of investment profits, can be tested general insurance.

This kind of general insurance is equivalent to the public platform of cloud computing, it puts the insured's premium to the extreme, avoiding the repeated payment of the different insurance premiums, which is actually a waste of the insured.

Third, cloud computing has a professional technical team to develop and maintain, update and upgrade a variety of software and hardware to make cloud computing more powerful, but also because of a professional technical team to protect the storage of data, so that cloud computing security is higher. Therefore, mutual insurance companies can also hire professional management company funds to improve the market competitiveness with traditional insurance companies, and because mutual insurance is not to profit as the fundamental purpose, retaining a deep mutual aid tradition, market pressure is lighter, market risk is low, still without losing its security.

In this way, the mutual insurance of cloud computing can be used to achieve the goal of high efficiency, convenience and low cost, just like cloud computing. As the mutual insurance industry grows, as more and more and more and more dispersed, the need for self-help business, but also the need for professional help, mutual insurance will be more dependent on cloud computing than traditional insurance; In particular, mutual insurance companies to test bold ahead of the general insurance, it is necessary to rely more on cloud computing to actuarial, Handle larger amounts of data and make more complex predictions and decisions. The network and technology of cloud computing will get a huge place in the Mutual insurance field.