NTT DATA presents Open Innovation Contest 10.0CHALLENGES

  • SZX-2-043
  • MUC-2-050

Services and solutions for AI-driven insurance business

In China, regulations for investment by foreign major enterprises have been eased in the fields of insurance products intended for asset management and personal insurance products/services. As such, the insurance industry is expected to have more space to expand.

The form of AI technology applied to insurance business is called Insurtech. It has been applied to product planning, back-office tasks, sales channels, and other various sorts of work in the insurance business. It also has been in wide use to provide various sorts of products, such as telematics insurance products. With online insurance companies based on emerging technologies being set up and insurance-dedicated IT companies being established as subsidiaries of large insurance companies, technological competition is getting severe in the market. Amidst this environment, we are calling for technologies, ideas, and solutions that are required to enter the insurance-dedicated IT market in China.