Deepening the exploration of digital intelligence, empowering the future of insurance - The Second Insurance Technology and Digital Intelligence Conference was grandly held

In this year's government work report, it was pointed out that "deepening the research and development application of big data, artificial intelligence, etc., launching the 'AI +' action, and building a digital industry cluster with international competitiveness." The insurance industry, as one of the best fields for big data and artificial intelligence applications, has seen related technologies continuously extending to areas such as intelligent sales, intelligent services, and intelligent management. To further promote the high-quality development of the insurance industry, the State Council issued the "Several Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of the Insurance Industry" on September 11, requiring to "enhance the sustainable development capability of the insurance industry" and emphasizing "raising the level of digital intelligence. Accelerate digital transformation, increase resource input, enhance operational and management efficiency. Encourage the use of technologies such as artificial intelligence and big data to improve marketing services, risk management, and investment management."

On October 27, the "Second (2024) Insurance Technology and Digital Intelligence Conference" jointly organized by the China Insurance Association, the People's Government of Tongzhou District, Beijing, the China Insurance and Pension Finance Research Center of Tsinghua University PBC School of Finance, Beijing Institute of Financial Technology, and SUNSHINE INS Group was grandly held at Beijing Sunshine Financial City. Leaders such as Zheng Hao, Deputy Secretary of the Tongzhou District Committee of Beijing, Zhang Ying, Deputy Director of the Office of the Financial Committee of the Beijing Municipal Committee of the Communist Party of China and Deputy Director of the Beijing Local Financial Supervision Bureau, Wang He, President of the China Actuarial Association, and Gong Minghua, Deputy Secretary of the Party Committee and Vice President of the China Insurance Association, attended the conference. The conference also attracted more than 350 executives, experts, and scholars from 173 insurance companies, insurance technology companies, higher education institutions, think tanks, etc., to discuss the theme of "enhancing the level of digital intelligence in insurance and strengthening the industry's sustainable development capability," aiming to explore the practical applications of big data and artificial intelligence in the insurance field, grasp new technological trends, innovate business models, and create a brand new future.

According to Li Ke, Executive Director, Co-CEO, and President of SUNSHINE INS Group, who shared at the opening ceremony, at the first Insurance Technology and Digital Intelligence Conference last year, SUNSHINE INS initiated the preparation of the "Insurance Technology and Digital Innovation Alliance," which quickly became an industry platform to promote the integration of data intelligence technology in the insurance industry and promote innovative development through the new model of "production, study, research, application, and investment," leading to the landing of more than 10 cooperation projects. Li Ke stated that the new ten regulations for the insurance industry clearly require the improvement of the digital level of the insurance industry and the acceleration of digital transformation. SUNSHINE INS deeply feels the central government's attention and expectations for financial technology and will strive to do well in the two major aspects of science and technology finance and digital finance, using technological strength to promote the high-quality development of the industry and contribute to the construction of a financial powerhouse.

Zheng Hao, Deputy Secretary of the Tongzhou District Committee of Beijing and District Mayor, mentioned in his speech at the scene, "With the arrival of the digital era, the digital transformation of the insurance industry is also accelerating, releasing significant efficiency in areas such as strengthening risk management capabilities in business product innovation." In recent years, the rapid development of the financial industry in the sub-center has become an important engine for the high-quality development of the sub-center, and a diverse financial industry ecosystem is accelerating its formation; Sunlight Digital, Zhongguancun Kejin and other financial technology companies have been successively introduced, continuously strengthening financial technology support, and a batch of financial innovation achievements and characteristic application scenarios in the capital are gradually being implemented. In the future, the sub-center will continue to optimize the business environment, strengthen the aggregation and sharing of innovative application scenarios, ecosystem docking, and work hand in hand with enterprises to create a better future."

Former Vice Chairman of the China Banking and Insurance Regulatory Commission, Zhou Yanli, delivered a speech, stating: "With the release of the 'New Ten Measures', the digitization and intelligent application of the insurance industry will become a key driving force for industry innovation and development. Through technological means, insurance companies can not only improve the accuracy of marketing services, but also play a greater role in risk management, investment management, and promote comprehensive improvement in the operational efficiency of the insurance industry, laying a solid foundation for promoting high-quality development of the insurance industry."

Wang He, President of the China Actuarial Association, pointed out in his speech at the scene: "The biggest changes that technology brings to insurance are 'three more': more thorough perception, more comprehensive interconnection, and more in-depth intelligence. The insurance industry needs to better utilize the platform of the Insurance Technology and Data Intelligence Conference to promote technological innovation and transformation in the industry, fully understand the industry's mission and responsibilities, unleash the imagination and creativity of technological innovation, and jointly create a better future for insurance."

Gong Minghua, Deputy Secretary of the Party Committee and Vice President of the China Insurance Association, mentioned in his speech at the scene: "The application of insurance technology and data intelligence has become a very eye-catching landscape in the insurance industry, bringing profound changes in promoting insurance product innovation, expanding insurance marketing channels, enhancing the internal management and risk control level of insurance companies, and promoting inclusive development of insurance. The insurance academic community will explore innovation together with the industry, make joint efforts to answer questions, and promote the high-level development of the insurance industry."

At the conference, the "White Paper on Empowering the Insurance Industry with Deep Technology of Large Models (2024)", jointly researched and written by Sunlight Insurance Group, Tsinghua University PBC School of Finance, China Insurance Association, and iFlytek Co., Ltd., was officially released.

The "White Paper" summarizes the progress of large model technology in China and abroad in the past year and its application progress in the insurance industry. It combines Sunlight Insurance's practical experience to provide a detailed introduction to the path of large model technology implementation, core technologies, and experience accumulated during the implementation process, offering practical landing guidelines and practice suggestions for the industry, contributing valuable references to the development of insurance technology.

In the keynote speech session of the conference, executives from insurance and technology companies, industry experts analyzed the development status of intelligentization in the insurance industry from multiple different dimensions, discussed the future development path, and dedicated themselves to empowering industry value and strengthening business development with wisdom.

Looking ahead, based on the platform of the Insurance Technology and Data Intelligence Conference, the insurance industry will continue to promote the intelligent innovation and development of insurance technology, strive to write "five major articles", fully promote the high-quality development of finance, and contribute to the construction of a strong financial country