Research On The Application Of Intelligent Technology In New Contract Risk Management Of Life Insurance Company

Asymmetric information risk is one of the difficult problems that perplex the insurance industry for a long time.The real health condition of customers is the main factor affecting the operating results of life insurance companies.Information asymmetry causes untrue informing and incomplete informing.However,traditional risk management methods have certain limitations in facing such risks.If not solved properly,there will be a great risk to the future profit assumption of life insurance companies.The report of the Nineteenth National Congress of the Communist Party of China points out that innovation is the first driving force for development.A series of innovations brought about by intelligent science and technology have created more value for the financial industry and made it possible to better solve the problem of asymmetric information.Intelligent technologies suitable for application in the insurance industry include:big data analysis technology,face recognition technology,image character recognition technology and voice semantic recognition technology.These technologies are gradually being applied to various operation processes of insurance companies,especially to solve traditional management problems.For example,through the application of big data technology,life insurance companies can actively obtain accurate information from hospitals,judicial,social security and other information channels under the conditions of obtaining customer authorization,which helps to make more accurate and fair verification conclusions.Insurance company is an enterprise with operational risk.The link of new contract(referring to the newly signed insurance contract)is the outpost and gathering place of life insurance company's risk.It is also the core point of company's daily operation and management.The whole process of new contract mainly includes information asymmetry risk and quality risk.Intelligent technology can break through the traditional way and bring new ideas and new methods to risk management.Through analyzing the new contract management workflow of insurance enterprises,identifying risk points,evaluating risks and using intelligent technology to carry out risk control,this paper is of great significance for insurance enterprises to prevent risks.This paper puts forward a new strategy to solve the new contract risk management problems by applying intelligent technology,and demonstrates the management objectives of reducing risks,improving efficiency and improving satisfaction by using intelligent technology.Taking the achievements of H life insurance company in the application of science and technology in recent years as an example,this paper elaborates on the specific application methods and achievements,which has practical value and reference significance.In this paper,we find two innovations of intelligent technology in new contract risk management.First,we find that asymmetric information risk is the core pain point of the industry in systematically analyzing the new contract risk of life insurance company,which directly affects the profitability of life insurance company,and even decides the future development of a life insurance company.Secondly,aiming at the new contract risk of life insurance companies,this paper explores how to properly apply intelligent technology to various work links.