Research On The Innovation Of ZA Insurance Company's Standardized Products

The rise of Internet technology,overturned the traditional insurance industry,the rise of a wave of Internet insurance industry tide.However,through the development of the last decade,we found that there are still some problems restricting the development of Internet insurance.With the emergence of blockchain technology,the smart contract,which arose in the 1990 s,has been further developed.Now the application of blockchain smart contract technology has gradually penetrated into the financial field.Replacing the traditional paper contract with smart contract can greatly reduce the labor cost and calculation cost in contract making,control protocol and execution efficiency,gradually by the insurance industry,the industry's attention.ZA Company is the first group of Internet insurance companies in China,has been committed to the development of Internet technology insurance,to fill the traditional insurance did not cover the gap in the field.However,the existing Internet technology also has some technical shortcomings,such as information leakage,information can be modified and other issues.This article aims to explore how to use blockchain smart contract technology to design and innovate standardized insurance products.Firstly,the paper summarizes the concepts of block chain smart contract technology and standardized insurance products,and then summarizes their advantages and disadvantages.Then rearrange the relationship between them,find out the point of embedding the smart contract under the block chain technology into the insurance application scenario of ZA company on the basis of theory,by analyzing the status quo of the application of block chain smart contract technology in the insurance industry at home and abroad and the problems encountered in the application,this paper puts forward the Innovation Direction that ZA company can carry out with the help of block chain smart contract technology,building the model of smart contract in insurance application.Finally,based on the block chain smart contract technology,a new type of standardized insurance product —— Marriage insurance is proposed,and the visual studio code + Evm Virtual Machine Development and compilation environment is developed,part of the function of "Marriage Insurance" smart contract is realized with the language of solidity.