Research Of Blockchain Technology Helps Reinsurance Intelligent Transformation

Although our country's insurance industry has developed rapidly and has entered a critical period of transformation,there is still a certain gap between becoming an insurance powerhouse.The reinsurance industry is an important business component of the insurance industry with great market potential.Traditional reinsurance has major problems in risk identification and claims settlement processes,such as information asymmetry between the parties to the transaction,poor information transparency,fraud risks and management difficulties,etc.This severely restricted the healthy development of the reinsurance industry.The reform and innovation of the insurance industry has been put on the agenda.Blockchain technology is a new type of technology that has been developed in recent years.With its technical advantages such as decentralization,high credibility,and inability to be tampered with,it has attracted widespread attention from the insurance industry.The smart contract under the blockchain technology has greatly improved transaction efficiency due to its automatic execution function;the distributed ledger establishes an information sharing platform on the blockchain,which can share risk data,compensation ratios,claims records,and information is disclosed It is transparent and cannot be tampered with,which improves the security of transactions.The consensus mechanism can put all kinds of data for claim settlement and insurance on-chain for deposit,which is helpful to prevent insurance fraud.The characteristics of blockchain technology can solve the problems in the development of the reinsurance industry,help promote the intelligent transformation of reinsurance,and help form a new reinsurance ecosystem.Through in-depth research on blockchain technology and the reinsurance industry,this article points out that there is a natural fit between the two,and analyzes from the perspectives of theory and practice that blockchain technology plays a positive role in promoting the transformation and development of the reinsurance industry.The first part of the article is the introduction,introducing the research background and research significance of blockchain technology to help reinsurance intelligent transformation.Sort out and integrate relevant domestic and foreign literature to understand the current research status of blockchain and reinsurance.Explains the research methods and content of the thesis,and also points out the innovative points and shortcomings of the article.The first chapter introduces a specific case of the application of blockchain in reinsurance,"Guarantee Chain" as an example.It is a platform established by Shanghai Insurance Exchange that integrates technology and application.It uses blocks Chain technology has completed the first transaction of reinsurance and temporary distribution,laying a foundation for the innovation and development of the reinsurance industry empowered by blockchain.The second chapter is a case analysis.It analyzes the advantages of "guaranteed crosslinks",draws out the practical significance of "guarantees crosslinks",and studies the advantages of blockchain applications in reinsurance.The third chapter is to study the development status and current problems of blockchain technology to help reinsurance intelligent transformation.Blockchain is an emerging technology that has not yet reached the level of large-scale commercial use in the reinsurance industry,and some problems are still exposed.For example,blockchain technology itself carries risks and is incompatible with cross-fields of the reinsurance industry.The fourth chapter analyzes the factors that affect the intelligent transformation of reinsurance by blockchain technology.Because of the existence of these influencing factors,the problems mentioned in the third chapter appear.The last chapter and the fifth chapter are the suggestions and countermeasures of blockchain technology to facilitate the intelligent transformation of reinsurance,accelerate the commercial implementation of blockchain,and promote the transformation of the reinsurance industry.Blockchain technology can reshape the foundation of reinsurance credit and build a new ecosystem of reinsurance transactions.This article uses two methods of literature review and case analysis to expound the basic theories of blockchain technology and reinsurance industry,and further analyze the inevitability of the combination of the two.With its unique characteristics such as decentralization,reliability,and non-tamperability,blockchain technology promotes openness,transparency and security in the reinsurance business,solves the pain points in the development of the reinsurance industry,promotes the modernization process of the reinsurance market,and reshapes the insurance industry The ecological aspect has important value.