Adaptation of the Experience of Digitalization of the Chinese Insurance Industry in Favor of the Development of Technologies of the Russian Insurance Market

Abstract

AbstractThis article mainly describes the digital trend and development status of the Chinese insurance market in the 21st century. The statistical methods are used to highlight the role of digital technology in the development of the Chinese insurance market. The result of this article is that digital technology promotes the rapid development of the Chinese insurance market, accelerates the digital trend the market more and more open. The number of the companies investing in China are growing, so the development prospects of Chinese insurance market are extremely broad. The technologies of cloud computing, big data and artificial intelligence affect the development of the digital economy. The Chinese Internet companies already have got the independent innovations in the said, which has laid the foundation for the digitalization of the Chinese insurance market, which is conducive to expanding the scale of the insurance market, accelerating the pace of the Chinese insurance company system reform, and accelerating the internationalization of the Chinese insurance industry. The parallelquel of the insurance markets development of Russia and China.KeywordsChinese insurance marketFormationDigitalizationStructural characteristicsInsurance companyInsurance industryIoTInsurance premium