Regulatory Approach to Fintech in Insurance Applications

Regulatory Approach to Fintech in Insurance Applications

As digital transformation accelerates, insurers are increasingly leveraging big data and AI to optimize service delivery. Regulators emphasize that technology adoption must adhere to compliance standards, ensuring data security and user privacy, while driving the industry's shift from efficiency-focused operations to a balanced approach that prioritizes fairness and safety.

• Strengthen data governance and standardize the boundaries for data collection and usage.
• Refine the algorithm filing mechanism to enhance technical transparency.
• Establish a risk warning system to prevent systemic hazards.

The current regulatory framework balances innovation incentives with risk control, guiding institutions to leverage technology capabilities as a robust service foundation. All specific business activities must strictly comply with applicable laws and regulations, adhere to insurance contract terms, and do not constitute any underwriting advice.