ZhongAn turns to big data and AI to shape future of car insurance

Big data and artificial intelligence are at the heart of a platform announced last week by ZhongAn Online Casualty and Property Insurance, China's first internet-only insurer. "Mobile internet and digital technologies are transforming the car industry. So the car insurance industry must change as well," Wang Yu, head of car insurance at ZhongAn, said in an interview with the South China Morning Post. The platform will include companies along the car value chain and provide a one-stop shop for buyers and owners. "Imagine shopping for your car and you can take care of matters related to car purchase insurance, loans, after purchase services, investment management and usage-based car insurance (UBI) during one visit," said Wang.