The Ascent of "Insurtech" in China

 Authored by Zhan Hao (zhanhao@anjielaw.com), Sharif Hendry(sharifhendry@anjielaw.com), Yu Dan(yudan@anjielaw.com) and Chen Jun( chenjun@anjielaw.com) at AnJie Law Firm.

ZhongAn, a Chinese insurance company selling online insurance products, is representative of a new wave of “insurtech” companies; insurers engaging with online distribution models (or tech companies foraying into insurance) that recognize the gains to be had by entering this emerging market. The China Insurance Regulatory Commission (NDRC) has been forthright in recognizing and encouraging innovation centered on new types of insurance products and online distribution on a national level, and on the back of this favorable regulatory environment, companies and investors are following suit.

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