CEO, ZhongAn On­line P&C In­sur­ance

Digital Insurance - - THE INNOVATORS -

Launched in 2015, ZhongAn has quickly as­serted it­self as a leader in ap­ply­ing dig­i­tal solutions to in­sur­ance in the mas­sive China mar­ket. Chen stew­arded his com­pany to a $1.5 bil­lion IPO in late 2017, and the com­pany is on track to shat­ter its pre­vi­ous high in auto in­sur­ance pre­mi­ums this year. Chen cites the com­pany's heavy in­vest­ment in big data and AI as the rea­son for its growth. In late 2016, Chen launched ZhongAn Tech­nol­ogy to serve as an in­surtech in­cu­ba­tor within the com­pany. That di­vi­sion has im­ple­mented sev­eral blockchain projects, in­clud­ing one for agri­cul­ture in­sur­ance that will mon­i­tor the life­cy­cle of chick­ens in rural China.

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