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Insurance agents equiped with new tools to realize policy issue in real time in China

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11 October 2010
Wenli Yuan
Ping An insurance company in China produced e-policy for new insurance application from Oct.1st 2010. Now insurance agents from Ping An insurance company could do bunisness in a brand-new way: -generate insurance proposal on laptop computer; -discuss with customer and make adjustments, send the final proposal to headquarter by wireless network for underwriting; -receive short message about underwriting result in about 1 minute later; -customer pay premium by useing mobile POS device (insurance sales agents bring mobile POS device); -e-policy go effective; customers are able to check their policy information from Ping An website; This kind of technology platform is innovative in China. Many insurance companies like to follow Ping An model, we can expect more insurance companies will adopt e-policy in new business, and streamline the sales process to be more efficient.

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