In 2019, Alibaba reinvents healthcare thanks to a P2P insurance model which has been a huge commercial success with more than 100 million users in China.Despite commercial failures of most P2P models (B2C) attempts in Europe, Alibaba proves that P2P model
The volume of digital data is increasing by around 61 % annually. The rapidly developing techniques of predictive analytics make it possible to use this data in underwriting and pricing of insurers. These novel technologies present huge opportunities for