Ant Group’s insurance coverage arm has launched a blockchain-based digital operation platform for insurance coverage firms in China.
The Xingyun platform guarantees to assist insurers enhance operational effectivity and buyer expertise from gross sales to operations to customer support.
For instance, for insurance coverage declare settlements, the AI-powered digital software on Xingyun can determine 107 kinds of verification paperwork with an identification accuracy fee above 95%, says Ant.
Insurers may launch their digital storefronts on the Ant Insurance coverage platform by means of Xingyun to supply companies to shoppers immediately.
Over 60 companies have already adopted the Xingyun platform, says Ant.