A Study on the Application of InsurTech in Auto Insurance Risk Control

Abstract

With the development of new energy vehicles (NEVs) and intelligent connected vehicles (ICVs), traditional auto insurance faces a dilemma where “vehicle owners pay too much, and insurers lose money.” InsurTech, through technologies like cloud computing, big data, IoT, and AI, constructs a four-dimensional data system of “;human-vehicle-road-environment” to enable precise risk assessment, intelligent claims processing, and proactive risk intervention. Blockchain and privacy-preserving computation technologies address data credibility and privacy issues. The UBI model achieves a precise match between risk and premiums, while the Internet of Vehicles (IoV) and AI are driving the transformation of auto insurance from “post-event compensation” to “realtime risk intervention.” In the future, the deep integration of 5G+IoV and blockchain technology will promote the development of auto insurance risk control towards multi-dimensional and dynamic models, forming an ecosystem of shared responsibility among “automakers-insurers-tech companies” to achieve a win-win situation for all parties.