2021 is not only the first year of the 14th Five-Year Plan period, but also a critical year for economic recovery in the post-pandemic era. The insurance industry has shown strong resilience as pandemic prevention and control have become the new normal. Beijing FinTech Institute is a new financial technology research and development institution initiated by Beijing Local Financial Supervision and Administration in 2019 in the FinTech and Professional Service Innovation Demonstration Zone, Beijing.

The Outline of 2021 China Insurance Technology Insights Report brings together the insights of senior leaders from more than 50 representative insurance entities and top insurance technology (insurtech) companies, as well as feedback from nearly 100 insurtech companies. It aims to objectively and accurately reflect the trends, dilemmas and demands of the insurtech sector in facilitating digital transformation. It also explores the industry's transformation breakthroughs and implementable action plans through detailed case studies.

The report is divided into five parts, with the first part revealing the overall trend of insurtech in helping the industry's digital transformation and the important role played by capital through the industry's understanding of the four waves of insurtech. The second part provides insights into the development of overseas insurtech in order to compare and analyze the advantages and disadvantages of development in China and abroad. The third part reveals the deep-seated reasons and common issues of the rapid development of insurtech in China. The fourth part analyzes the challenges faced in the development of China's insurtech and the overall prosperity presented as a result. The fifth part examines the development trend of insurtech in China and abroad, and gives targeted suggestions on growth.