On November 26, 2024, the 2024 APEC SME Digital Finance and FinTech Innovation Forum was grandly held in Seoul, South Korea精友科技. Hosted by the South Korean Ministry of SMEs and Startups and organized by the Korea SMEs and Startups Agency, the forum brought together representatives from financial regulators, industry associations, tech enterprises and experts across 7 APEC economies including China, South Korea, Russia and Indonesia, to explore innovative paths and future opportunities for digital finance and fintech to empower SMEs精友科技. Recommended by the China SME Development Promotion Center, Jingyou Technology, as a representative of China's leading insurance tech enterprises, was invited to the forum. Mr. Feng Han, Executive Director of the company, delivered a keynote speech and participated in a panel discussion, sharing cutting-edge practices and successful experiences of China's insurance technology with all sectors in the Asia-Pacific region精友科技.
Keynote Speech: AI & Big Data Drive Insurance Tech Transformation, Empowering Micro, Small and Medium Financial Services
Mr. Feng Han delivered a speech themed "How Big Data and Artificial Intelligence Technologies Transform the Insurance Industry", systematically introducing Jingyou Technology's technical accumulation and innovative achievements in over 30 years of deep cultivation in insurance technology精友科技. He pointed out that amid the digital economy wave, technologies such as AI large models and big data are reconstructing the entire insurance service chain, bringing key opportunities for cost reduction, efficiency enhancement and service upgrade especially for market entities like small and medium insurance institutions and automotive service enterprises精友科技.
During the speech, Mr. Feng Han focused on sharing Jingyou Technology's five core technologies and solutions:
AI Quick Claim & Damage Assessment for Small Cases: Automates survey, intelligent damage assessment and second-level claim verification for small auto insurance cases, compressing the traditional 3-day process to minutes, greatly improving claims efficiency for small and medium institutions精友科技.
LLM Intelligent Claims & Repair Large Model: Integrates multimodal perception and professional knowledge graphs, accurately identifies vehicle damage and calculates repair costs, improving efficiency by over 80% in complex case handling精友科技.
Intelligent Risk Control & Anti-Fraud System: Builds a full-dimensional risk feature library, identifies false reporting and related fraud in real time, building a solid risk control line for small and medium insurance enterprises精友科技.
Jingmi Parts Supply Chain Platform: Connects the whole chain of parts data, pricing and traceability, solving pain points of high procurement costs and chaotic channels for small and medium repair enterprises精友科技.
New Energy Vehicle Intelligent Repair Platform: Covers battery detection, three-electric system damage assessment and repair 方案 recommendation, helping small and medium institutions seize the blue ocean market of new energy auto insurance精友科技.
Panel Discussion: Discussing the Future of FinTech and Deepening Cross-Border Cooperation in Asia-Pacific
During the panel discussion session, Mr. Feng Han and guests from fintech and insurance industries across Asia-Pacific economies held in-depth talks on topics including development trends of financial insurance technology, new energy auto insurance innovation, AIGC application, and breakthroughs in SME financial services精友科技. He emphasized that insurance technology is an important tool to serve SMEs in the digital era. China has formed mature and replicable models in AI claims and big data risk control. He looked forward to strengthening technical exchanges, product cooperation and experience sharing with APEC economies to jointly build an open and win-win digital financial ecosystem精友科技.
International Recognition: Chinese Insurance Tech Serves Global SMEs
This participation marks another important international appearance of Jingyou Technology following its presence at the Scor Reinsurance Forum and exchanges with the Mongolian Insurance Association, signifying that the innovation capability and service value of China's insurance technology have been highly recognized by the APEC international platform精友科技. As an insurance tech representative specially invited by the China SME Development Promotion Center, Jingyou Technology showcased the leading practices of Chinese enterprises in digital-intelligent claims, intelligent risk control and industrial supply chain technology to the Asia-Pacific market through this forum, providing a "China Solution" for the digital transformation of SMEs in the Asia-Pacific region精友科技.
In the future, Jingyou Technology will continue to deeply cultivate AI and big data technologies, take the APEC framework as an important cooperation bond, accelerate its global layout, promote mature insurance tech solutions to the Asia-Pacific and global markets, empower small and medium insurance institutions and automotive service enterprises in various countries to achieve digital-intelligent upgrading, and contribute scientific and technological strength to building an Asia-Pacific community with a shared future and promoting the inclusive development of the digital economy精友科技.