The Insurance Association of China announced the selection results of the Excellent Cases for Information System Construction of Insurance Industry recently. Among various large-scale insurance information systems with high capital investment, The Sales Support Rules Engine of China Re Life was awarded the third prize by virtue of the unique concept of pre-underwriting and an investment input with high performance-price ratio. It was the only life reinsurance system received an award.
The Sales Support Rules Engine of China Re Life developed by China Re Life focuses on the underwriting engine of various express channels (such as online sales, telesales, etc.), covering insurance rules of five major products of life insurance, accident insurance, critical illness insurance, hospitalization allowance and cancer insurance which basically includes the common and multiple diseases and risks among the express sales channels, specifically including illnesses, occupations, high-risk sports and thousands of other risk assessment rules. It is the first underwriting engine information system with intellectual property copyright of software in China, which bridges the gap in the field of domestic underwriting engine and boosts the self-confidence of the ethnic reinsurance industry.
The election of the Excellent Cases for Information System Construction of Insurance Industry by the Insurance Association of China received a total of 158 cases, of which 65 cases were shortlisted. A group of information technology experts from the special committee finally selected 5 first prizes, 10 second prizes, 20 third prizes and 30 excellent awards. This award not only represents the recognition of the technical prowess of China Re Life, but also spurs us to continue our efforts to provide customers with more professional, comprehensive and caring services.
