Dear Colleagues,
It is my greatest pleasure, on behalf of the Organizing Committee to welcome you to attend the Auto Insurance Innovation Congress China 2017
(IIC Auto 2017), to be held on October 19-20th, 2017, in Shanghai, China. The auto insurance premium will reached to 683.4 billion Yuan in 2016. And in the following several years, there will be an annual growth rate of 15% and till 2020, the market scale will rise to 1200 billion Yuan. However, in contrast to the high growth rate of premium, most auto insurance companies are not able to get profits. Last year, 14 of them get overall profits of 12.9 billion while the rest 41 loss 6.3 billion in all. Thus, lowering the combined cost ratio is a crucial focus for the industry players.
The commercial auto insurance premium reform in China has given auto insurers more liberty to decide their own insurance rates, which has activated the whole auto insurance market. As one of main factors influencing combined cost ratio, customer acquisition cost is still on a high level. In China, the main distribution channel of auto insurance is 4S stores, which would demand a intermediate fee high up to 30%-40% of premium. How to cut the customer acquisition cost and expand channels is fitted to the string. Now, the vehicle maintenance service is mostly provided by 4S stores. However, the high cost of automobile accessories and service, high rate of fraud and over-mending made high claims expenses. At the same time, some auto insurers are trying to build O2O platform, cooperate with assigned auto repair factory and intensify cooperation with auto dealers.
We are delighted to see the market is changing, while at the same time we have noticed we have much more to do.Therefore, the congress in Shanghai, China, will offer you a comprehensive coverage of the innovations happening around and will happen in the coming years in the auto Insurance market of China. Meanwhile, we will discuss with you on the auto insurance products innovation, customer acquisition claim cost control and customer experience improving schemes. And this two days congress will provide plenty of opportunities to meet your future partners.
I am looking forward to meeting you in Shanghai!
Best regards,
Organizing Committee of Auto Insurance Innovation Congress China 2017
08:00
08:50
09:00
Section 1:Auto Insurance Products Development & Innovation
Section 2: Customer Acquisition Breakthroughs: Channels Innovation & Cost Reduction
08:00
08:50
Section 3: Claim Cost Control Innovation in the Transformation of Automotive Aftermarket
Section 4:Customer Experience Improvements: Advanced Technologies, Tailored Services & New Strategies
Auto IIC 2017 will discuss with you on the auto insurance products innovation, customer acquisition claim cost control and customer experience improving schemes. And this two days congress will provide plenty of opportunities to meet your future partners.Contact us for more details.