China Insurance Group Signed A Comprehensive Cooperation Agreement With Alibaba Group

Recently, China Insurance Group and Alibaba Group signed a comprehensive cooperation agreement in Beijing. The two sides will carry out deep cooperation in the new insurance core system construction and other fields to accelerate the construction of "Digital China".

According to the cooperation agreement, Alibaba group's Ali cloud will build a new generation of distributed insurance core system for China Insurance Company under the China Insurance Group, helping to accelerate the transformation of China Insurance digitalization. The cooperation between the two sides at the core system level opened the precedent of digitalization innovation in the insurance industry. In addition, the amount of cooperation nearly 700 million yuan, has become the first domestic financial cloud field so far the largest single.

According to media understanding, the new fully distributed core system uses Ali cloud full set of proprietary cloud platforms, data stations, business platforms and financial technology products, and innovative introduction of financial cloud common platform. This is the first time the insurance industry has built a core system based on hybrid cloud model for the first time in history.

The whole program includes a series of production technologies and services such as "flying sky" cloud computing operation system, distributed middleware system SOFAStack, distributed database platform OceanBase, financial data intelligent platform, financial core suite bPaaS, insurance expert service, mPaaS mobile development platform, financial nail and so on. The distributed core system accelerates the process of self controlled and digitalized transformation.

Xu Bin, chairman of China Insurance Group, said that China insurance is looking forward to establishing a long-term and stable partnership with ALI. By introducing Ali's advanced technology experience, we will build a new generation of business system, realize the transformation of IT governance system and technology framework, accelerate the transformation and transformation of the group, and create a successful model for strategic cooperation between technology enterprises and financial enterprises.

At the signing ceremony, the two sides also held the unveiling ceremony of "Digital China 1000 days countdown" and invited two senior technical experts from Ali to be the "independent members" of the China Insurance and Information Technology Working Committee. They regularly participate in project planning, guidance and discussion, and make suggestions for the "Digital China".