Cennavi Assisted PICC in Digital Transformation as Big Data Empowered Insurance.


Recently, relying on the core competence of the location big data platform MineData of Cennavi as well as the digital strategy of PICC, the "PICC Compensation Platform" was established under joint efforts of Cennavi, a professional big data company under NavInfo, and PICC Property and Casualty Company Limited (PICC for short below), which represents the deep application of location big data in the field of insurance, to provide support for PICC's digital transformation. The implementation of this project marks the beginning of deepening cooperation between the two sides in the field of big data. 

Nowadays, new technologies such as big data, cloud computing and AI are developing rapidly. According to the data, digital transformation has become the inevitable trend of insurance industry development in 2019. As the founder and pioneer of the insurance industry in New China, The People's Insurance Company (Group) of China Limited has pointed out that the digital strategy is one of the important strategies for reform and development at present and even in the future. In this context, as the core and flag of The People's Insurance Company (Group) of China Limited, PICC, jointly with Cennavi, based on the mature big data technology of Cennavi, customized and developed the "PICC Compensation Platform" to meet the digital strategy and practical business demand of PICC. 

The "PICC Compensation Platform" is a comprehensive application platform of PICC with the highest degree of information integration, the highest degree of visualization of analysis results, the strongest timeliness of updating and the closest connection between data and production actions. In addition, based on 5 innovation points and 7 convenience design points, as well as the core functions of overall control, early warning and triggering management intervention, the platform can monitor and warn many links in claims settlement, help managers make scientific decisions, improve work efficiency and reduce operating costs. The platform's related GIS services and visualization ability solutions should be implemented by Cennavi. 

According to the relevant responsible person in Cennavi, as a professional big data company under NavInfo, Cennavi has a large amount of multi-source location big data, and has built an authoritative national location data warehouse. Focusing on data, algorithms and services, the company can provide enterprise-level location intelligence solutions. The company's self-developed MineData Location Big Data Platform can achieve average daily processing capacity of TB level and storage capacity of PB level, and has served hundreds of governments and enterprises throughout the country. Up to now, the company has cooperated with many related enterprises in the insurance field such as China Reinsurance (Group) Corporation, Ping An Property & Casualty Insurance Company of China and Allianz Worldwide Partners (Beijing) Co., Ltd., and has implemented many projects. 

As a large state-owned property insurance company with the large business scale and great comprehensive strength in China, PICC can transform its operation model and innovate its business model with digital technology, which is also the need of enterprise strategy and practical business. As a carrier of the big data capacity of NavInfo, Cennavi has been devoted to building the global location-based service ecology and empowering users in an all-round way. The cooperation between the two sides has injected new impetus into the implementation of the digital strategy of PICC, and it also means the continuous expansion of the application in depth and breadth of Cennavi's location big data industry. In the future, based on technologies such as big data, cloud computing and AI, the two sides will continue to carry out in-depth cooperation on location big data, to achieve innovation and breakthroughs, and provide impetus for the high-quality development of PICC. 

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