According to Sina Finance, on October 31, the 2019 China Financial Technology Industry Summit held by the Information and Communication Research Institute of the Ministry of Industry and Information Technology was held at the Beijing International Convention Center. Wang Min, executive deputy general manager of Zhong An Insurance, pointed out that blockchain is the path and 5G is the speed of communication. Both of them bring more space for the development of Internet insurance; the support of 5G network will reduce network delay and increase transmission capacity. This makes the blockchain network more efficient. Based on this, the trust foundation of the insurance industry information flow can realize low-cost, friction-free insurance transactions, and provide more space for the development of Internet insurance.