Fudan University Xu Xian: There is still a long way to go to realize the application of blockchain in insurance field.

According to the International Finance News, blockchain technology is of great use to the insurance industry, affecting the efficiency and business model of insurance companies in terms of risk control, operations, and reinsurance. In fact, many insurance giants have taken steps in the world, fearing that they will be shot down on the beach by the wave of technology. However, Xu Xian, director of the Department of Risk Management and Insurance at Fudan University, said in an interview that there is still a long way to go to truly realize the application of blockchain in the insurance field. Data security, computing power, cost, and interest segmentation are all issues that need to be addressed.