Analysis and Improvement Research of Home Property Insurance Under the Trend of Smart Home

Abstract

Although home insurance is one of the earliest property insurance types in China, its development has been unsatisfactory. At present, the coverage rate of household insurance in China is less than 10%, accounting for less than 1% of the total premium of property insurance. Therefore, the research topic of this paper is the analysis and improvement research of home property insurance under the trend of smart homes. The main contents of the study are as follows. Home property insurance products and existing problems under the condition of existing insurance technology- the form of services about insurance is singular and less attractive than the insurance. The second is to introduce a new product and it can improve the present situation in these aspects- the probability of property loss and the number of property losses will be reduced and moral hazard decreases. The final part is the analysis of the way that the new product solves the problem- customization of underwriting content and intelligent loss settlement.