Big Data Enhances Health Insurance Risk Control ——VHS CEO Zhang Zhiyun Attended The Launching Ceremony Of The 2019 Global Fintech Venture Competition And Gave A Speech
On October 12, 2019, Ms. Zhang Zhiyun, VHS CEO, was cordially invited by Tsinghua University PBCSF to attend the launching ceremony of the second Global Fintech Venture Competition . Heads of insurance technology companies such as VHS and Water Drop Company CEO, Tigerobo Technology CEO, and XUNCETECH President Etc., as the first award-winning company to speak, shared VHS risk control technology services to help the insurance industry's cutting-edge technological innovation value.
The 2019 Global Fintech Venture Competition is a high-level financial technology professional innovation and entrepreneurship competition initiated by the Institute of Financial Science and Technology of Tsinghua University as an academic director. VHS has been working hard in the first competition of last year and has been highly recognized by academic and industry experts. It was awarded the “Top 20 of the 2019 Global Fintech Venture Competition”.
The picture shows VHS CEO Ms. Zhang Zhiyun shares how "VAIHI" intelligent big data efficient enhanced health insurance
Eliminate the split between commercial insurance and medical big data, and indeed solve the pain points of the health insurance industry
China's health insurance industry was developing rapidly. In March this year, premiums have surpassed auto insurance. However, the two main pain points of the industry's lack of control and information closure have hindered the rapid development of the health insurance industry. It was imperative to link the insurance industry with health care big data.
VHS's "VAIHI" artificial intelligence health insurance cloud system has provided a one-stop air control solution for insurance companies with its leading artificial intelligence knowledge and logic map, connecting insurance industry and health medical big data for 3 years. VAIHI has helped insurance companies to improve the efficiency of health insurance underwriting business, reduce labor costs, timely conduct risk interventions, reduce risks, and effectively improve the value of health insurance.
“VAIHI” application: See hundreds of millions of claims and recover millions of losses
The “VAIHI” system now coverd more than 2,000 hospitals in 6 provinces and cities across the country, processing over 1 billion people's medical and claims data, and had a millisecond response speed; VAIHI contained dozens of core knowledge bases, such as disease diagnosis knowledge base, standardized matching insurance-clinical medical mapping knowledge base, health risk diagnosis knowledge base, medical knowledge base, etc.. There were thousands of disease diagnosis decision trees, and nearly 1 billion population health risk classification models.
At the conference, Ms. Zhang Zhiyun shared two cases of the “VAIHI” system, which attracted strong attention from entrepreneurs, investors and the media in many financial technology fields.
Underwriting data review, insight into hundreds of millions of claims
Based on the powerful intelligent data support, an insurance company’s customers that had been re-insurance accurately checked the data by “VAIHI” and found that 5-7% of the insured customers were insured with sickness, and the total amount of claims that may be involved was several hundred million yuan.
Recover millions of losses
In the process of checking the historical claims big data intelligence of an insurance company, “VAIHI” found that the 8% claim amount was abnormal, which assisted the insurance company in optimizing the claims clause for the next year, and realized product differentiated pricing and precise marketing.
After the speech, Ms. Zhang Zhiyun blessed the 2019 Global Fintech Venture Competition to a successful conclusion. Through this competition, she hoped to find the most promising entrepreneurial innovation projects in China's financial technology field to help the financial technology industry thrive. VHS would also do its best in the field of insurance technology, helping the industry to flourish!
About VHS Insurtech
VHS (Shanghai) Health Technology Co., Ltd. is an insurance technology company under the VHS Group. It is committed to providing infrastructure-level intelligent insurance risk control and business systems for the health insurance industry. Currently, it has nearly 60 intellectual property rights and one patent independently researched and developed. VAIHI Technology is a nationally recognized high-tech enterprise and has passed ISO information security certification. VHS and more than 50 insurance companies have years of value-added services and custom development cooperation; its first AI tool "VAIHI" system for the health insurance industry is also empowering dozens of insurance companies.
