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While traditional insurance companies are still making a good start months in advance, Internet insurance companies are focusing on the “Double 11” and “Double 12”. On Singles’ Day in 2017, the policy volume of Zhongan Insurance, which was just listed in Hong Kong, exceeded 300 million, an increase of more than 200% compared with 2014. This means that zhongan insurance’s processing speed peaked at 32,000 policies per second on Singles’ Day.
This is a speed and magnitude unimaginable in traditional models. Under normal circumstances, the core system of small and medium-sized insurance companies can support less than 100,000 policies per day, while large and medium-sized companies can support less than one million policies per day. “Double 11” on the day to handle hundreds of millions of policy scale, equivalent to the average small and medium-sized companies more than 1,000 times.
Aliyun’s output of services is helping to play a “multiplier effect” in infrastructure construction. Since the beginning of Zhongan’s establishment, Aliyun has provided all-round technical support for Zhongan and responded to its technical service needs 24/7. Ali Cloud technical service manager, serving zhongan Insurance as the general responsible person, paying attention to business characteristics, business structure and business trend. During major traffic incidents, Aliyun provides escort for Zhongan Insurance.
Double 11 in 2017 is a new challenge for zhongan, which has just been listed. Ahead of singles’ Day, Zhongan expects a 600% increase in daily volume over weekdays and a 60% increase over 2016 singles’ Day. Based on such business expectations, Ali Cloud made an overall assessment of zhongan insurance’s MaxCompute, ECS, RDS, security and other resources, and carried out resource fragmentation and performance optimization for related instances in advance. In view of the pressure brought by business peak on policy loading and data processing, Optimization and resource provisioning are given to MaxCompute SQL tasks. To undertake the mission of the Ann technology platform, using the middleware technology and the optimization of business comb, secondary structure adjustment of key business processes, total capacity bottleneck breakthrough early to make business, at the same time business level through real-time control of traffic resources, finally put a policy data loading, data processing and the two core task processing takes no more than 20%, Ensure the smooth business.
In the future, Zhongan Insurance will also devote itself to the exploration and application of artificial intelligence, big data, cloud computing and other cutting-edge technologies, boost the informatization upgrade of the entire insurance ecosystem, and take the lead in the r&d and application of artificial intelligence and other new technologies and methods.
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