Beijing Insurtech, English name: Beijing Association of Insurtech (BAI), was established in September 2019. It is initiated by the Beijing Local Financial Supervision and Administration Bureau and organized by relevant units in Jinke New District and insurance technology-related enterprises. Guidance, members are composed of representatives of experts and scholars from insurance companies, insurtech companies, regulators and academia.

(On August 16, 2019, Comrade Li Yan, Deputy Director of the Municipal Financial Supervision Bureau, presided over the Beijing Insurtech Symposium, and listened to the opinions and suggestions of relevant regulatory authorities, industry associations, experts and scholars, and industry organizations in the field of insurance technology. The participating units of the Science and Technology reached a consensus.)

Based on Beijing's "Jinke New District", the InsurTech leads new technologies to innovate financial supervision, improve financial services, and prevent financial risks, and strive to become a global model for industrial upgrading and urban transformation. It is a historical site that has made new contributions to the transformation and development of cities in the core area; at the same time, combined with the top-level design of the 2019-2021 plan of the People’s Bank of China’s financial technology, member units will start from the perspective of “grounding, multi-link, and heavy output”. Brainstorming, through industry questionnaires, conference exchanges and discussions, on-site research, etc., to effectively promote the effective operation of the market-oriented mechanism of the insurance technology, fully reflecting the authority, innovation and practicality of the.

(Participants: Municipal Financial Supervision Bureau, People's Bank of China Operation and Management Department, Beijing Banking and Insurance Regulatory Bureau, Zhongguancun Administrative Committee, China Insurance Association, Central University of Finance and Economics, Zhongguancun Angel Investment, PICC, China Life, Xinmei Life Insurance , Zhongguancun Development Group, JD Digital, Ant Financial, Tencent Group, Aibao Technology, etc.).