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<p>The emergence of InsurTech represents the continuous integration of insurance with emerging technologies, such as Artificial Intelligence (AI), machine learning, and big data analytics. However, the influence of InsurTech innovation on insurance performance remains challenging due to the complexity of measuring innovation outputs. We utilize a fixed-effects regression model to examine how InsurTech influence the solvency performance of Chinese insurance industry using a panel dataset of 39 representative insurers China from 2016 to 2023. Furthermore, we develop the text analysis method to identify the information of InsurTech patent applications and measure the absolute and relative InsurTech R&amp;D initiatives. We utilize instrumental variable approaches and propensity score matching (PSM) to address potential endogeneity concerns. Our analysis reveals that R&amp;D initiatives of InsurTech significantly enhance insurers’ solvency performance, which is pronounced for property and joint-venture insurers, even though this positive relationship weakened following the COVID-19 pandemic. This study contributes to the literature on measuring and analyzing the impact of emerging technologies in traditional service sectors.</p>

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InsurTech Innovation and Insurance Performance: A Technology-Driven Analysis of Digital Transformation

  • 期刊论文

  • 发表日期：

    2025年12月8日

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  • Xie Yi,
  • Nurul Shahnaz Mahdzan,
  • Rozaimah Zainudin

摘要

The emergence of InsurTech represents the continuous integration of insurance with emerging technologies, such as Artificial Intelligence (AI), machine learning, and big data analytics. However, the influence of InsurTech innovation on insurance performance remains challenging due to the complexity of measuring innovation outputs. We utilize a fixed-effects regression model to examine how InsurTech influence the solvency performance of Chinese insurance industry using a panel dataset of 39 representative insurers China from 2016 to 2023. Furthermore, we develop the text analysis method to identify the information of InsurTech patent applications and measure the absolute and relative InsurTech R&D initiatives. We utilize instrumental variable approaches and propensity score matching (PSM) to address potential endogeneity concerns. Our analysis reveals that R&D initiatives of InsurTech significantly enhance insurers’ solvency performance, which is pronounced for property and joint-venture insurers, even though this positive relationship weakened following the COVID-19 pandemic. This study contributes to the literature on measuring and analyzing the impact of emerging technologies in traditional service sectors.