ASIA-PACIFIC
179 reduce the premium for the company ’ s customers , as overhead costs will be reduced . On top of this , the firm is also tapping into other emerging technologies like blockchain and usage-based insurance ( UBI ) to stay ahead of the curve .
Sunshine Insurance Group has already proven itself to be a pioneer of new technology although interestingly , the firm is also exploring new sectors and avenues for disruption . Take for example its latest foray into the healthcare sector with the company ’ s own hospital .
Situated in Weifang City in east China ’ s Shandong province , Sunshine Union Hospital stands as the country ’ s first hospital founded by an insurance group . Additionally , in its short history , it has also passed the highest standard of international medical services and management ( the Joint Commission International Accreditation Standards for Hospitals , 6th edition ).
“ With our hospital , I believe we tried to achieve two things : firstly , we tried to figure out how to combine insurance with medical treatment .
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