GBase Showcases at Sinosoft Life and Property Insurance Tech Forums
From August 17-19 and August 24-26, 2022, the China Life Insurance and Property Insurance Technology Application Summit, hosted by Sinosoft Technology Co., Ltd. under the theme "Digital Insurance, Technology-Driven," was successfully held at Gubei Water Town, Beijing. As the insurance industry's premier dual-event, it gathered over 700 participants, including company executives, IT leaders, and senior insurance technology experts. To meet pandemic prevention requirements and expand the event's reach, the forum was simultaneously broadcast on a cloud platform, enabling joint exploration of new opportunities in insurance technology. GBase was invited to participate in both summits, showcasing its core database products.
As a new wave of technological revolution and industrial transformation gains momentum, the digitalization of the insurance sector is accelerating. Next-generation information technologies—such as artificial intelligence, big data, cloud computing, and the Internet of Things—are rapidly being adopted and integrated across numerous scenarios, giving rise to new business models and reshaping the ecosystem and competitive landscape of the insurance industry through digital interaction.
During the events, GBase showcased its distributed analytical data management system GBase 8a, shared-storage database cluster GBase 8s, and multi-model distributed database GBase 8c, along with several successful insurance industry case studies and proven solutions.
In the exhibition and networking area, Wu Gang, Head of GBase's Financial Industry Department, engaged in in-depth discussions with Xie Zhongyang, Executive Senior Vice President of Sinosoft Technology, regarding the achievements of GBase databases in driving digital transformation within the insurance sector.
As a leading provider with two decades of deep expertise in the database field and fully independent, controllable core technologies, GBase remains dedicated to database product R&D and technological innovation. Its GBase series database products have been continuously serving the National Financial Regulatory Administration, PICC Property and Casualty, PICC Life Insurance, China Reinsurance Group, Sunshine Insurance Group, and other regulatory bodies and enterprises.
Jointly developed by GBase and Sinosoft, the Sinosoft Credit Insurance Core Business Management System is a business management platform built on a design philosophy of customer-centricity, business as the intelligent core, and risk control as the centerpiece, based on real-world business processes. This system offers a new approach to designing insurance company information management systems. Leveraging the high security, reliability, and ease of use of GBase databases, it safeguards data security for insurance business systems within an IT application innovation environment, achieving efficient governance across the entire business data lifecycle.
Driven by both policy guidance and industry development, the financial sector's digital transformation is entering a critical phase. New business models and scenarios pose fresh challenges for databases in terms of availability, latency, mixed workloads, and cost-effectiveness. Moving forward, GBase will continue to uphold its mission of "becoming the most trusted database product provider for our users," fulfilling its commitment to empowering industrial digital and intelligent transformation, and enabling customers to upgrade and reshape their digital value chains.