Solvency supervision is the core of insurance supervision and a necessary element for maintaining financial stability,and InsurTech,which is mainly characterized by high efficiency and low cost,is an important means to realize the solvency improvement of insurance companies in the new era.Based on the solvency data of 56 non-life in-surance companies in China from 2016 to 2020,this article empirically examines the relationship between InsurTech and solvency of non-life insur-ance companies.The empirical results show that:the development of InsurTech can effectively promote the solvency enhancement of non-life insurance com-panies,the reason might be that InsurTech can target the pain points of the traditional insurance business to the right remedy,and drive the high level of development of non-life insurance companies so as to enhance their solvency;the threshold regression shows that InsurTech positively promotes the growth of solvency in the process of non-life insurance company solvency by the threshold convergence of the financial digitalization and the supervision costs of the adjustments;and heterogeneity analysis shows that the development of InsurTech has asymmetric effects on the solvency of non-life insurance compa-nies with different attributes,and it significantly promotes the solvency of medium asset insurance companies and those with high level of financial development in their regions,but does not signifi-cantly promote the solvency of those with a low level of financial development in their regions,and it even inhibits the solvency of foreign asset insurance companies;further studies show that the solvency enhancement effect of InsurTech on non-life insur-ance companies is reduced under the involvement of financial supervision,reflecting that there is still a certain mismatch between financial supervision and InsurTech in China.To better utilize the driving effect of InsurTech on the solvency of non-life insur-ance companies,this article suggests that the devel-opment of InsurTech should be actively promoted in the future,and resources should be appropriately tilted towards regions with lower levels of financial development.
InsurTechSolvencyFinancial SupervisionChina risk oriented solvency system
NETL
NSTL
万方数据
