The comprehensive opening of the Chinese financial market on April 1, 2020 attracted great attention from global financial companies. This second largest economy in the world provides a broad market space for multinational financial and insurance companies. As the main financial industry, the insurance industry plays an important role in promoting the development of the national economy. The development of the digital economy of China has given a new impetus to the development of the insurance industry, the study of its development model can give experience in building insurance markets in other countries, analyze the development characteristics and development conditions of mobile Internet insurance in the digital economy. Russian insurance companies are actively introducing digital technologies into risk management systems, using automation tools in financial management, identifying new trends and creating conditions for future growth of the industry. New directions in the development of the insurance indus