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Course Outline

Introduction to Insurtech

  • Industry impact analysis
  • Winners and losers in the digital age

Evaluating your company's current position

Technological innovations applied to the insurance sector

  • Big Data, Blockchain, AI, Robotics, IoT, JIT, and Security

Mapping your company's current state and defining your target position six months from now

Case study and exercise:

  • Conducting a readiness assessment

Big Data: Maximizing the value of your most significant asset

  • Core concepts and practical applications
  • Developing a Big Data strategy
    • Assembling the right team
    • Leveraging existing assets to build upon

Blockchain: Utilizing the digital ledger for organizational benefit

  • Demystifying Blockchain technology
  • Key lessons from the financial sector
  • Executing a Blockchain strategy
    • Assembling the right team
    • Mapping your transactions to the blockchain

AI: Introduction to artificial intelligence

  • Machine learning, natural language processing (text and speech), computer vision, and robotics
  • The role of corporate and open-source contributions to AI research and development
  • Accessing and utilizing available resources

Robotics and automation: Deploying robots to support your workforce

  • Differentiating between Automation and Robotic Process Automation (RPA)
  • Implementing an RPA strategy
    • Evaluating outsourcing versus in-house development

IoT: Developing new business models based on IoT-enabled platforms and ecosystems

  • Five ways IoT will transform the insurance industry
  • Redesigning insurance policies to reflect the real-time health and condition of individuals and assets
    • Assembling the right team

JIT: Leveraging Just-In-Time marketing within insurance

  • Key lessons from the manufacturing sector applied to creative services
  • Implementing the processes and tools necessary for JIT
    • Assembling the right team

Online security: Enhancing security for insurance operations

  • Revisiting traditional definitions of cyber-security
  • Implementing a compliance plan and training business leaders
    • Assembling the right team

Synthesizing all elements

  • Avoiding "one-size-fits-all" solutions and "all-or-nothing" approaches
  • Taking the initial steps

Communicating complex concepts

  • Engaging in conversations with managers and leaders
  • Engaging in conversations with technical experts and data analysts

Closing remarks

Requirements

  • Familiarity with the insurance sector, including its systems and operational processes
  • A strong interest in understanding how Insurtech is reshaping the competitive dynamics of the insurance industry
  • A desire to learn how to systematically adopt new technologies and methodologies
 14 Hours

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