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Course Outline

Introduction to Insurtech

  • Impact on the industry
  • Winners and losers

Assessing your company's current state

Technical innovations applied to the insurance sector

  • Big Data, Blockchain, AI, Robotics, IoT, JIT, 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: Leveraging your most valuable asset

  • Fundamental concepts and applications
  • Implementing a Big Data strategy
    • Assembling the team
    • Capitalizing on assets and expanding from there

Blockchain: Utilizing the digital ledger for your organization

  • Demystifying Blockchain
  • Insights from the financial sector
  • Implementing a Blockchain strategy
    • Assembling the 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 available resources

Robotics and automation: Deploying robots to work for you

  • Automation versus Robotic Process Automation (RPA)
  • Implementing an RPA strategy
    • 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 health and status of individuals and assets
    • Assembling the team

JIT: Leveraging Just-In-Time marketing in insurance

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

Online security: Ensuring security for insurance

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

Bringing it all together

  • Rejecting "one-size-fits-all" and "all-or-nothing" approaches
  • Taking the first step

Communicating complex concepts

  • Engaging in conversations with managers and leaders
  • Engaging in conversations with technologists and data analysts

Closing remarks

Requirements

  • Familiarity with the insurance sector, including its systems and processes
  • Interest in understanding how Insurtech is reshaping the competitive landscape of the insurance industry
  • Interest in learning how to adopt new technologies and methodologies in a step-by-step manner
 14 Hours

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