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Course Outline

Introduction to Insurtech

  • Impact on the insurance industry
  • Winners and losers in the transformation

Assessing your company's current state

Technical innovations applied to the insurance sector

  • Big Data, Blockchain, AI, Robotics, IoT, Just-In-Time (JIT), and Cybersecurity

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

Case study and exercise:

  • Conducting a readiness assessment

Big Data: Leveraging your most valuable asset

  • Fundamental concepts and practical applications
  • Developing a Big Data strategy
    • Building the right team
    • Leveraging existing assets and scaling from there

Blockchain: Putting the digital ledger to work for your organization

  • Demystifying Blockchain technology
  • Lessons learned from the financial sector
  • Implementing a Blockchain strategy
    • Building the team
    • Mapping your transactions onto 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
  • Tapping into available resources and tools

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: Creating 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 people and assets
    • Building the team

JIT: Applying Just-In-Time marketing principles in insurance

  • JIT lessons adapted from manufacturing to creative services sectors
  • Implementing the processes and tools required for JIT
    • Building the team

Online security: Cybersecurity for the insurance sector

  • Revisiting traditional definitions of cybersecurity
  • Implementing a compliance plan and training business leaders
    • Building the team

Bringing it all together

  • No "one-size-fits-all" solutions; no "all-or-nothing" approach
  • Taking the first step toward transformation

Communicating complex topics effectively

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

Closing remarks

Requirements

  • Familiarity with the insurance sector, including its systems and core 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 structured, step-by-step approach
 14 Hours

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