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Course Outline

Introduction to Insurtech

  • Industry impact
  • Winners and losers in the market

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 determining where you should be six months from now

Case study and exercise:

  • Conducting a readiness assessment

Big Data: Putting your biggest asset to work

  • Basic concepts and applications
  • Implementing a Big Data strategy
    • Building the team
    • Leveraging existing assets and building from there

Blockchain: Putting the digital ledger to work for your organization

  • Demystifying Blockchain technology
  • Lessons from the financial sector
  • Implementing a Blockchain strategy
    • Building 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
  • Tapping into available resources

Robotics and automation: Hiring robots to work for you

  • Automation versus Robotic Process Automation (RPA)
  • Implementing an RPA strategy
    • Outsourcing versus building in-house

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

  • Five ways IoT will transform the insurance industry
  • Remodeling insurance policies to reflect the health and state of people and things
    • Building the team

JIT: Putting Just-In-Time marketing to work in insurance

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

Online security: Security for insurance

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

Bringing it all together

  • There is no "one-size-fits-all" and no "all-or-nothing" approach
  • Taking the first step

Communicating complex topics

  • Conversations with managers and leaders
  • Conversations with technologists and data experts

Closing remarks

Requirements

  • Knowledge of the insurance sector, its systems, and processes
  • An interest in understanding how Insurtech is reshaping the competitive landscape of the insurance industry
  • A desire to learn how to adopt new technologies and methodologies step-by-step
 14 Hours

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