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Course Outline

Introduction to Insurtech

  • Industry Impact
  • 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 Goals for Six Months Hence

Case Study and Exercise:

  • Conducting a readiness assessment

Big Data: Maximizing the Value of Your Largest Asset

  • Core Concepts and Applications
  • Implementing a Big Data Strategy
    • Assembling the Right Team
    • Leveraging Existing Assets to Build Momentum

Blockchain: Harnessing the Digital Ledger for Your Organization

  • Demystifying Blockchain Technology
  • Insights from the Financial Sector
  • Implementing a Blockchain Strategy
    • Assembling the Right Team
    • Mapping 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: Deploying Robots to Enhance Efficiency

  • Automation vs. Robotic Process Automation (RPA)
  • Implementing an RPA Strategy
    • Outsourcing vs. In-House Development

IoT: Creating New Business Models Through IoT-Enabled Platforms and Ecosystems

  • Five Ways IoT Will Transform the Insurance Industry
  • Redesigning Insurance Policies to Reflect the Health and Condition of Individuals and Assets
    • Assembling the Right Team

JIT: Leveraging Just-In-Time Marketing in Insurance

  • Lessons from Manufacturing to Creative Services
  • Implementing Processes and Tools for JIT
    • Assembling the Right Team

Online Security: Ensuring Security for Insurance

  • Revisiting Traditional Definitions of Cyber-Security
  • Implementing a Compliance Plan and Training Business Leaders
    • Assembling the Right Team

Bringing It All Together

  • Recognizing That No 'One-Size-Fits-All' or 'All-or-Nothing' Solutions Exist
  • Taking the First Step

Communicating Complex Concepts

  • Engaging in Conversations with Managers and Leaders
  • Engaging in Conversations with Technologists and Data Experts

Closing Remarks

Requirements

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

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