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Course Outline

Introduction to Insurtech

  • Impact on the industry
  • Winners and losers

Assessing the current state of your company

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: Maximizing the Value of Your Most Significant Asset

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

Blockchain: Utilizing the Digital Ledger for Your Organization

  • Demystifying Blockchain
  • Lessons 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
  • Tapping into available resources

Robotics and Automation: Harnessing Robots for Your Benefit

  • Automation vs. Robotic Process Automation (RPA)
  • Implementing an RPA strategy
    • Outsourcing vs. 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 Individuals and Assets
    • Assembling the team

JIT: Leveraging Just-In-Time Marketing in Insurance

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

Online Security: Securing Insurance Operations

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

Bringing It All Together

  • No "one-size-fits-all" approach and no "all-or-nothing" commitment
  • Taking the First Step

Communicating Complex Topics

  • Conversations with Managers and Leaders
  • Conversations with Technologists and Data Analysts

Closing Remarks

Requirements

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

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