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 Duration 14 hours

Course Outline

Introduction to Digital Transformation in Insurance

  • Key drivers behind digital transformation in the insurance sector
  • Essential digital capabilities and maturity models
  • Organisational implications regarding people, processes, and technology

Emerging Technologies: AI, Big Data, IoT, and Automation

  • An overview of AI and ML applications in underwriting, claims processing, and fraud detection
  • Utilising Big Data platforms and analytics for pricing and customer segmentation
  • Leveraging IoT sensor data for telematics, fleet monitoring, and preventive maintenance
  • Opportunities for Robotic Process Automation (RPA) and workflow optimisation

InsurTech and the Future of the Insurance Ecosystem

  • InsurTech business models and effective partnership strategies
  • Considerations regarding platform ecosystems, APIs, and data sharing
  • Embedded insurance, usage-based models, and emerging distribution channels

Customer-Centric Strategies in the Digital Age

  • Designing digital customer journeys and seamless omnichannel experiences
  • Strategies for personalisation, CX measurement, and engagement
  • Transforming the claims experience and implementing self-service tools

Data-Driven Decision Making and Risk Management

  • Data governance, quality assurance, and privacy within insurance contexts
  • Applying predictive analytics for risk scoring and portfolio management
  • Conducting scenario analysis and stress-testing using data-led models

Innovation Frameworks and Change Management

  • Cultivating innovation capabilities: from labs and pilots to scaling programmes
  • Techniques for managing change during digital adoption
  • Measuring impact and aligning digital initiatives with business value

Digital Tools for Daily Operations and Communication

  • Utilising collaboration platforms, low-code/no-code tools, and process automation
  • Implementing digital document management, e-signatures, and secure communications
  • Setting up operational dashboards and alerting systems for daily monitoring

Case Studies: Success Stories in Latin America and Beyond

  • Regional examples highlighting telematics, digital distribution, and claims automation
  • Key lessons regarding partnerships, regulation, and scalability
  • Group exercise: translating case study insights into a local action plan

Summary and Next Steps

Requirements

  • A foundational understanding of core insurance principles.
  • Familiarity with business processes and digital workflows.
  • A keen interest in innovation and the adoption of new technologies.

Intended Audience

  • Insurance professionals and underwriters.
  • Product managers and innovation leads within the insurance sector.
  • Operations and IT staff involved in supporting insurance processes.

Custom Corporate Training

Training solutions designed exclusively for businesses.

  • Customised Content: We adapt the syllabus and practical exercises to the real goals and needs of your project.
  • Flexible Schedule: Dates and times adapted to your team's agenda.
  • Format: Online (live), In-company (at your offices), or Hybrid.
Investment

Price per private group, online live training, starting from £3200 + VAT*

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