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 Duration 14 hours

Course Outline

Introduction to Digital Transformation in Insurance

  • Drivers behind digital transformation in the insurance sector
  • Essential digital capabilities and maturity models
  • Organisational impacts on people, processes, and technology

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

  • Overview of AI/ML applications in underwriting, claims, and fraud detection
  • Big Data platforms and analytics for pricing and market segmentation
  • IoT sensor data for telematics, fleet monitoring, and preventive maintenance
  • Opportunities for Robotic Process Automation (RPA) and workflow automation

InsurTech and the Future of the Insurance Ecosystem

  • InsurTech business models and partnership strategies
  • Platform ecosystems, APIs, and data sharing considerations
  • Embedded insurance, usage-based insurance, and novel distribution channels

Customer-Centric Strategies in the Digital Age

  • Designing digital customer journeys and omnichannel experiences
  • Personalisation, CX measurement, and engagement techniques
  • Transforming the claims experience and implementing self-service tools

Data-Driven Decision Making and Risk Management

  • Data governance, quality, and privacy within insurance contexts
  • Predictive analytics for risk scoring and portfolio management
  • Scenario analysis and stress-testing using data-driven models

Innovation Frameworks and Change Management

  • Building innovation capabilities: labs, pilots, and scaling to full programmes
  • Change management techniques for digital adoption
  • Measuring impact and aligning digital initiatives with business value

Digital Tools for Daily Operations and Communication

  • Collaboration platforms, low-code/no-code tools, and process automation
  • Digital document management, e-signatures, and secure communications
  • Operational dashboards and alerting systems for daily monitoring

Case Studies: Success Stories in Latin America and Beyond

  • Regional examples of telematics, digital distribution, and claims automation
  • Lessons learned 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 concepts
  • Knowledge of business processes and digital workflows
  • An interest in innovation and technology adoption

Target Audience

  • Insurance professionals and underwriters
  • Product managers and innovation leads within the insurance sector
  • Operations and IT personnel supporting insurance processes

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