Advanced Certificate in InsurTech Module 1: Fundamentals of InsurTech

The insurance sector is right to stay the course on their efforts to innovate and embrace the digital transformation of the industry. This certificate programme is designed to help participants navigate the complex world of insurance, and understand how insurance technology (InsurTech) plays a role in the future of the industry. Through study and analysis of new technology such as Blockchain, Artificial Intelligence and Machine Learning, participants will learn how InsurTech is redefining the insurance industry. They will also explore classifications of InsurTech businesses and the size of the InsurTech market. The training is aimed at professionals who need to gain a big picture understanding, break down the hype and jargon, and take the first steps in establishing an InsurTech strategy.

Module 1 introduces the fundamentals of InsurTech. A key driver of change in the financial sector is innovation through emerging technology, which has led to immeasurable productivity improvements. The insurance industry is no exception to such innovations, with the prospect of new service provision approaches, as well as greater data collection and fraud detection opportunities, which can lead to improved risk identification and mitigation measures known as InsurTech. After attending the course, participants will be able to comprehend how change will occur in the insurance industry, and better understand how these businesses are being formed and how they vary from traditional business models.

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