The world of insurance is changing radically. Get ready for this change with this Advanced Course on the Insurtech Ecosystem. Given this genuine revolution in the insurance sector, driven by disruptive technologies, the course syllabus explores the technical fundamentals of insurance, the different types of insurance available, and the main risks affecting insurance companies, whilst offering you a comprehensive overview of the new business models and innovative tools used in the industry insurtech. By the end of the programme, students will be familiar with directives such as Solvency II and other legal texts. Furthermore, they will be able to identify and mitigate risks inherent in the insurance business itself.
Sector-specific
Risk Management and Insurance
200 hours
An In-Depth Look at the Insurtech Ecosystem
Risk Management and Insurance
200 hours
Introduction
Objectives
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To lead the management of the risk and the uncertainty in insurance companies.
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Apply new models of insurance products which are transforming the insurance sector.
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Mastering the concepts of reinsurance y co-insurance and the functioning of the international markets in this sector.
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Develop strategies for integration of Insurtech within companies.
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Understanding and planning the customer journey of a digital customer across the entire insurance value chain.
Table of Contents
TEACHING UNIT 1. THE TRADITIONAL INSURANCE COMPANY
The Insurance Business Model
The Production Cycle
Regulation of the Insurance Sector
TEACHING UNIT 2. THE DIGITAL TRANSFORMATION OF THE INSURANCE SECTOR
Digital Transformation of the Insurance Sector
Insurtech: "The New Insurance Company"
Insurtech vs Traditional Insurance Companies
Strategy of traditional insurers
TEACHING UNIT 3. BLOCKCHAIN: TECHNOLOGICAL PRINCIPLES
What is blockchain?
Cryptocurrencies
Blockchain Networks
The application of blockchain technology in the financial sector
Advantages and disadvantages of blockchain
Blockchain in the Insurance Sector
TEACHING UNIT 4. FINTECH AND INSURTECH
What is Insurtech?
Characteristics of Insurtech
Innovation as a common thread
Comparison: Traditional insurers vs Insurtech
Pioneering insurtech companies
TEACHING UNIT 5. REGULATORY FRAMEWORK
Issues to be addressed
Organisations involved
Regulatory sandbox
Regulations with the greatest impact
TEACHING UNIT 6. LEGAL FRAMEWORK OF THE INSURANCE SECTOR
The insurance sector
The importance of the legal framework in insurance
General regulations
LCS in Spain and the Americas
TEACHING UNIT 7. THE PRESENT AND FUTURE OF INSURTECH
The Tech Ecosystem
The Evolution of Insurtech
Insurtech companies in Spain and Latin America
TEACHING UNIT 8. INNOVATION THROUGH THE INSURTECH SYSTEM
Digital transformation of the insurance sector
Insurtech: the new insurance company
Insurtech vs traditional insurance companies
Strategy of traditional insurers
TEACHING UNIT 9. ADAPTING TO DIGITAL INSURANCE
Global Context
Proposed Methodologies and Background
Identifying Opportunities
TEACHING UNIT 10. THE EVOLUTION TOWARDS COMPREHENSIVE AND PERSONALISED RISK MANAGEMENT IN DIGITAL INSURANCE
Changes in consumer behaviour
New Products and Business Models Resulting from Digital Transformation
The Role of Insurtech in the Transformation of the Sector
Driving Digital Transformation in the Insurance Sector
TEACHING UNIT 11. DISRUPTIVE TECHNOLOGIES IN THE INSURANCE INDUSTRY
A History of Artificial Intelligence
The importance of AI
Internet of Things (IoT)
Big Data in the insurance sector
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