InsurTech

Programme title: InsurTech

Programme Outline:

On the completion of the course, participants will be able to understand:

• The basic concept of InsurTech

• InsurTech Vs. Traditional Insurance

• What is included in InsurTech?

• The advantages of InsurTech

• The disruption of InsurTech to Insurance company

• How does InsurTech benefit its customers

• Understanding Singapore Dynamic InsurTech Map

• What are the key InsurTech startups?

• Understanding InsurTech in the Singapore market

• What is microinsurance? Waves of microinsurance

• Understanding financial inclusion and the role of InsurTech in financial Inclusion

How does InsurTech benefit to consumers

– Personal safety and privacy Using

-Blockchain smart contracts

-AI

-Autonomous driving technologies

to protect consumer identity and coverage of new risks

– Always connected, always protected

Deliver a personalised and tailor-made coverage by engagement through

– IOT

– data analysis

– mobile innovations

– More benefits from sharing economy

Leverage the expertise and scale of strategic partners to anticipate changing consumer behaviours

–

– Additional on demand service

Provide customers with added services through their smart phone

MICROINSURANCE

• Protect low-income people against risk

• Relevant to around 50% of the world’s population

• Up to 80% in some countries

• Introduced in the late 1990s

Role of InsurTech in Financial Inclusion

• Simplify products so that they are easy to understand, enroll in and claim

• Find new distribution channelsto connect with low-income customers

• Leverage digital channels and technology innovations to connect and serve low- income customers

• Implement new business models and products to provide risk mitigation solutions

Rating Distribution

• 1 stars: 2 votes
• 2 stars: 1 votes
• 3 stars: 1 votes
• 4 stars: 1 votes
• 5 stars: 2 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!