Introduction to InsurTech

Name: Introduction to InsurTech
Availability: InStock
Rating: 5.00 (10 reviews)

Discover how InsurTech is revolutionizing the insurance industry and gain a competitive edge in this rapidly evolving field.

Learn about InsurTech and how it's changing the traditional insurance industry with technology
Explore the different areas of InsurTech and its impact on pricing, underwriting, and claims
Understand the importance of key metrics such as frequency, severity, loss ratio, and combined ratio in InsurTech

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Overview

Introduction to InsurTech Course Overview

InsurTech, or insurance technology, is disrupting the traditional insurance industry by leveraging technology to make the insurance process more efficient and cost-effective. In this course, we’ll first define what InsurTech is and its importance before exploring the history and evolution of insurance distribution. We’ll then identify the main areas of InsurTech, guided by technological and economic trends, and how they differ from traditional practices. Next, we’ll examine some of the InsurTech innovations that are impacting pricing, underwriting, and claims, including data science, telematics, drones, and robotics. We’ll also look at important metrics such as frequency, severity, loss ratio, and combined ratio. Finally, we’ll explore the future of InsurTech, including embedded insurance, changing customer expectations, and diversifying risk through new products and services.

Who Should Take This Course?

This is a beginner-level course suitable for insurance professionals, data analysts, and aspiring entrepreneurs who are interested in leveraging technology to transform the traditional insurance industry.

Introduction to InsurTech Learning Objectives

Define what InsurTech is and its importance
Explain the history and evolution of insurance
Identify the main areas in InsurTech and how they differ from traditional practices
Identify InsurTech innovations and impact to pricing, underwriting, and claims
Explain the future of InsurTech

Prerequisite Courses

Recommended courses to complete before taking this course.

Introduction to FinTech

Introduction to InsurTech

Led by Matt Christopher

Level 1

1h 4min

100% online and self-paced

Field of Study: Specialized Knowledge

NASBA CPE Credits: 2.5

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What You'll Learn

Lesson

Multimedia

Exams

Files

Course Summary

Qualified Assessment

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

FinTech Industry Professional (FTIP®)

Skills Learned Financial Technology Fundamentals, Data Science and Machine Learning, Cryptocurrencies and Blockchain
Career Prep Data Science and Machine Learning, Data Analyst, Business Analyst, Software Developer

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What Our Members Say

Very insightful course. I have no background in Insurance and how it works, but this course has enlightened me on the topic of insurance and InsurTech.

Onyedika Nwoji

Very Informative and well summarized

I totally loved this course!

Rajalakshmi Arumugam

Strong Foundation

Must complete this course for understanding how InsureTech Works

Suman Kumar

Insure tech introduction

Great content and presentation. Exam questions should be atleast 20.

venugopal rajamanuri

Great Overview

Generally a great overview of the InsurTech space

Jon Augelli, PE, CMA

Amazing course

The way in which which the course has been structured and explained is good.

RHYTHMI ROSA S

GREAT

Very easily understandable. Keep it up.

ROBERT KWASI ATSRIM

The Strategic Importance of InsurTech for Finance Professionals in the Insurance Sector

Learning InsurTech is important because it equips finance professionals in the insurance sector with the tools to enhance efficiency, streamline processes, and improve customer experience through technology. By understanding InsurTech innovations, finance professionals can better assess risk, optimize operations, and create data-driven strategies, ultimately driving growth and maintaining competitiveness in a rapidly evolving industry.

Mike Rigor Patiga

Easy to understand

The course material was easy to understand and not too technical.

Kazeem Busari

Insightful InsurTech Learning

Insightful Learning Objectives and Examples.

Reagan Mutombo

Frequently Asked Questions

If you haven’t found your answer from our FAQ, please send us a message.

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements

Can I download the Excel files and financial modeling templates for the course?

Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.

Are CFI courses officially accredited?

Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.

How are the exams conducted?

Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.

What is CFI's refund policy?

Except as required by law, all payments to CFI are non-refundable, including fees and any other associated charges. Canceling your subscription will not generate a refund. Your access to CFI's paid content will remain active until your current billing cycle ends. For more information please visit our refund policy page.

Introduction to InsurTech

Introduction to InsurTech Course Overview

Who Should Take This Course?

Introduction to InsurTech Learning Objectives

What You'll Learn

Introduction

Overview of InsurTech

Areas Within InsurTech

InsurTech Innovations and Impact

The Future of Insurance

Course Summary

Qualified Assessment

This Course is Part of the Following Programs

FinTech Industry Professional (FTIP®)

What Our Members Say

Onyedika Nwoji

Rajalakshmi Arumugam

Suman Kumar

venugopal rajamanuri

Jon Augelli, PE, CMA

RHYTHMI ROSA S

ROBERT KWASI ATSRIM

Mike Rigor Patiga

Kazeem Busari

Reagan Mutombo

Frequently Asked Questions