Impact of Technology on Long-term Insurance0.5 CPD
The Long-term Insurance industry faces disruptive changes and challenges due to advances in technology and changes in terms of customer expectations. Technology, for example, wearable sensors, genetic technology, mobile phones, social media, and data analytics are seen as top enablers to increase access to new customers at a reduced cost, and to analyse behavioural data and design new, more appropriate products. These technological advances create opportunities for newcomers to enter the life insurance industry using advances in technology to provide products and services better, faster and at lower costs.
Getting ahead and staying ahead of the curve when it comes to recognising trends and issues will be crucial as competition and “disruption” in the industry can be expected. The changes will impact everyone in the sector, from existing large insurance companies and banks to representatives and employees in the sector.
This course explores new trends within the Long-term Insurance industry related to advances in technology. The course looks at how these technologies are being used to increase efficiency and savings in the current insurance model.
Once you have completed this course you will be able to:
- identify changing consumer needs within the long-term insurance industry.
- recognize key developments in the industry.
- recognize key developments in technology that impact the industry.
Who Should Register
- Key Individual