Postgraduate certificate Digital Transformation in the Insurance Industry

Digital Transformation has had a significant impact on the insurance industry, revolutionizing the way insurance companies operate and deliver services. This change has been driven by technological advances that have enabled insurers to improve operational efficiency, optimize the customer experience and develop new business models. With this in mind, it has become important for the business professional to be at the forefront of the latest advances in the virtual industry. To achieve this update, a 100% online program has been designed, which will provide adaptability, allowing students to combine an excellent education with other aspects of their daily lives, since they will not be subject to fixed schedules.

University certificate

duration

6 weeks

Modality

Online

Schedule

At your own pace

Exams

Online

start date

Credits

6 ECTS

financing up to

3 months

Price(first year)

See price

The world's largest school of business”

Syllabus

Through this program, the historical background of insurance will be analyzed and key definitions will be developed to explain this insurance activity. One of the most relevant concepts addressed will be "Risk". In addition, you will examine the EU regulations up to Solvency II and establish how risk management works in insurance companies.

You will have the most prestigious teaching staff and the most complete syllabus in the market with which you will discover the complete cycle of the insurance activity and learn how to obtain a profit margin"

Syllabus

In this Postgraduate certificate in Digital Transformation in the Insurance Industry, the evolution of EU regulations up to the Solvency II Directive will be analyzed. In this case, the objective will be to guarantee the liquidity of insurance entities, placing risk management as a fundamental element. Also, it will address the role of risk management in the entities, knowing what are the challenges faced in the immediate future as a result of the digital transformation and emerging risks such as sustainability.

In addition, topics such as the conditions necessary for a risk to be insurable, the result or profit margin in the insurance business, the evolution of EU regulations and digital transformation will be explored. Risk management, including the analysis of cyber risks and ESG (environmental, social and governance) risks, will also be explored in depth. These topics are of vital importance today, as organizations must be prepared to face emerging challenges in an ever-changing world.

Under these circumstances, an academic proposal has been developed that will be available in a 100% online format. In this way, students will enjoy a wide range of multimedia materials, including specialized texts and interactive summaries. Relearningmethodology will also be applied, ensuring a unique and effective learning experience. In addition, participants will be able to access the content at any time and place, just by using an electronic device with Internet access.

This Postgraduate certificate takes place over 6 weeks and it consists of 1 module:

Module 1. Insurance and Risk

Where, When and How is it Taught?

TECH offers students the possibility of completing this Postgraduate Certificate in Digital Transformation in the Insurance Industry completely online. During the 6 weeks of the specialization, the student will be able to access all the contents of this program at any time, which will allow the students to self-manage their study time.

Module 1. Insurance and Risk

1.1. Risk and its Role in the Insurance Business

1.1.1. Risk. Contextualization
1.1.2. Risk in the Insurance Activity
1.1.3. Conduct in the Face of Risk

1.2. The Insurable Risk

1.2.1. Conditions for a Risk to be Insurable
1.2.2. Classification of Risks
1.2.3. Selection and Surveillance of Risks

1.3. Risk Distribution among Insurers

1.3.1. Risk Distribution
1.3.2. Reinsurance
1.3.3. Coinsurance

1.4. Insurance Activity

1.4.1. Insurance Activity Cycle
1.4.2. Elements of the Insurance Activity
1.4.3. Profit or Profit Margin in the Insurance Business

1.5. The Insurance Industry and the Control of its Activity

1.5.1. Economic and Social Function of Insurance
1.5.2. Control of the Underwriting Activity
1.5.3. Control Objectives

1.6. Evolution of the Solvency Regulations

1.6.1. Concept of Solvency. Importance in the Insurance Sector
1.6.2. Evolution of Community Regulations
1.6.3. Solvency Regulations in Third Countries

1.7. Solvency II and Risk

1.7.1. Quantitative Risk Assessment
1.7.2. Qualitative Risk Assessment
1.7.3. Information and Transparency to the Market

1.8. Risk Management as a Key Element in Insurance Companies

1.8.1. Risk Management Systems
1.8.2. Risk Management Process
1.8.3. Risk Management in the Insurance Activity. Relevance

1.9. Risk Management and its Role in the Digital Transformation

1.9.1. Digital Transformation. Contextualization
1.9.2. Digital Transformation in the Insurance Activity
1.9.3. Digital Transformation and Risk Management

1.10. Emerging Risks in the Insurance Activity

1.10.1. Cyber Risks
1.10.2. ESG Risks
1.10.3. Other emerging risks

A study plan tailored to your needs and designed under the most effective pedagogical methodology, Relearning"

Teaching Objectives

The main objective of this program is to equip participants with the necessary skills and knowledge to face current and future challenges effectively. In this way they will be able to excel in their professional career and take advantage of the opportunities offered by technology to improve operational efficiency, drive innovation and provide a better customer experience.

You will have at your fingertips intweractive summaries and a series of multimedia resources with which you will learn the conditions for a risk to be insurable"

TECH makes the goals of their students their own goals too
Working together to achieve them

The Postgraduate certificate in Digital Transformation in the Insurance Industry will enable students to:

Develop specialized knowledge on the implementation and operation of foreign countries' insurers in other countries: (i) within the European Union (II) as well as from countries outside the European Union
Develop the peculiarities of the insurance contract
Examine the international regulatory framework of the insurance market and its recent evolution
Delimit the framework for compliance with the insurance activity
Analyze the evolution of insurance
Reflecting on the insurance implications of non-sectoral regulations
Assess the impact of information security on the insurance legislative framework
Determine the interplay between consumer and insurance regulations and its consequences
Develop specialized knowledge about insurance and the key concepts that define the insurance activity
Determine the importance of Risk as an essential element for the insurance activity
Examine the general functioning of the insurance activity and the regulations governing its activity
Establish the relevance of the management of risks faced by insurance companies as a key element in the management of insurance companie
Identify the most immediate challenges facing risk management
Analyze the global insurance market with a focus on the distribution business
Determine what is considered insurance distribution at both the European and international level
Identify the main players involved in the distribution business
Examining the importance of consumer protection measures
Develop the key aspects of the regulatory compliance function
Identify international standards in regulatory compliance
Specify the interrelationships between the compliance function and the rest of the organization

Postgraduate Certificate in Digital Transformation in the Insurance Industry

Nowadays, digital transformation is an imperative need in all sectors, and the insurance industry is no exception. To stay competitive and relevant in a constantly evolving world, insurance companies must adopt new technologies and digital strategies. That is why TECH Global University developed the Postgraduate Certificate in Digital Transformation in the Insurance Industry. An online postgraduate course of the highest level, which is presented as a unique qualification opportunity to take your skills to the next level. Our program will provide you with the skills and knowledge you need to lead the digital revolution in the insurance industry. Throughout the program, you will explore the key concepts of digital transformation and how to apply them specifically to the insurance arena.

Be an expert in digital transformation in the insurance industry

By educating yourself with this TECH program, designed by top specialists, you'll learn about the latest technological trends, including artificial intelligence, data analytics, process automation and cybersecurity; plus, you'll discover how they can positively impact insurers' efficiency and profitability. By gaining this new background, you will be prepared to face the digital challenges of the insurance industry with confidence and skill. You will be able to design effective digital transformation strategies, implement emerging technologies and lead teams in the adoption of digital change. Your profile will be highly valued by insurance companies and other related organizations, who are looking for professionals capable of driving their growth and success in the digital age.