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Insurance 4.0 - The Insurance Industry In The Industry 4.0
Last updated 6/2022
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 5.60 GB | Duration: 7h 24m

The Impact of Industry 4.0 on the Insurance Industry


What you'll learn
Explore what the Insurance Industry is and its importance ​
Discover Key Insights about the Insurance Industry and the vital role it plays
Understand the Challenges of the Insurance Industry
Explore the Opportunities for Innovation in the Insurance Industry
Discover what Industry 4.0 and the Industry 4.0 Environment is​
Learn about Cyber Physical Systems (CPS), their characteristics, their benefits and their drawbacks​
Explore the Impact of Industry 4.0 on the Insurance Industry
Discover innovative businesses and startups in the Insurance Industry
Learn about the Barriers of Implementing Industry 4.0
Explore The Drivers of Implementing Industry 4.0
Requirements
Curiosity to learn about future trends in technology and business
Basic understanding about the Insurance Industry

Description
Did you know that the world economy and humanity is at the verge of one of the most transformational periods in history of mankind?Have you heard about the 'Industrial Revolutions'; which from time to time transformed the course of humanity? The first industrial revolution was powered by mechanization, water power and steam power. The second industrial revolution was powered by the mass production of products such as the famous Henry Ford's Model-T car, assembly lines and electricity. The third industrial revolution was powered by computerization and automation. Now, the fourth industrial revolution, known as 'Industry 4.0 (4IR)' will be powered by Cyber Physical Systems, Artificial Intelligence (AI) and Robotics is set to unleash the next wave of disruption at an unprecedented scale and force!With global pandemics such as COVID-19, the Healthcare Industry is on its way for a massive transformation with Industry 4.0 to offer universally affordable and high quality healthcare to every human being on this planet. With real-time data and comprehensive insights offered with Internet of Medical Things (IoMT), how is Industry 4.0 going to change and disrupt the game?------------------------------------------------A course with a simple and comprehensive beginner's guide to Insurance 4.0 - The Insurance Industry in Industry 4.0!------------------------------------------------In this course, there are TEN sections which cover over 70 lectures worth OVER 5 HOURS of content;Section 1 - Introduction to the Insurance Industry - Discover what the Insurance Industry is and the vital role it plays in shaping is. Learn about the Functions of an Insurance Company, Types of Insurance, Key Statistics of the Insurance Industry and Insurance Principles.Section 2 - Key Insights of the Insurance Industry - Explore the Key Insights and Market Trends about the Insurance Industry such as Changing Customer Demand and Expectation, Innovation and Proactive Service-based Business Models, The Rise of 'Phygital' and Digital Transformation of the Insurance Industry, Greater focus on ESG and Sustainability and the Impact of the Covid-19 Pandemic and moving forward.Section 3 - Challenges of the Insurance Industry - Explore the challenges faced by the Insurance Industry such as Changing customer expectations; siloed operations, poor collaboration and co-ordination; impact of legacy systems; increasing competition; impact of the Covid-19 Pandemic; increasing regulation and compliance procedures; impact of catastrophic risks; changing socio-economic and political conditions; talent acquisition and management; mergers and acquisition activities.Section 4 - Opportunities for Innovation in the Insurance Industry - Discover the opportunities for innovation in the Insurance Industry including predicting the future with more accuracy; bringing agility to the insurance industry; leveraging new technologies; the sharing economy, climate change and cyber threats; process mining to deliver a better and personalized customer experience (CX)Section 5 - Introduction to Industry 4.0 - Discover what Industry 4.0 is, what the Industry 4.0 Environment is and the different kinds of Internets such as the Internet-of-Things (IoT), Industrial-Internet-of-Things (IIoT), Internet-of-Services (IoS) and the Internet-of-Everything (IoE)Section 6 - Introduction to Cyber Physical Systems (CPS) - Discover what Industry 4.0 is, what the Industry 4.0 Environment is and the different kinds of Internets such as the Internet-of-Things (IoT), Industrial-Internet-of-Things (IIoT), Internet-of-Services (IoS) and the Internet-of-Everything (IoE).Section 7 - The Impact of Industry 4.0 on the Insurance Industry - Discover how Industry 4.0 is impacting and transforming the Insurance Industry including applications of augmented reality (AR), virtual reality (VR) and mixed reality (MR); applications of artificial intelligence (AI) on the Insurance Industry; Applications of Blockchain Technology on the Insurance Industry and much more.Section 8 - Real World Outlook - Discover Innovative Startups and Business in the Insurance Industry who are adopting Industry 4.0 Technologies, Tools, Methods and Techniques. Section 9 - The Barriers to Implementing Industry 4.0 - Discover about the barriers of implementing Industry 4.0 including the high cost of implementation, lack of skilled staff, privacy issues and concerns.Section 10 - The Drivers of Implementing Industry 4.0 - Discover about the Barriers of Implementing Industry 4.0 including Faster Time to Market, Challenges in matching the Supply and Demand, Better Customer Experience (CX), Increasing efficiency and productivity in business processes and Demand for Better Quality.------------------------------------------------Jump right in to learn and discover about all of the amazing and transformative content on Insurance 4.0 - The Insurance Industry in Industry 4.0 and be updated with latest trends in the world of tech and business! Be a part of Industry 4.0!------------------------------------------------About the Author: Hi, I'm Deshan and I'm a Digital Transformation Consultant. I have a M. Sc. in Technology Management (Distinction) from the Staffordshire University, UK as well as First Class Honors in B. Sc. (Applied Information Technology) from the Staffordshire University, UK. I also have around 8 years of experience in coding websites and software; creating multimedia, illustrations and graphics as well as computer simulation and 3D modelling! Feel free to ask any question regarding Digital Transformation, Industry 4.0 and Digital Disruption in the forum!
Overview
Section 1: Introduction
Lecture 1 Introduction to the Course
Section 2: Introduction to the Insurance Industry
Lecture 2 Key Terms of the Insurance Industry
Lecture 3 Introduction to the Insurance Industry
Lecture 4 Types of Insurance
Lecture 5 Types of Insurance - In Detail - Part 1 of 2
Lecture 6 Types of Insurance - In Detail - Part 2 of 2
Lecture 7 Principles of Insurance
Lecture 8 Key Statistics about the Insurance Industry
Section 3: Key Insights and Market Trends on the Insurance Industry
Lecture 9 Introduction to the Key Insights and Market Trends of the Insurance Industry
Lecture 10 Key Insight 1 - Changing Customer Demands and Expectations
Lecture 11 Key Insight 2 - Innovation and Proactive Service-based Business Models
Lecture 12 Key Insight 3 - The Rise of Phygital and Digital Transformation of the Industry
Lecture 13 Key Insight 4 - Greater focus on ESG and Sustainability
Lecture 14 Key Insight 5 - Impact of the Covid-19 Pandemic and moving forward
Section 4: Challenges of the Insurance Industry
Lecture 15 Introduction to the Challenges of the Insurance Industry
Lecture 16 Challenge 1 - Changing Customer Expectations
Lecture 17 Challenge 2 - Siloed Operations; Poor Collaboration and Co-ordination
Lecture 18 Challenge 3 - Legacy Systems
Lecture 19 Challenge 4 - Increasing Competition
Lecture 20 Challenge 5 - Impact of the Covid-19 Pandemic
Lecture 21 Challenge 6 - Increased Regulations and Compliance Procedures
Lecture 22 Challenge 7 - Impact of Catastrophe Risks
Lecture 23 Challenge 8 - Changing Socio-Economic and Political Conditions
Lecture 24 Challenge 9 - Talent Acquisition and Management
Lecture 25 Challenge 10 - Mergers and Acquisition Activities
Section 5: Opportunities for Innovation in the Insurance Industry
Lecture 26 Introduction to the Opportunities for Innovation in the Insurance Industry
Lecture 27 Opportunity 1 - Predicting the future with more accuracy
Lecture 28 Opportunity 2 - Bringing agility to the Insurance Industry
Lecture 29 Opportunity 3 - Leveraging New Technologies
Lecture 30 Opportunity 4 - The Sharing Economy, Climate Change and Cyber Threats
Lecture 31 Opportunity 5 - Process Mining to deliver a better and personalized CX
Section 6: Evolution of Industrial Revolutions and Industry 4.0
Lecture 32 Evolution of Industrial Revolutions
Lecture 33 Industry 4.0 Environment - In Summary
Lecture 34 Industry 4.0 Environment - In Detail
Lecture 35 Industry 4.0 Design Principles
Section 7: Introduction to Cyber Physical Systems (CPS)
Lecture 36 Introduction to Cyber Physical Systems (CPS)
Lecture 37 Benefits of Cyber Physical Systems
Lecture 38 Benefit 1 - Integration
Lecture 39 Benefit 2 - Interaction between Human and CPS
Lecture 40 Benefit 3 - Managing uncertainty
Lecture 41 Benefit 4 - Better system performance
Lecture 42 Benefit 5 - Scalability
Lecture 43 Benefit 6 - Agility/Flexibility
Lecture 44 Benefit 7 - Faster response time
Section 8: The Impact of Industry 4.0 on the Insurance Industry
Lecture 45 Introduction to the Impact of Industry 4.0 on the Insurance Industry
Lecture 46 Augmented Reality, Virtual Reality, Mixed Reality and Comparison
Lecture 47 Applications of AR, VR and MR in Insurance 4.0
Lecture 48 Introduction to Artificial Intelligence (AI)
Lecture 49 Applications of Artificial Intelligence (AI) in the Workplace and Workforce
Lecture 50 Applications of AI in Insurance
Lecture 51 Introduction to Blockchain Technology
Lecture 52 Applications of Blockchain Technology in Insurance 4.0
Lecture 53 Introduction to Robotic Process Automation (RPA)
Lecture 54 Applications of Robotic Process Automation (RPA) in Insurance 4.0
Lecture 55 Introduction to Cloud Computing
Lecture 56 Applications of Cloud Computing in Insurance 4.0
Lecture 57 Value Proposition for Customers in Insurance 4.0
Lecture 58 Proximity to the Customer in Insurance 4.0
Lecture 59 Insurance 4.0 Platforms
Lecture 60 Insurance 4.0 Processes
Lecture 61 Insurance 4.0 People
Lecture 62 InsurTech and the Future of Insurance 4.0
Section 9: Real World Outlook
Lecture 63 Innovative Businesses and Startups of the Insurance Industry - Part of 2
Lecture 64 Innovative Businesses and Startups of the Insurance Industry - Part 2 of 2
Section 10: Adoption Challenges of Implementing Industry 4.0
Lecture 65 Introduction to the Adoption Challenges of Implementing Industry 4.0
Lecture 66 Adoption Challenge 1 - Data Leveraging Challenges
Lecture 67 Adoption Challenge 2 - Organizational Challenges
Lecture 68 Adoption Challenge 3 - External Environment Challenges
Lecture 69 Adoption Challenge 4 - Legal and Regulation Challenges
Lecture 70 Adoption Challenge 5 - Cyber Security Challenges
Lecture 71 Adoption Challenge 6 - Infrastructure Challenges
Lecture 72 Adoption Challenge 7 - Inter-Operability and Standardization
Lecture 73 Adoption Challenge 8 - Technology Challenges
Lecture 74 Adoption Challenge 9 - Financial Challenges
Lecture 75 Adoption Challenge 10 - Skillset Gap and Related Challenges
Section 11: Introduction to the Drivers of Implementing Industry 4.0
Lecture 76 Introduction to the Industry 4.0 Drivers of Implementation
Lecture 77 Driver 1 - Faster Time to Market
Lecture 78 Driver 2 - Challenges in matching the Supply and Demand
Lecture 79 Driver 3 - Better Customer Experience (CX)
Lecture 80 Driver 4 - Increasing efficiency and productivity in business processes
Lecture 81 Driver 5 - Demand for better Quality
Lecture 82 Driver 6 - Tech-augmented Worker
Lecture 83 Driver 7 - The Digital and Agile Supply Chain
Lecture 84 Driver 8 - Better Asset Utilization
Section 12: Industry 4.0 Implementation Framework and Case Studies
Lecture 85 Industry 4.0 Implementation Framework
Section 13: Conclusion
Lecture 86 Summary of the Course
Lecture 87 Conclusion
Section 14: Bonus Lecture
Lecture 88 Bonus Lecture
Any professional in the Insurance Industry,Anyone who is passionate to learn about the future trends in the world of tech and business




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