$499 – $599

[Workshop] How to Open Up New Revenue Streams with AI in (Re)Insurance

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WORKSHOP for Executives: How to Open Up New Revenue with AI in (Re)Insurance

How will AI affect the $+3Trillion global Insurance market?

Why ignoring Artificial Intelligence will result in loss of market share or death?

Fintech has challenged the financial industry, notably banking, payments, and lending. Is Insurance going to be safe from disruption? Far from that. With the current rise of Insurtech and the traditional insurance value chain dissolution, the need for Insurance companies to innovate is as urgent as ever.

Startups that use disruptive technologies such as AI are taking 30% market share from incumbents.

Companies like Lemonade, Trov, or Metromile will continuously challenge the traditional industry players by offering alternative insurance solutions priced reasonably, and helping customers overcome complicated insurance policies.

As the power of Artificial Intelligence resides in removing intermediaries, there is a serious threat for Insurance firms to fade away.

On the other hand, by embracing rather than resisting the AI technology, big insurers will be able to generate new revenue channels, create opportunities for substantial savings, and respond to the competition.

Note: Artificial Intelligence is not a silver bullet against all business problems. At this workshop, we’ll discuss limitations for AI adoption and discover specific use cases relevant for your company.

Who is invited to the workshop:

Leaders and Executives from Insurance, Reinsurance and ILS business lines looking to understand either cost savings or new revenue generation models using AI.

Workshop Roadmap:

1. Identify top 7 industry changes & trends and learn what startups do to revolutionize the industry and take 30% market share from traditional players

2. Learn to recognize myths, as well as limitations and restrictions of Artificial Intelligence for Insurance

3. See what your competition does to overcome challenges on the way to transformation and innovation

4. Understand the foundational AI use cases for Insurance

5. Define an AI-based insurance product or a business process that would benefit from Artificial Intelligence

6. Evaluate foreseeable revenue and savings

7. Learn a unique methodology for building a sustainable competitive advantage with AI

8. Define action items and stages to launch a AI initiative

Notes:

Interested in hands-on experience in training neural networks? Attend Under the Hood of an AI Implementation workshop for Architects & Product Managers on Sept 11th, 1-4 pm.

About the Trainer:

Andrei Yurkevich, CTO at Altoros. Currently, Andrei is growing the portfolio of experts performing implementation of digital transformation solutions.

About Altoros:

Altoros is a digital transformation consultancy. We have helped 10+ Insurance companies to digitize revenue streams and shape customer experience when the industry is disrupted by startups and competitors that act as startups. Our unique specialty is turning the latest technology advancements into solutions with a high density of sustainable, crushing competitive advantage.


More about our Insurance activities here: https://www.altoroslabs.com/insurance.html


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