With less than 3% insurance coverage of the African population and 0.8% penetration in Nigeria according to available statistics from Insurtech Lab, there is an enormous untapped potential and more than enough room for growth in the sector.
To this end, the Fintech Association of Nigeria (FintechNGR), and the Nigerian Insurers Association (NIA) embarked on a journey to further upskilling players in the space of a tailored ‘Digital Insurance’ workshop series.
It would be holding the 3rd edition of this workshop, Digital 301, from the 17th to 18th of May, 2022
In recent years, Insurtech has evolved from the digitization of insurance processes to the advanced deployment of technological innovations like AI, Big Data, ML, IoT and a couple of other tools to managing the entire process from assessment to claims. Hence, industry professionals must be brought up to speed with the rapid transformation taking place in the space if there would be a significant jump in the adoption rates.
Digital 301 is targeted at equipping participants with advanced technical knowledge of navigating the relatively complex world of insurance using digital insurance (insurtech).
The objectives for this edition include analyzing business trends to maximize value impact for players, leapfrogging over risk & financial outcomes to unlock deep-level strategy and new economies for end-users, and in-depth review of emerging technologies shaping the space and leveraging on it to scale, amidst others.
In the first and second legs of the ‘Digital Insurance’ training series, Digital 101 & 201 respectively, participants were taken through insurtech trends, market segments, consumer profiling and understanding of the value chain from the lenses of digital insurance.
There were also hands-on case studies analysis, the adaptation of principles to real-world challenges as put forward by participants and a couple of system & process reviews.
For this edition, participants will be exposed to learnings, ideas, methods and technology on evolving insurance to meet the needs of end-users as well as gain trust whilst ensuring the possibility of qualitative coverage in the next normal.
With the bespoke curriculum developed by the Africa Insurtech Lab and skilled facilitators – Dr Tunde Salako, Founder & CEO, Africa Insurtech Rising and Carolina Locarno, COO & Partner, Africa Insurtech Rising, participants would be leaving the training with a strengthened grasp on insurtech and the extensive verticals.
If you are a professional, stakeholder or a corporate entity, and would like to participate or be a part of this training, register here.
For more information, reach out to FintechNGR at exec.sec@fintechng.org or call 09030003013.
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