Blockchain for Insurance Course
In collaboration with the African Leadership University and ALU School of Insurance
On demand: For groups of 10 or more
Program Description
How will blockchain impact the insurance industry?
This 2-day masterclass is for non-developers, senior managers and executives from the insurance industry who want to gain a solid understanding of blockchain as well as the implications and opportunities for the insurance sector.
Program Summary
Day 1: The lay of the land
This introduction will provide a broad, non-technical overview of distributed ledger technologies, how they work, prospects for scale and why they have disruptive potential.
Day 2: Blockchain in the wild
This day focuses on use cases for blockchain, zooming into insurance applications. Employing a design thinking approach, participants will identifying opportunities to use the blockchain in their organisations.
Requirements:
- No previous understanding of cryptocurrencies and blockchain technology is required
- An interest in how blockchain technology can impact the insurance industry
Price:
R11,500 Discounted to R8,500 p/p
Learning Outcomes
Day 1
- Get a high-level understanding of the course content flow
- Understand the definition of trust in conventional financial systems
- Compare the strengths and weaknesses of blockchains in relation to normal databases
- Recognise the high-level architecture of a blockchain
- Define “consensus” and “immutability” in a blockchain context
- Be aware of basic blockchain-related cryptography
- Define a “digital asset” and know the dissimilarities to conventional assets
- Understand how a digital asset can be recorded and audited on the Bitcoin blockchain
- Understand the risks and costs of asset tokenisation
- Understand why scaling blockchains are problematic
- Name benefits and drawbacks/tradeoffs of using the blockchain at scale
- Define “smart contract” and name their advantages, limitations, and risks
Day 2
- Be able to recognise and to give 1 example of a “know your customer” blockchain
application - Understand how a blockchain enables immutable timestamps
- Identify digital assets that can be recorded on the blockchain
- Explain the relevance of digital assets to the insurance industry
- Explain how the blockchain changes the nature of ownership
- Understand how a blockchain can automate insurance policies
- Know how to implement smart contracts
- Know how to process real-world data in an automated insurance product
- Explain how blockchain might influence the insurance industry
- Identify areas for future R&D
- Be in a position to reap the benefits of blockchain at the right time
More Information
- Price:
R11,500Discounted to R8,500 p/p - Price can vary depending on where the course is hosted
- This is a 2-day course from 09:00am – 16:00pm each day
- Refreshments and a light lunch will be provided
- The training can be hosted online or at our clients offices (depending on the location)
- Each attendee will receive a Certificate of Completion