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InsurTech 101: The Drivers of Innovation in Insurance

  • Analytics & Tech
  • Innovation & Business Improvement
  • Basic
  • SkillsFuture
  • Short Courses
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To be advised
Fee
SGD1,090* (as low as SGD127 after maximum funding) Learn More
Duration

1 day
Weekday (9am - 5pm)

Level
Basic

Who Should Attend

  • Directors, Managers, Financial Advisers, Relationship Managers, Finance Professionals
  • Professionals seeking to evolve their digitisation knowledge and remain relevant in the changing work environment
  • Employees who are undergoing upskill training to take on a new skill set


PREREQUISITES

There are no prerequisites for this programme. Prior knowledge on any of the topics is not required.

Overview

Insurance companies are typically not viewed as technological pioneers. The relationship between an insurer and its policyholders is infrequent, transactional, and financial interaction. As a result, insurers have not needed to be at the leading edge of information technology. But change is on the way. A new wave of insight, or interactions, and value is bringing insurers and their personal and commercial customers closer together.

This introductory course in insurance technology (InsurTech) is designed to help participants navigate the complex world of insurance, and understand how InsurTech plays a role in the future of the industry. Through the study of new technology insurers and InsurTechs, participants will learn how insurance can be evolved to meet the needs of a post-coronavirus world. The training is aimed at professionals who need to gain a big picture understanding, break down the hype and jargon, and take the first steps in establishing an InsurTech landscape.

To delve further into the topic, participants may consider Advanced Certificate in InsurTech after completing this course. 

Programme Partner

Learning Objectives

  • Define InsurTech and explore the scope of the InsurTech industry
  • Examine the problems that were inherent in the traditional insurance market and how InsurTech is trying to help solve them
  • Redesign business framework according to InsurTech trends
  • Explore the future of InsurTech

Assessment

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.

Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.

Calculate Programme Fee

Click here for more infomation about SkillsFuture Credits (Not applicable for Company-sponsored participants)
For PSEA - Available only for Singapore Citizen below 31 (Not applicable for Company-sponsored participants)

Total Program Fee: SGD0.00

Fee Table

COMPANY-SPONSORED

PARTICIPANT PROFILE

SELF-SPONSORED

SME

NON-SME

Singapore Citizen < 40 years old

Permanent Resident

LTVP+

$327

(After SSG Funding 70%)

$127

(After SSG Funding 70%
+ ETSS Funding 20%)

$327

(After SSG Funding 70%)

Singapore Citizen ≥ 40 years old

$127

(After SSG Funding 70%
+ MCES Funding 20%)

$127

(After SSG Funding 70%
+ ETSS Funding 20%)

$127

(After SSG Funding 70%
+ MCES Funding 20%)

International Participant

$1,090

(No Funding)

$1,090

(No Funding)

$1,090

(No Funding)

All prices include 9% GST

Please note that the programme fees are subject to change without prior notice.

Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.

Self Sponsored

SkillsFuture Credit

Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.

This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.

Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).

Workfare Skills Support Scheme

From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.

Company Sponsored

Enhanced Training Support for SMEs (ETSS)

  • Organisation must be registered or incorporated in Singapore
  • Employment size of not more than 200 or with annual sales turnover of not more than $100 million
  • Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
  • Trainees must be Singapore Citizens or Singapore Permanent Residents
  • Trainees must not be a full-time national serviceman
  • Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here. 

Please click here for more information on ETSS.

Absentee Payroll

Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:

AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)

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Trainers

Val Yap
CEO and Founder
PolicyPal Group
Val Yap
CEO and Founder
PolicyPal Group
Val Yap is the CEO and Founder of Asia’s leading InsurTech firm, PolicyPal Group (a member of the AMTD Group). Concurrently, she holds appointments in Singapore FinTech Association's Executive Committee and as a fellow at SUSS. Having been named to Forbes “30 Under 30” list for Finance and Venture Capital, Fortune “40 under 40” list for Finance, Linkedin’s Power Profiles in Singapore, she possesses in-depth knowledge of the finance, insurance, entrepreneurship and tech landscapes in Singapore and has extensive experience in contributing to strategic growth to the InsurTech space. A frequent figure in the news and magazines, Val has also published her memoir BALLS INC., sharing her experience as a female tech entrepreneur and insight into InsurTech and startups.

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