Behaviour-Based Insurance and Data Innovations: A Complete Guide
Course Overview
Behaviour-Based Insurance (BBI) leverages **data analytics, IoT, and AI** to customize insurance premiums and policies based on individual behaviour. This approach is transforming traditional risk assessment by promoting safer practices, personalized coverage, and improved customer engagement.
**Behaviour-Based Insurance and Data Innovations: A Complete Guide** provides participants with an in-depth understanding of **usage-based insurance (UBI), telematics, wearable devices, AI-powered analytics, and emerging trends** in the insurance sector. The programme combines theory, practical case studies, and real-world applications.
Course Objectives
By the end of this course, participants will be able to:
1. Understand the principles and models of behavior-based insurance.
2. Apply data analytics and IoT tools to monitor behavior for risk assessment.
3. Explore telematics, wearable devices, and digital sensors in insurance.
4. Analyze global case studies of BBI adoption and innovation.
5. Evaluate privacy, ethical, and regulatory considerations.
6. Design data-driven insurance products that incentivize positive behavior.
Learning Outcomes
Participants will be able to:
* Understand usage-based and behavior-based insurance models.
* Implement IoT and telematics data for risk assessment and pricing.
* Use AI and predictive analytics to evaluate behavioral data.
* Design insurance products that encourage safe and responsible behavior.
* Assess regulatory, privacy, and ethical issues in behavior-based insurance.
* Analyze global innovations and case studies for best practices.
Who Should Attend
* Insurance Professionals and Underwriters
* Risk Managers and Actuaries
* InsurTech Product Managers and Innovators
* Data Analysts and AI Specialists in Insurance
* IT and IoT Professionals in Digital Finance
* Policy Makers and Regulators in Insurance
* Students in Insurance, Finance, Data Science, and Technology
Course Outline (5 Days)
Day 1 – Introduction to Behavior-Based Insurance
* Overview of BBI and usage-based insurance
* How behavior affects risk and pricing
* Digital transformation in insurance
* Hands-on activity: Mapping traditional vs behavior-based models
Day 2 – Data Collection & IoT in Insurance
* Telematics for auto insurance
* Wearable devices for health and life insurance
* Smart sensors and connected devices
* Hands-on: Collecting and analyzing sample behavioral datasets
Day 3 – AI & Analytics in Risk Assessment
* Predictive modeling for behavior-based insurance
* AI algorithms for dynamic pricing and claims assessment
* Customer segmentation and risk scoring
* Hands-on: Building a predictive behavioral risk model
Day 4 – Global Case Studies & Innovation
* Progressive Snapshot, Metromile, Vitality, Ping An
* Usage-based health insurance & fitness rewards
* Auto insurance telematics programs worldwide
* Lessons learned: adoption, engagement, and performance metrics
Day 5 – Ethics, Regulation & Product Design
* Privacy, consent, and ethical considerations
* Regulatory frameworks for data-driven insurance
* Designing a behavior-based insurance product
* **Action Plan:** Develop a BBI product with data monitoring and incentive mechanisms
Certification
Participants will receive the
**Certificate in Behavior-Based Insurance and Data Innovations**
from **KE Leaders Training Centre, London**, validating skills in BBI design, analytics, and digital insurance innovation.
Key Benefits
✔ Master behavior-based and usage-based insurance models
✔ Implement AI, IoT, and telematics for risk and pricing
✔ Design customer-centric, data-driven insurance products
✔ Learn from global BBI case studies and innovations
✔ Address ethical, regulatory, and privacy challenges
✔ Gain practical skills for InsurTech, digital insurance, and data analytics roles
Contact Info:
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
