P082 | Comprehensive Technical Programme in Life Insurance (Life)

The life insurance industry is facing multiple challenges today on the distribution, investment, regulation, technology, customer expectations, business communication, servicing, and demographic changes. The nascent fintech industry is disrupting the traditional way of conducting financial business. This effect will become more profound in the future across the world and Indian Life Insurance sector will be no exception.

To face these challenges successfully it is essential that every life insurer equip their executives with the necessary technical skills. This process should start with imparting a deeper knowledge about fundamental and principles of Life Insurance. The next would be to make the executives aware of the different technical aspects of the business. It's not only essential to know the basics, but also to have a fresh perspective at the application of such basics to the changing business environment in terms of changing life expectancy, new social and economic order, and current financial market dynamics. In the existing dynamics, insurance frauds have increased substantially in National and International markets. Thus, is essential to take a closer look at its prevention and detection as well. Hence, the programme is designed to discuss technical aspects of Life Insurance Business in the modern-day context.