Objectives of the training
Acquire a thorough understanding of the fundamental concepts of AI and its specific applications in the insurance industry.Targeted audience
Insurance professionalsPrerequisite
• A basic understanding of insurance concepts and business processes. • A basic understanding of artificial intelligence and machine learning concepts. • Experience working with data and familiarity with data management tools.Trainers
Benefits for Participants
• Explore the role of Big Data and AI in risk analysis, claims management, and customer relations.
• Discover RAG (Retrieval-Augmented Generation) technology, an artificial intelligence approach that combines information retrieval and text generation to improve the relevance and accuracy of responses provided by a language model and its impact on insurance process automation.
• Learn how to use AI algorithms for risk assessment and fraud detection.
• Identify the ethical and regulatory challenges associated with AI and RAG models in insurance.
• Design an AI application with RAG to meet the needs of the insurance industry.
Course architecture
Fundamentals of AI and Big Data in Insurance
1- Fundamentals of AI and Big Data in Insurance:
⦁ Definition and history of AI
• Different types of algorithms (machine learning, deep learning, NLP, RAG)
• Difference between AI, automation, and process robotization
• Concrete case studies of AI applications in insurance:
• Dynamic pricing
• Fraud detection
• Intelligent customer service
2- Big Data and AI in insurance
• Definition of Big Data and its role in insurance
• The 5Vs of Big Data (Volume, Variety, Velocity, Veracity, Value)
• Structuring and managing customer and claims data
• Tools and infrastructure needed to leverage AI and Big Data
Risk modeling, claims management, and introduction to RAG
3- Risk modeling and analysis using AI
• Scoring algorithms and customer segmentation
• Predictive analytics for risk assessment and contract underwriting
• Optimizing insurance pricing using AI
• Fraud and anomaly detection using machine learning
4-Introduction to RAG technology and its applications in insurance
What is RAG technology?
• Principle of retrieval and augmented generation
• Difference between RAG and traditional AI models
Why is RAG relevant to insurance?
• Searching for and generating accurate answers about contracts
• Intelligent customer support
• Detecting inconsistencies in claims reports
• Examples of tools and frameworks (Haystack, LangChain, etc.)
Automation with AI & RAG, regulation, and hands-on workshop
5- Automation of insurance processes with AI and RAG
• Automation of claims management
• Use of intelligent chatbots and virtual assistants
• Integration of AI and RAG solutions into insurers' workflows
• Examples of implementation with AI APIs
6- Regulation, ethics, and challenges of AI & RAG in insurance
• Current regulations (law 25, AI Act)
• Ethical issues and algorithmic bias
• Transparency and explainability of decisions made by AI and RAG
• Impacts on insurance professions and skills
7- Hands-on workshop: Developing an AI & RAG solution for insurance
• Defining business needs and choosing data
• Designing an AI model and integrating a RAG module
• Implementing a RAG chatbot for claims management
• Presentation and discussion of the solutions developed
Pedagogical details
Training architecture
• Alternating between theory (60%) and practical application (40%) • Real-life case studies from the insurance sector • Simulations and testing of AI & RAG tools • Group work on an applied project
Type of training
Private or personalized training
Do you have several employees interested in the same training course? Whether in person at your offices or remotely in virtual mode, we offer private training courses tailored to your team's needs. Group rates are available. Contact us for more details or request a quote online.
Request a quotePrivate or personalized training
Do you have several employees interested in the same training course? Whether in person at your offices or remotely in virtual mode, we offer private training courses tailored to your team's needs. Group rates are available. Contact us for more details or request a quote online.
Request a quote