Product development is multifaceted, and the related activities are quite diverse. Depending on the organization of a life insurance company, these activities may include topics ranging from actuarial to IT, from law to sales, from marketing to customer services, from accounting to investments - and beyond.

In addition, life insurance business is under threat. Different topics and issues put pressure on business in force as well as on new business, and thus finally on product development: rising interest rates, new regulations, new requirements from (new) sales channels and retail clients, environmental and social aspects, the advent of the technological movement in insurance («InsurTech»), and many more.
 
Thus, the complexity of product development in combination with today's requirements demand for a holistic view on products and their development. It became obvious now that current best practice in developing products is not sufficient anymore.
 
Insurers need to change their product development fundamentally. It needs to be faster, more innovative, sustainable, more flexible, and pretty much closer to sales and clients.

The aim of this web session is to provide insights into the multifaceted and diverse activities related to the development of life insurance products - including the latest trends in developing innovative and digital life insurance products.

In a Product Development Business Game, participants face some of the challenges during of product development project. In a realistic situation, they develop in several groups a new life insurance product while competing with all other groups for limited distribution channels.

Your early-bird registration fee is € 780.00 (net) / € 928.20 (incl. VAT, if applicable) for bookings by 10 April 2024. After this date, the fee will be € 1,015.00 (net) / € 1,207.85 (incl. VAT, if applicable).