What about a new life insurance product? And what about developing it amidst these crazy Corona-period? Nonsense or a smart 'experiment'?

However, the need for new life insurance products in the low interest rate environment and the limitations during lockdown period and physical distancing have been the starting point for a product development of a special kind.

The web session leads through the major steps of the development cycle for a new product for retirement provision (savings). In addition, we will have a closer look at different 'puzzle pieces', that are available in the market and which accelerate and facilitate the development of the product.

No doubts, technology offers solutions that may help to handle the present challenges and issues of the industry much better. The major question is, how to get aware of them and how to use them right. Furthermore, other available resources and further 'puzzle pieces' may complete the work.

If you are looking for insights in a real product development project during Corona-period, then joining this web session is a must!

A special feature of the challenge is, that all involved people will not meet physically. They all work 'remote only'. And for the avoidance of doubts, the product is still far from being live in the market while these lines are written. So, stay curious if and how the project team will manage to develop the product.

Organised by the EAA - European Actuarial Academy GmbH.

The web session is open to all interested persons in life insurance and life insurance product development. Participants need not to have any prior knowledge in the discussed field. However, a certain curiosity and an open mind set towards innovation and transformation of insurance business may be helpful and beneficial.

Technical requirements and test session
Please check with your IT department if your firewall and computer settings support web session participation (the programme GoToTraining is used for the web session). Please also make sure that you are joining the web session with a stable internet connection. 

On 18 June 10:00 – 10:30 CEST, there will be a test session offered to all registered participants to test the software.

The aim of this web session is to provide insights in a modern product development project. It could be a role model and blue print for others – from a technical and a philosophical perspective.

The language of the web session will be English.

Frank Genheimer
Frank is Managing Director and Partner with New Insurance Business (NIB), a consulting company that offers strategic and tactical consulting in the area of innovation and digitization for insurers and their cooperation partner.
NIB provides a portfolio of connected start-ups and cooperation partner as well as a set of jointly developed digital concepts.
Before Frank founded NIB, he worked as product developer, project manager, product manager and life actuary with different insurance groups and for several European countries.
Frank is a qualified member of the German and Swiss society of actuaries. In addition, he is a regular speaker and moderator at seminars, workshops and various other events throughout the financial service industry.