An Overview of Insurance Industry

Insurance Industry Primer

How does the insurance industry work? What are the major insurance products, how are they distributed, and what are the roles of the key players?

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This primer will help you learn all this and more, from how insurers make money and how they are organized internally, to the key trends impacting the industry.

Course: 6 Chapters

Est. time: 45 mins

What's Covered In This Primer?

Introduction

Products

Value Chain

Economics

Operating Model

Trends

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Chapter 1 Breakdown

Why does the insurance industry exist?

Chapter 2 Breakdown

Property and casualty products
Life and Health products

Chapter 3 Breakdown

What are the end-to-end activities in the insurance value chain?
Who are the key players in the insurance ecosystem?
What is the role and impact of regulators on the industry?

Chapter 4 Breakdown

How do insurance companies generate revenue?
What are the key terms for understanding balance sheets in insurance?

Chapter 5 Breakdown

What are the functions / departments in an insurance organization?

Chapter 6 Breakdown

What are the key trends shaping the insurance industry?

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Insurance Industry Trends

Real-time mass data

Real-time, mass feeds of data through Internet of Things (IoT), sensors, etc. enable proactive and faster risk evaluation and identification of events.

AI & ML

The power of AI and ML to help analyze and interpret large data sets is particularly applicable to insurance, with use cases in pricing, process automation, and customer journey personalization.

Embedded insurance

Buying insurance as part of a product or service, instead of as a standalone product, reduces purchase friction, e.g., buying travel insurance as part of plane ticket purchase.

How Our Insurance Industry Primer Can Help

Build A Foundation

Go from newbie to knowledgeable in under an hour! Our primers break down the essentials of an entire industry - products, trends, terminology, and more - into a concise, easy-to-digest format. Gain the knowledge you need quickly, so you can hit the ground running with confidence and clarity.

Boost Your Credibility & Confidence

Stand out when it counts! Our primers are packed with industry insights, allowing you to navigate professional conversations with greater confidence and leave a lasting impression. With a solid foundation in industry knowledge, you'll feel prepared for any client conversation that comes your way.

Gain Competitive Edge

Nothing beats knowing! Our primers are concise but we never skimp on insights. Staying up-to-date on industry challenges, opportunities, and trends empowers business leaders to make informed strategic decisions and maintain a competitive edge.

Primed for Success

Trustworthy insights, sourced from subject matter experts

Organized and streamlined into digestible lessons

Presented in binge-worthy videos that learners love

Testimonials

I feel I have learned a lot in a limited amount of time. The materials were sharp and highlighted interesting facts and trends. I would definitely come back to learn more about other industries.

- Management Consultant

Industry-specific, real world examples make it easy to relate to the content and relate it to practical scenarios.

- Consultant

I have 20+ years in the industry so there was likely not much I had not heard before. That being said, I kept on thinking what a great overview this was and how beneficial it would be for new employees. Very well done.

- Insurtech Professional

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Frequently Asked Questions

What is a primer?

Think of a primer as your quick-start guide to understanding the landscape of an industry (such as Investment Banking, Renewable Energy, Retail, etc.).

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Industry information is readily available but Googling can lead you down a rabbit hole of scattered, inconsistent and text-heavy resources - leaving a fragmented picture of the industry. And this content can miss the mark: they’re either too long and full of extraneous details, making it tough for beginners to find what they need, or too short, leaving out critical detail.

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Primerli is changing this! All our primers are presented in a concise, engaging format, covering everything you need to know in binge-worthy videos.

Who are the primers intended for?

Primers are perfect for anyone looking to understand an industry, fast. Whether you’re a consultant preparing for a case in telecom; a salesperson hoping to make headway with a big pharmaceutical customer, or a student preparing for their first job interview, primers are the prep step that enables success.

How long does it take to complete a primer?

A full primer takes less than an hour. We pack tons of insights into each primer collection of bite-sized, binge-worthy videos that you can watch anytime, anywhere. Perfect for busy schedules - because learning shouldn’t take forever.

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And for industry aficionados, our primers are split into sections so you can bypass the introductory info and stay up-to-date on trends or brush up on terminology in less than 10 minutes.

What topics does the primer cover?

Each industry primer covers the essentials: key trends, terminology, value chain, economics, and products & services. But some of our technology and functional topic primers include additional sections to make sure all the critical information is covered and each primer is comprehensive.

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