InsurTech Pricing: Build Insurance Models in Excel

The insurance industry is evolving rapidly, with modern technology reshaping how risk is assessed and premiums are calculated. Building your own digital pricing tool allows you to understand the core mechanics of modern InsurTech solutions. In this text-only course, you will learn how to construct a functional insurance pricing model from scratch using Excel. You will transition from understanding basic insurance principles to implementing dynamic calculations that simulate real-world pricing scenarios. What you'll learn: - Understand the foundational concepts of insurance risk, premiums, and InsurTech pricing structures. - Design a clean, structured Excel layout optimized for financial and risk modeling. - Apply modern Excel formulas, including dynamic arrays and advanced lookups, to calculate premiums. - Build risk rating factors and adjust pricing based on user inputs and demographic data. - Implement basic sensitivity analysis to see how changes in risk affect final pricing. - Practice auditing and troubleshooting your Excel model to ensure calculation accuracy. The course starts with essential terminology and the basic mathematics of insurance risk. From there, you will step through the process of structuring your workbook, writing formulas, and refining the model into a responsive pricer. This course is designed for beginners interested in insurance, finance, or product development, with no prior advanced modeling experience required. Start reading today to build your practical understanding of InsurTech pricing.