The Institutes Introduce New Insurance Data Analytics Designation

Malvern, PA (PRWEB) September 20, 2016

The Institutes, the leading insurance education provider for the risk management and property-casualty industry, has released an Associate in Insurance Data Analytics (AIDA) designation.

The AIDA designation was created in response to rise and increasing impact of big data and new business technologies and provides an overview of advanced analytics and its application to the risk and insurance industry.

By completing the four required courses, professionals who earn the AIDA designation will learn to:

• Confidently discuss big data and predictive modeling with data scientists
• Build foundational knowledge to prepare them for continuous advances in risk and insurance analytics
• Effectively make data-driven decisions that can impact their organization's performance

"As the traditional insurance company business model moves to one driven by analytics, it is increasingly important for companies to build and maintain talented analytical teams," said Stephen Lowe, president of the Casualty Actuarial Society (CAS) and former managing director at Willis Towers Watson. "The Institutes' new designation, along with a technical analytics credential being developed in collaboration with The CAS Institute, will help insurance companies strengthen their analytical teams by providing education and a benchmark for the requisite knowledge to perform in the emerging data driven model."

Risk management, underwriting and claims professionals who need a fundamental understanding of analytical techniques for big data and senior executives, data managers, and regulators who need knowledge of modern analytics to carry out their duties, can benefit from this course.

For more information on AIDA, please visit The Institutes website here: https://www.theinstitutes.org/guide/designations/associate-insurance-data-analytics-aidatm

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About The Institutes | Risk and Insurance Knowledge Group
The Institutes are the leader in delivering proven knowledge solutions that drive powerful business results for the risk management and property-casualty insurance industry. The Institutes' knowledge solutions include the CPCU® designation program; associate designation programs in areas such as claims, risk management, underwriting and reinsurance; introductory and foundation programs; online courses; research; custom solutions; assessment tools; career-building opportunities and continuing education courses for licensed insurance professionals.

CPCU is a registered trademark of The Institutes. All rights reserved.

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