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AIDA 181: Big Data Analytics for Risk and Insurance

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Overview

Overview

Learn how to analyze big data and apply it to underwriting, claims, and risk management so you can make strategic decisions for your company. After completing AIDA 181, you’ll be able to create and implement a strategic data analytics strategy, use smart products technology, and apply traditional and modern analysis techniques.

6-8 WEEKS
Experienced

Skills You’ll Gain

checkmark Stay on top of current technology trends so you can recommend effective risk management techniques 
checkmark Collaborate with data scientists on insurance solutions with a comprehensive understanding of predictive modeling basics
checkmark Analyze large quantities of data so you can make strategic claims and underwriting decisions

Ready-Made Career Skills:

  • Big Data Analytics
  • Predictive Modeling
  • Strategic Data Analysis
  • Strategy Implementation
  • Data Management
  • Data Integration

Assignments

Assignment 1:
Exploring Big Data Analysis
45 Minutes
Assignment 2:
Managing Data
45 Minutes
Assignment 3:
Understanding Predictive Modeling
40 Minutes
Assignment 4:
Applying Traditional Analysis Techniques
35 Minutes
Assignment 5:
Applying Modern Analysis Techniques
30 Minutes
Assignment 6:
Using Smart Products Technology
50 Minutes
Assignment 7:
Applying Data Analysis to Underwriting
30 Minutes
Assignment 8:
Applying Data Analysis to Claims
25 Minutes
Assignment 9:
Applying Data Analysis to Risk Management
30 Minutes
Assignment 10:
Implementing a Data Analytics Strategy
35 Minutes
Study Plan

Exam Prep Tools

AIDA 181 comes with proven, comprehensive study materials to help you take The Institutes Designations’ exam with confidence:

  1. Practice Quizzes: Quickly see where your knowledge gaps are with online practice quizzes for each assignment and the full course. And bonus—take them as many times as you want.
  2. Simulated Exam: Designed to give you the full experience of your final exam, the simulated exam is a timed exam that you can take only once. It mimics the exam structure and level of questions you’ll find on the actual exam. Students who take their Institutes simulated exam pass their exams at higher rates than students who don’t.
  3. Discussion Boards: Better understand how concepts you’re learning apply to real-life, professional experiences by connecting, gaining tips, and sharing best practices with other individuals in your field.
  4. Flashcards: Test yourself on key terms with flashcards that help you fit studying into your busy schedule.
FAQ

FAQs

  1. Does this course give me credit toward The Institutes Designations?
    • Yes! AIDA 181 gives you credit toward the CPCU, Associate in Information Technology (AIT), and Associate in Data Analytics (AIDA) designations.
  2. How long does the course take?
    • AIDA 181 typically takes students 6-8 weeks to complete.
  3. How is The Institutes Designations’ exam structured?
    • Virtual exams are timed. You will have 65 minutes to complete 50 questions.
  4. What’s included in my course materials?
    • Your course materials include assignment quizzes, practice exams, and a simulated credentialing exam. Depending on the package you choose, you may receive a printed course book as well.
  5. How do testing windows work?
    • We offer The Institutes Designations’ exams in 4 testing windows throughout the year. You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete any time until 11:59 p.m. ET on the final day of the window.
      • Quarter 1: January 15 – March 15
      • Quarter 2: April 15 – June 15
      • Quarter 3: July 15 – September 15
      • Quarter 4: October 15 – December 15