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AIDA 182: Risk and Insurance Analysis Techniques

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Overview Skills You’ll Gain Exam Prep Tools FAQs
Overview

Overview

Build your analytical skills and learn how to apply them to loss exposures, ratemaking, risk control, and operational processes. After completing AIDA 182, you’ll be able to classify and analyze risk, use probability distributions, develop insurance rates, and more.

6-8 WEEKS
Experienced

Skills You’ll Gain

checkmark Classify and categorize risks to find the biggest threats and prioritize which should be managed first 
checkmark Use risk modeling to identify possible catastrophic outcomes and help customers estimate potential losses
checkmark Understand how rates are determined so you can confidently explain premium decisions to customers

Ready-Made Career Skills:

  • Risk Analysis
  • Risk Modeling
  • Exposure Assessment
  • Loss Reserving
  • Business Performance Management
  • Probabilistic Models

Assignments

Assignment 1:
Classifying and Analyzing Risk
40 Minutes
Assignment 2:
Using Probability Distributions
25 Minutes
Assignment 3:
Modeling Risk
55 Minutes
Assignment 4:
Identifying and Analyzing Loss Exposures
25 Minutes
Assignment 5:
Setting Loss Reserves
40 Minutes
Assignment 6:
Developing Insurance Rates
55 Minutes
Assignment 7:
Controlling Risk
50 Minutes
Assignment 8:
Analyzing Business Performance
25 Minutes
Study Plan

Exam Prep Tools

AIDA 182 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 182 gives you credit toward the Associate in Data Analytics (AIDA) designation.
  2. How long does the course take?
    • AIDA 182 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