Certification Industry: Insurance
Certificate Name: Associate in Insurance Data Analytics
Certificate Issuing Authority: TheInstitutes.org
Due to the accumulation of big data and new business structures, it became imperative for The Institutes to come up with the Associate in Insurance Data Analytics (AIDA) credential.
It aids in the preparation for advances in risk and insurance applications.
The need for a carefully planned data-driven decision arises to ensure an organization’s successful performance.
Average Salary Range
India: 4,13,882 INR
Who Should Apply?
A transformation in the business models has resulted in building and maintaining talented analytical teams to achieve the goals set by management. Therefore, AIDA certification holders play a major role in these organizations.
Underwriters, Claim Managers, Insurance Data Managers, Business Executives, and Regulatory Compliance Specialists should apply for AIDA.
Predictive Modeling -
A significant number of Insurance professionals find gaining knowledge of predictive modeling to be a career magnifier along with it being the foremost parameter for judgment of an employee’s performance.
Overcoming Challenges -
The data-driven companies face challenges as to the employment of skilled professionals, as they are expected to interact with the data scientists every now and then. It is not possible for everyone to connect the dots between insurance professionals and data scientists, but AIDA certification holders.
Step I. CORE
Building a solid knowledge base.
AIDA 181: Big Data Analytics for Risk and Insurance
Step II. ELECTIVES
Focus based on your career.
*Completion of one elective course is required.
CPCU 520: Connecting the Business of Insurance Operations
Cyber 301: Managing Cyber Risk
Step III. ETHICS
Understanding ethical decision making.
Ethical Decision Making in Risk and Insurance
Ethical Guidelines for CPCUs
Time Taken To Complete The Certification
The average completion time for Associate in Insurance Data Analytics (AIDA) credential is 9-15 months which spreads across the following courses:
AIDA 181 (5-7 weeks)
CPCU 520 (5-7 weeks)
Cyber 301 (4-6 weeks)
For more details, log on to Associate in Insurance Data Analytics (AIDA).