Risk and Insurance Analytics and Trends

Catalog description

This course explores the use of applied analytics in the analysis of risk and insurance data to enable more effective decision making across the industry and examines future trends that will impact risk management and insurance companies and the industry going forward. An analysitcs strategy and execution framework will be examined, along with a business intelligence strategy framework, insurance industry data flows, and commonly used analytics to support key processes. Students will gain experience in planning and executing analytics applications to analyze data supporting insurance company processes. Also, we will examine how the use of AI in the insurance value stream can increase quality and provide information that can lead to more informed business decisioning. In addition to AI, we will examine how the increasing use of digital, InsurTech, other technologial innovations, and other industry disruptions are impacting the insurance industry.