C1.6 Why Data is King
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Lesson Rating8.7/10
Participant Feedback
“
Everything I need to know about the basics of DATA was captured in the lesson
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Good introduction to data analytics concepts for someone who did not work on data programs
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"It was the most interesting lesson or me because I get a lot of new insights regarding data. "
Lesson Overview
This lesson dives into to explore what data is and how it can be managed. Some of the implications for insurance are explored including the critical role of data in pricing risk.
This lesson, led by Frederik Bisbjerg, is part of the course called “Our Changing World” that itself is part of the world’s leading learning & development programme on digital insurance created and maintained by the TDI Academy which is part of The Digital Insurer.
Learning Goals
Lesson Duration | 70 min1Explain the main digital technologies shaping the collection, storage, and use of data in the new knowledge economy
2Evaluate the use and application of data in business and the insurance industry
3Explain the issues regarding the privacy and protection of data
4Discuss the ethical use of data in insurance including underwriting and claims management
5Apply concepts related to data management and data to security to the insurance industry
Lesson Topics
1Data in Insurance: The data framework
2Can you swim in a data lake?
3Should Big Brother set your premium?
To pass this Lesson
Mark all topics as complete
Pass the multiple choice questions
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