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1.6 Why Data is King

Data led insights and actions will be the norm

1.6 Why Data is King

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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.

The full list of lessons and courses is available here.

Learning Goals
Lesson Duration | 70 min
1Explain 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 strategy framework
2Can you swim in a data lake?
3Data in insurance
4Should big brother set your premium?
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Pass the 10 multiple choice questions
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