LIMRA has partnered with the University of Connecticut’s School of Business in supporting financial services companies’ analytics projects.
According to research by the life insurance trade association, 80% of organizations are now piloting or implementing at least one advanced analytics initiative. Yet, a big challenge remains finding the right talent and skill sets to meet growing industry needs.
UConn’s new Center for the Advancement of Business Analytics (CABA) is designed to be a hub for business analytics and data science, the companies said. CABA will work with LIMRA on analytics-driven research to enhance its members’ technology capabilities.
“Working with the University of Connecticut, we hope to help our members advance their individual data analytics initiatives as well as develop projects that could benefit the industry as a whole,” said Robert Kerzner, president and CEO of LIMRA, in a statement.
CABA’s Associate Director John Wilson added the center's creation positions the university to foster and support data analytics research and modeling for greater business outcomes.
"These innovations will create mutually beneficial results for our business partners, our students and our university," he concluded.
