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LOMA to Hold Next Insurance Immersion Course for Data Scientists at Northwestern Mutual Innovation Lab

ATLANTA, Sept. 26, 2019 — LOMA announced it will hold its next Insurance Immersion for Data Scientists at Northwestern Mutual’s innovation lab, Cream City Labs, in Milwaukee, Wisc., on November 6–8, 2019.

“Data is the building block for so much of what our member companies do today. As a result, many companies are hiring data scientists and analysts to help them manage the large amounts of structured and unstructured data that inform their day-to-day business decisions,” said Carie Crane, FLMI, ACS, AIRC, AIAA, vice president, LOMA Education & Training. “While these individuals offer unique and important skills and expertise, many have no previous experience in the life insurance industry. Our program provides a foundation of knowledge that will help them better understand the businesses they are supporting. We are pleased to partner with Northwestern Mutual to provide this critical training to the industry.”

Hosted by the Northwestern Mutual Data Science Institute, LOMA’s Insurance Immersion for Data Scientists program is tailored specifically for data scientists and delivered by expert instructors. The program provides fundamental knowledge about the life insurance business, focusing on how participants can apply their analytical expertise in this unique environment.

“The Northwestern Mutual Data Science Institute is excited to host LOMA’s new Insurance Immersion for Data Scientists course,” commented Keri McConnell who is the co-director of the Northwestern Mutual Data Science Institute. “This type of programming directly ties to our goal of building the data science talent pipeline for the Milwaukee region and helping data science professionals skill-up in this field. Many times we hear how data scientists excel at their craft but lack the context behind the data. This type of training is critical to closing that gap and delivering higher value insight and models in this industry.”

During the 2 ½ day, in-person training session, participants will:

  • Learn about products, key operational areas, and how insurers make money
  • Identify sources of data, and the opportunities and challenges for data analytics in this industry
  • Have a chance to ask their most pressing questions and discuss topics with knowledgeable instructors
  • Apply what they’ve learned in interactive case studies designed to promote integrated and collaborative thinking about how data analytics fits into the “big picture” at insurance companies.

The program is designed for anyone who analyzes big data and could benefit from a broader understanding of insurance company operations, including: data scientists, data and business analysts, data managers, and market researchers. “Our course is designed to give data experts a well-rounded understanding of the businesses they support and help them better apply their expert knowledge toward supporting their companies’ goals,” said Crane. “As with our other member offerings, this program was designed in consultation with our members to ensure it provided the critical information needed to help these professionals succeed in our industry.”

To learn more about Insurance Immersion for Data Scientists or register to attend the program, please visit: www.loma.org/ImmersionDS.

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About LOMA

Established in 1924, LOMA is committed to business partnerships with more than 900 worldwide members in the insurance and financial services industry. LOMA’s goal is to improve company management and operations through quality employee development, research, information sharing and related products and services. Visit LOMA at www.loma.org.

About Northwestern Mutual

Northwestern Mutual has been helping families and businesses achieve financial security for more than 160 years. Through a distinctive, whole-picture planning approach, we empower our clients to make the most of every single day and plan for important moments in their future. We combine the expertise of our financial professionals with a personalized digital experience to help our clients navigate their financial lives every day. With $272.2 billion in assets, $28.5 billion in revenues, and $1.8 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.5 million people who rely on us for life, disability income and long-term care insurance, annuities, and brokerage and advisory services. The company manages nearly $150 billion of investments owned by our clients and held or managed through our wealth management and investment services businesses. Northwestern Mutual ranks 111 on the 2019 FORTUNE 500 and is recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2019.