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Center of Excellence for Analytics

About LIMRA’s Center of Excellence for Analytics 

We believe the future of insurance will rely on the power of analytics. Our team of data modelers is partnering with members to ask important questions, find root causes, and drive business results. We are analyzing our extensive industry data, collecting fresh input, and creating new predictive models.

Current and Upcoming Projects 

Agent Production and Retention: This series of models will use agent demographics and performance measures to predict which agents

  • Will produce the most revenue
  • Will be retained longer by their company
  • Have the greatest lifetime value to their company

Annuity Buyer Propensity model: Using customer demographics and behavioral factors to predict who is more likely to buy annuities.

Fixed Index Annuity Surrender model: Using contract features and customer demographics to predict which fixed index annuity customers are more likely to surrender their contracts.

Individual Life Buyer Propensity model: Using customer demographics and behavioral factors to predict which customers are more likely to buy individual life insurance.

Long-Term Care Lapse model: Using policy features and customer demographics to predict which long-term care policyholders are more likely to lapse their policies.

Variable Annuities Surrender model: Using contract features and customer demographics to predict which contracts are likely to be surrendered

To learn more: Contact Vikram Kamath at 860-298-3833 or vkamath@limra.com.

Related Research and Services 

Analytics and the Actuary — Actuaries are known for possessing strong industry knowledge and using robust (if traditional) approaches to data. Learn how companies are using their skills to improve their data analytics programs.

Big Data Analytics in Financial Services — Learn how insurers are using big data analytics to improve results throughout the enterprise — and how they are organizing and staffing their programs.

Raising the Bar: An Assessment Framework for Big Data Analytics Programs — This report gives you a framework for considering the various dimensions of a data analytics program, evaluating the maturity of each dimension in each dimensions, and identifying areas to improve.

Advanced Analytics Study Group — Analytics leaders meet to explore how insurers are using big data and analytics to find insights and drive business.

About Vikram Kamath

Vikram Kamath - LARGE

Vikram has been Director of the LIMRA Center of Excellence for Analytics since it was founded in August 2017. Prior to joining LIMRA, he spent five years working at Travelers Insurance, most recently as a data scientist in the bond division, where he led analytics research projects and built predictive models to help executives set business strategy. Vikram holds a Master of Science degree in Business Analytics from the University of Connecticut School of Business, and an undergraduate degree from Cornell University.

About Our Partnership with the University of Connecticut

We have partnered with the University of Connecticut’s Center for the Advancement of Business Analytics to access different perspectives and diverse analytic skills. This will help us develop projects that benefit the industry as a whole help and help LIMRA members advance their data analytics initiatives.