WINDSOR, Conn., Aug. 23, 2017—LIMRA today announces its partnership with the University of Connecticut’s School of Business, supporting the mission of the new Center for the Advancement of Business Analytics (CABA). A major goal of the partnership is facilitating collaboration with the financial services industry.
“Our research shows the growing importance for our members to leverage business analytics and data science into their business operations,” said Robert Kerzner, president and CEO, LIMRA, LOMA and LL Global. “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.”
According to LIMRA research, 8 in 10 financial services firms are piloting or implementing at least one advanced big data analytics initiative. LIMRA’s study reveals one of the biggest challenges companies face is finding the right staff with the appropriate skillsets to meet their growing data analytics needs.
The establishment of UConn’s School of Business new center, CABA, is directed at alleviating these challenges. CABA is designed to be a hub for business analytics and data science – both academically and in business. The Center will support and help expand the University’s business analytics programs. In addition, CABA will work to enhance analytics driven research, thought leadership, and executive development. CABA will work with partner organizations, like LIMRA, to develop and enhance their stakeholders’ analytics capabilities.
“By creating CABA, the University of Connecticut is positioned to foster and support cutting-edge data analytics research and modeling that will advance business outcomes,” noted John Wilson, associate director of CABA. “These innovations will create mutually beneficial results for our business partners, our students and our university.”
Emphasizing the of public/private partnering that went into establishing CABA, Dean of the UConn School of Business John Elliott, offered the following, “We are delighted that LIMRA has stepped forward as our first formal partner organization. We appreciate the key role they played in our evaluation of the potential and design of CABA and look forward to years of collaboration.”
LIMRA, a worldwide research, consulting and professional development organization, is the trusted source of industry knowledge, helping more than 850 insurance and financial services companies in 64 countries. Visit LIMRA at www.limra.com. Follow us on Twitter: @LIMRANewsCenter
CABA supports the University and School od Business’ academic mission to serve area businesses, national organizations, students in our rapidly expanding MS-BAPM and BS-Business Analytics program, and faculty in their research centering on innovative application and extension of analytics methods.