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Introduction to data management functions and tools: IDMA 201 Course Study Guide

Book Description

This study guide is for the IDMA 201 course in the IDMA Associate Insurance Data Manager (AIDM) designation program.

This course defines data management, describes the functions of data managers, provides the business case for data management and introduces the student to concepts and tools used by data managers.

Whether you are an actuary, a claims professional, business analyst, or almost any of the other key functions, knowledge of data management can help you do your job better and help you prepare, understand, and protect the raw material-the data-so critical to your organization.

IDMA courses, workshops, and forums are highly recommended for a broad audience including new hires, IT and data modeling professionals who want to broaden their knowledge of the business side of insurance data management, anyone who manages and governs data in the industry (statistical, or management information data), and anyone who needs to use or communicate good quality data/information - from actuaries to underwriters, and claims and analytics professionals.

Students who complete the four IDMA-developed courses and successfully pass the examinations are awarded an Associate Insurance Data Manager (AIDM) designation. The IDMA courses may be taken in any order; there are no prerequisites. However, the courses are numbered to indicate a recommended sequence.

Table of Contents

  1. Introduction
    1. Using this Course Guide
    2. Exam Information
    3. Student Resources
  2. Assignment 1—Course Guide Data, Information, and Knowledge
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 1 Questions
  3. Assignment 2—Course Guide Introduction to Data Management
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 2 Questions
  4. Assignment 3—Course Guide Data Standards
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 3 Questions
  5. Assignment 4—Course Guide Data and Information Integrity
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 4 Questions
  6. Assignment 5—Course Guide Metadata and Metadata Management
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 5 Questions
  7. Assignment 6—Course Guide Reference Data and Master Data Management
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 6 Questions
  8. Assignment 7—Course Guide Data and Information Governance
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 7 Questions
  9. Assignment 8—Course Guide Information Security
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 8 Questions
  10. Assignment 9—Course Guide Data Modeling Fundamentals
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 9 Questions
  11. Assignment 10—Course Guide Document and Content Management
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 10 Questions
  12. Assignment 11—Course Guide Business Analytics and Predictive Modeling Overview
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 11 Questions
  13. Assignment 12—Course Guide Data Management Trends, Technologies, and Frameworks
    1. Educational Objectives
    2. Key Terms and Concepts
    3. Review Questions
    4. Discussion Questions
    5. Answers to Assignment 12 Questions
  14. Assignment 13—Course Guide What We Learned From IDMA 201
    1. Educational Objective
    2. Case Studies
    3. Answers to Assignment 13 Questions