Data Analysis & Processing

This course is designed to provide a comprehensive foundation in data analysis and processing techniques specifically tailored for the Finance & Insurance industries. Participants will learn how to effectively collect, clean, transform, and analyze large volumes of structured and unstructured data generated in various stages of the financial and insurance value chain. The course covers statistical methods, data visualization, and machine learning techniques to extract valuable insights and support data-driven decision-making in finance and insurance.

• Understand the importance and challenges of data analysis and processing in the Finance & Insurance industries

• Apply data collection, cleaning, and transformation techniques to ensure data quality and consistency

• Perform exploratory data analysis (EDA) and use statistical methods to gain insights from financial and insurance datasets

• Create effective data visualizations to communicate findings and support decision-making

• Implement machine learning algorithms for predictive modeling and anomaly detection in finance and insurance applications

1. Introduction to Data Analysis and Processing in Finance & Insurance

• Overview of data sources and types in the Finance & Insurance industries (e.g., market data, customer data, claims data)

• Data collection and integration techniques for structured and unstructured data

• Data quality assessment and data cleaning methods (e.g., handling missing values, outliers, and inconsistencies)

• Hands-on exercises: Collecting and cleaning a sample financial or insurance dataset using Python or R

2. Exploratory Data Analysis (EDA) and Statistical Methods

• Descriptive statistics and summary measures for financial and insurance datasets

• Univariate, bivariate, and multivariate analysis techniques

• Hypothesis testing and statistical inference for data-driven decision-making

• Time series analysis and forecasting methods for financial data

• Hands-on exercises: Conducting EDA and applying statistical methods on financial and insurance datasets

3. Data Visualization and Communication

• Principles of effective data visualization and visual perception

• Types of visualizations for different data types and purposes (e.g., line charts, scatter plots, heatmaps)

• Interactive data visualization using libraries such as Matplotlib, Seaborn, or Plotly

• Dashboard creation and data storytelling for communicating insights to stakeholders

• Hands-on exercises: Creating data visualizations and dashboards for financial and insurance datasets

4. Machine Learning for Data Analysis in Finance & Insurance

• Overview of machine learning techniques and their applications in the Finance & Insurance industries

• Supervised learning algorithms for regression and classification tasks (e.g., linear regression, logistic regression, decision trees)

• Unsupervised learning algorithms for clustering and anomaly detection (e.g., k-means, DBSCAN, isolation forest)

• Feature engineering and selection techniques for improving model performance

• Hands-on exercises: Implementing machine learning models for predictive modeling and anomaly detection in finance and insurance applications

• Basic understanding of mathematics and statistics

• Familiarity with programming concepts and a language such as Python or R

• Knowledge of database systems and SQL is beneficial but not required