New LOMA Course Focuses on Operations, Bottom-Line Results
ATLANTA - April 21, 2009 - To support insurance
companies as they focus on improving operational efficiency and
effectiveness, LOMA has developed and launched Improving the Bottom
Line: Insurance Company Operations, a new course aimed at helping
employees understand their role in insurance operations and how
their individual efforts affect their company's financial success.
The new course also completes the curriculum for LOMA's Need 2 Know
series of learning and development programs.
"In order to be truly effective, employees need to know how
their jobs fit in the big picture," said Kathy Milligan, FLMI, Vice
President, Education & Training at LOMA. "Once they understand
the relationships among the operating areas, they are much more
likely to become involved in process innovation and creative
Improving the Bottom Line: Insurance Company Operations (LOMA
291) uses video vignettes and other highly media-rich online
experiences to teach insurance operations. Learners "virtually
visit" major operational areas in an insurance company to learn how
functions and inter-departmental relationships play key roles in a
company's overall performance.
The course connects learners through four interactive
- The Big Picture: Offers a look into corporate structure and
enterprise risk management.
- Product Administration: Takes learners into product
distribution, new business and underwriting, customer service and
- Marketing & Product Development: Guides the learner through
the introduction and evaluation phases of new products, as well as
the marketing aspects tied to them.
- The Bottom Line: Provides a view of accounting, financial
reporting, investment and treasury operations, audit and
profitability and capital management.
Established in 1924, with 1,200 plus member companies in over 80
countries, LOMA is committed to a business partnership with its
world-wide members in the insurance and financial services industry
to improve their management and operations through quality employee
development, research, information sharing and related products and
services. To find out more about LOMA and the learning
opportunities it offers, visit LOMA's Web site at www.loma.org.