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LOMA Helps Industry Employees Achieve Financial Fluency with New Course

ATLANTA - July 12, 2010 -LOMA has introduced a new designation-level course, Business and Financial Concepts for Insurance Professional (LOMA 307), to help employees attain a well-rounded understanding of key economic and financial concepts that affect insurance operations and company profitability. 

"This new course covers a broad scope of business and financial concepts at a basic level," said Kathy Milligan, FLMI, ACS, vice president of LOMA's Education and Training Division. "It was designed so that employees who have little or no background in these areas will come away with a well-developed understanding of financial concepts that they encounter in their work, especially those related to their company's bottom line." 

Topics covered in this course include:

  • The Role of Insurance in the Economy
  • Insurance Company Management
  • Managing Solvency and Profitability
  • Product Design and the Time Value of Money
  • Achieving Operational Efficiency
  • How the Economy Affects Insurance Companies
  • Financial Reports and Plans
  • Understanding Financial Ratios
  • Presenting Data Visually
  • Analyzing Population Data
  • Analyzing Sample Data

Learners pursuing the Associate, Life Management Institute (ALMI) designation will find that this new course replaces Investment Principles and Institutional Investing (LOMA 356).  The new course, which is offered through online study materials, also enhances their preparation for other financial courses in the flagship Fellow, Life Management Institute (FLMI) designation program.   

More information about LOMA 307 and the innovative online study resources designed for this course can be found in the Course Portal section of www.loma.org

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About LOMA

About LOMA 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.

Contact:
Paul Wilson
LOMA
770-951-1770
wilsonp@loma.org