WHAT IS INSURANCE IMMERSION?

WHAT DOES INSURANCE IMMERSION COVER?

WHO SHOULD TAKE INSURANCE IMMERSION?

HOW DOES INSURANCE IMMERSION WORK?

WHO ARE THE INSTRUCTORS?

WHEN & WHERE IS INSURANCE IMMERSION OFFERED?

QUESTIONS ABOUT THE PROGRAM?

HOW TO APPLY

WHAT IS INSURANCE IMMERSION?

• It’s effective. In lively and fast-paced sessions, program participants live and breathe insurance for 2 ½ days as they move from understanding to application and synthesis. Insurance Immersion is an ideal learning environment for people who recently have been assigned a middle management or consultative professional role in a life or annuity company but have limited or no insurance experience.

• It's fast. The program involves 6-8 hours of individual pre-class preparation and 2 ½ days of intensive instruction and class work, enabling participants to accelerate their transition to their new job and make positive contributions quickly and effectively.

• It’s comprehensive. A committee of insurance industry leaders has identified the critical course topics and learning outcomes. Insurance Immersion offers participants access to LOMA’s 80+ years of industry know-how.

• The program’s instructors are subject matter experts highly respected for their real-world experience and knowledge of the industry.

• Class size is limited to 25 students who have been recommended by their companies and carefully screened by LOMA to ensure a good fit for the immersion experience.

• Immersion is not for the passive learner! Participants must be ready to join in structured group learning activities, lively discussion, and networking.

WHAT DOES INSURANCE IMMERSION COVER?

• Industry overview

• Life and annuity products, distribution, product profitability, and new product trends

• Underwriting, customer service, claims, operational efficiencies and risks

• Financial statement basics, financial accounting standards, and risk control

WHO SHOULD TAKE INSURANCE IMMERSION?

• Recently-assigned mid-level managers who have responsibility for a major unit in a North American life or annuity company but have limited or no industry experience
  
• Experienced/credentialed technical professionals (IT, HR, Training, Accounting, etc.) previously employed in another industry or industry sector who will benefit from a broad understanding of the North American life and annuity products industry

As a guideline, a participant should attend within 2-12 months of being assigned to a new position.

• No industry experience, but a seasoned manager or a fully credentialed technical professional coming from another industry or industry sector

• Insurance industry experience, but not in the product line to which he or she is newly assigned

• Life insurance product line experience in a limited area, but virtually no exposure to factors requiring breadth of vision, such as broad industry issues and cross-functional linkages

If you have any questions about whether you should apply, please contact LOMA via e-mail at  insuranceimmersion@loma.org or phone at 770-951-1770 ext. 662.

HOW DOES INSURANCE IMMERSION WORK?

Throughout the 2 1/2 day session, participants are immersed in an intensive learning experience, obtaining instruction from experienced insurance professionals and participating in structured group learning activities.

WHO ARE THE INSTRUCTORS?

Mark S. Adel, FLMI, FFSI, AAPA, AIRC, PCS

Mark manages learning support, technology, and solutions in LOMA's Learning and Development Division and has management responsibility for the Insurance Immersion program. He has developed a number of LOMA textbooks and online courses. 

Mark joined LOMA in 1997 after eighteen years in the insurance industry. He began his career as a group contract analyst at Aetna Life & Casualty. At Prudential Financial he served as managing director responsible for contracts, compliance, and several home office support functions for the southern regional group office in Atlanta. He holds a Bachelor's degree from Rowan University.

Kevin Head, Ph.D., FLMI, AFSI, ACS

Kevin is currently responsible for the content, instructional design, and delivery of LOMA's Insurance Immersion program. Prior to joining the Immersion team, Kevin has worked on textbook projects, including Life and Health Insurance Marketing and Personal Financial Planning. 

Kevin began working at LOMA in June 2007 after several years in the fields of counseling and ministry. He brings more than 15 years of experience as a group facilitator and instructor. Kevin earned a BA degree from Furman University and holds a Master's degree and Doctor's degree in counseling.

Donald has been part of the insurance industry for over 17 years. His experience encompasses Pension Plan funding and valuation, U.S. and Foreign Regulatory and Capital Reporting, Asset-Liability Management, Cash Flow Modeling and Financial Projections, Asset Portfolio Management, Mergers & Acquisitions, and Risk Measurement and Management. Donald is currently Vice President and Appointed Actuary for AEGON USA, with responsibility for all lines of business including traditional whole and term life, universal life, long term care, fixed annuities, variable annuities, reinsurance, retirement products, and structured/institutional products. Donald is currently Secretary of the Investment Section Council of the Society of Actuaries. He is a presenter at Actuarial meetings and has authored or edited articles published in actuarial newsletters such as "The Financial Reporter" and "Risks & Rewards". He serves on the Textbook Development Panels for the LOMA publications Statistics & Decision Sciences in Information Management and Risk Management and Product Design for Insurance Companies, and on the examination panel for LOMA 371. He is also the liaison for the Society of Actuaries Investment Track examinations.

Donald earned a BSc in Physics from the University of Alberta, a BEd from the University of Western Ontario and a Post Graduate Diploma in Actuarial Science from the University of Waterloo.

Jack earned a BS in Accounting from Auburn University and a Master of Business Administration degree in Finance from the University of Hartford. Additionally, Jack holds the FLMI designation and obtained his Six Sigma Executive Green Belt. 

Kevin earned a BS degree in Management from Bloomsburg University and a Master of Business Administration degree with honors with a concentration in Operations Management from LaSalle University. He also holds insurance and financial services designations, including the FLMI and ACS.

David Parr, FLMI, FLHC

David Parr is a Life Underwriter for Genworth Financial and has over 20 years of insurance and financial services experience.  Prior to joining Genworth, David was the Director of Business Development for LOMA from 2006 to 2008, and prior to LOMA served in various operational leadership positions that spanned Underwriting and Claims for ING. He also served on the Georgia Claims Association Board from 2000–2005.  

David has a BA degree with honors from Georgia State University and a Master of Business Administration degree with a concentration in Human Resources from Kennesaw State University.  He also has several insurance and financial service designations including FLMI and FLHC.  

Marianne Purushotham, FSA, MAAA

Marianne Purushotham is a member of the Watson Wyatt Insurance and Financial Services practice in Hartford, CT.  Marianne has a Masters Degree in applied mathematics from Virginia Polytechnic Institute, is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. Prior to joining Watson Wyatt, Purushotham worked for LIMRA International where she directed the individual life and disability insurance industry research programs. She was also responsible for managing the individual life, disability income, and long-term care insurance actuarial experience studies including lapse and policyholder behavior. 

Marianne also worked for MassMutual, New England Life and Travelers where her responsibilities included management of the individual disability income financial reporting and valuation functions, pricing fixed and variable annuity products, and financial reporting and valuation for individual life insurance and annuity product lines.

Elaine F. Tumicki, CLU, ChFC, LLIF

Elaine Tumicki directs LIMRA’s Product Research team, which is responsible for research on individual and group life, health, disability, and long-term care products. The Product Research team conducts ongoing surveys on sales, persistency, and product design, as well as marketing studies and company practices studies that respond to the needs of LIMRA’s various constituencies.

Elaine also serves as a resource on industry performance measures to LIMRA staff, member companies, and the media. She is staff representative to LIMRA’s Individual Life Insurance Study Group and DI/LTC Committee, and is a liaison to various other committees and study groups. Elaine is a graduate of the University of Connecticut.

William A. (Bill) Waldie Jr. is a Sr. Vice President; Government/Industry Relations and AFP Annuity Product Development for Transamerica Life Insurance Company's Annuity Products and Services Group. Bill is a thirty-one year veteran of the AEGON companies, and in 1980 was a co-developer of the Annuity Division. He received his Bachelor of Science Degree in Psychology from Coe College of Cedar Rapids, IA in 1973. 

Many people today are concerned about having saved enough for retirement and making what they do have last during their retirement years. For twenty-eight years, Bill has helped create annuity and life insurance product solutions and strategies to meet this important long term need. Bill works closely with Members of Congress, State Regulators, AEGON's Government Relations Staff and Industry Trade Associations to develop incentives and simple regulations to promote and support these vital solutions.

WHEN AND WHERE IS INSURANCE IMMERSION OFFERED?

and

October 21–23, 2009
Windsor, CT
Wednesday morning through mid-day Friday
(Early registration deadline is August 21)

and

November 11–13
Toronto, ON
Wednesday morning through mid-day Friday
(Early registration deadline is September 18)

Before the Early Deadline:

• LIMRA/LOMA Members:
  $1,995
  $2,094.75 ($1,995.00 + $99.75 GSD) for the Toronto Session

• Non-Members:
  $2,995
  $3,144.75 ($2,995.00 + $149.75 GSD) for the Toronto Session

After the Early Deadline:

• LIMRA/LOMA Members:
  $2,095
  $2,199.75 ($2,095.00 + $104.75 GSD) for the Toronto Session

• Non-Members:
  $3,095
  $3,149.75 ($3,095.00 + $154.75 GSD) for the Toronto Session