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WHAT
IS INSURANCE IMMERSION?
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| Insurance
Immersion is an intensive, interactive, 2½-day learning
experience that delivers industry-specific knowledge essential
to performing successfully in the North American life
insurance, annuity, and retirement products environment. |
| This
innovative immersion approach, originally used to quickly
provide fluency in foreign languages, offers several key
benefits: |
- 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, annuity or retirement products 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.
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Insurance
Immersion is ‘cutting edge’ training:
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- 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
20 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.
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WHAT
DOES INSURANCE IMMERSION COVER?
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| Through
this one-of-a-kind program, participants gain an understanding
of the unique nature of the life insurance industry—the
business strategy, industry structure, operations, products,
terminology, communication systems, internal controls and
more—and benefit from peer networking opportunities. Program
content includes: |
- Industry overview
- Ethical behavior,
compliance, governance, and control
- Administration, operational
efficiencies and risks, & service delivery
- Product profitability,
product design, and marketing
- Enterprise risk management
and company profitability
- Tools for continued
professional development
PLUS – “Hot
topics” for presentation and discussion selected by
participants and their managers
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| NOTE:
This program does not cover the health insurance
industry sector. |
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WHO
SHOULD TAKE INSURANCE
IMMERSION?
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| Many
life insurance companies today are hiring managers and
technical professionals from outside the life industry. To
gain credibility, operate efficiently and make important
business decisions, these associates need to be empowered with
industry knowledge. Insurance Immersion is designed to meet
this critical need. Insurance Immersion is perfect for: |
- Recently-assigned mid-level
managers who have responsibility for a
major unit in a North American life, annuity, or
retirement products 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, annuity, and retirement products
industry
As a guideline, a participant
should attend within 2-12 months of being assigned to a new
position.
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The
unique objectives of this program mean it is not for
everyone. A highly interactive learning environment,
Insurance Immersion is most beneficial if the participants
have similar job levels and experience. This program is not
intended for first line supervisors or senior executives.
A candidate’s background and industry experience would most
likely fall into one of the following categories: |
- 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 770-984-6451.
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HOW
DOES INSURANCE IMMERSION WORK?
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Beginning
with the application process, the candidate can expect a highly
participatory learning process.
Accepted participants meet with their management sponsor
before the session to identify individual learning objectives,
management expectations and topics for additional learning and
discussion.
To assure a level playing field and help prepare for active
and meaningful participation, attendees complete 6-8 hours of
pre-session work. This work includes: |
- Taking online courses and
completing directed reading assignments
- Gathering company-specific
data and learning tools
- Researching
industry-specific topics for discussion and formal
presentation at the program
Throughout
the 2 1/2 day session,
participants are immersed in an intensive learning experience,
obtaining instruction from experienced insurance professionals, participating in structured group
learning activities and panel discussions, and learning by
teaching and presenting topics researched as part of their
pre-work assignments.
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| At the
end of the session, participants review their individual goals
and obtain personalized recommendations for
continued professional development. They receive tips on how
to keep up with emerging industry developments. They return to
their jobs with the benefits of peer networking and the
employee development, research, and information sharing
resources that LOMA membership provides. |
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WHO
ARE THE INSTRUCTORS? |
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Jack Miceli, FLMI
Jack Miceli has over 20 years of Industry and Finance experience and is currently the Vice President, Americas Treasury Reporting and Analysis for ING North America based in Atlanta, GA. Throughout his career, Jack has managed the due diligence, financial analysis and treasury functions for a variety of national and international mergers, acquisitions and divestiture projects. He is well versed at identifying business trends, anticipating potential problems, and developing alternative solutions. 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 Moyer, ACS
Kevin Moyer has over 18 years of financial services and brokerage operations experience. Currently, Kevin serves as the Director of Annuity Services for Penn Mutual Life Insurance, where he manages the service of the annuity product line in the retail and 3rd-party distribution channels. Kevin has served on the Dalbar Advisory Board, LOMA committees, and is a National Association of Variable Annuities (NAVA) Operations Committee member. He is also a recognized keynote speaker at national industry conferences and a published author. 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 ACS.
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David Parr, FLMI, FLHC, AIRC, ACS
David Parr brings 20 years of insurance and financial services experience to his role as Director, Business Development for LOMA. Prior to joining LOMA, David served in various operational leadership positions that spanned Underwriting and Claims for a top 10 international company. He also served on the Georgia Claims Association Board from 2000 – 2005. David earned 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 holds several insurance and financial service designations, including FLMI, FLHC, AIRC, and ACS. |
John W. Riefler, CLU
John W. Riefler was an officer with AXA Equitable Life Insurance Company for 38 years. He held a wide range of management positions in the service delivery area of the company dealing with the life cycle of life insurance contract administration from underwriting to death claims. Additionally, he worked as Project Manager on many of the company’s product and system strategies, and was responsible for the development, implementation and review of life insurance procedures followed by producers and the National Operations Center in Charlotte, NC. Currently, John is a consultant to AXA’s Law Department, managing special market conduct projects.
John has extensive experience in the legal and regulatory aspects of life insurance and contract and business law, most recently serving as the legal and regulatory officer for service delivery, involved with such items as compliance, fraud, and anti-money laundering. He was also responsible for the coordination of state, SEC, and NASD Market Conduct/Audit Examinations, as well as other external and internal audits. |
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WHEN
& WHERE IS INSURANCE IMMERSION OFFERED?
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| Program
Dates: |
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October
22-24, 2008
Wednesday morning through midday Friday |
| Deadline
for Registration: |
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August
22, 2008 |
| Location: |
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LOMA
Headquarters, Atlanta, GA |
| Price
(including pre-work, program materials & most meals): |
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$1,995
($2,795 for Non-members) |
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Note:
Price does not include accommodations or airfare |
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