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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 and annuity 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 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.
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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
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.
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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—and benefit from peer networking opportunities. Program
content includes: |
- 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
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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 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.
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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 770-951-1770 ext. 662.
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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. |
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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.
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| At the
end of the session, participants 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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The following industry
professionals have participated in the development and
delivery of LOMA’s Insurance Immersion Program:
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.
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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
R. Krouse, FSA, MAAA, CFA, ChFC, CLU, FFSI, FLMI, ACS, AIAA,
AIRC, ARA
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.
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Jack Miceli, FLMI
Jack Miceli has over 20 years of Industry and Finance experience and is currently the Vice
President of Capital and Liquidity Management for AEGON USA in
Louisville, KY. 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.
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Kevin Moyer,
FLMI, ACS
Kevin Moyer has over 19 years of financial services and brokerage operations experience. Currently, Kevin serves as the
Assistant Vice President, Annuity Services for Penn Mutual Life
Insurance. He 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
the FLMI and ACS.
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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.
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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. |
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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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. |
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Bill Waldie
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. |
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WHEN
& WHERE IS INSURANCE IMMERSION OFFERED?
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| Program
Dates: |
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August
26–28, 2009
Wednesday morning through mid-day Friday
(Early registration deadline is June 26)
and
October 21–23, 2009
Wednesday morning through mid-day Friday
(Early registration deadline is August 21)
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| Location: |
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LIMRA Headquarters, Windsor, CT |
| Price
(including pre-work, program materials & most meals): |
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$1,995
($2,995 for Non-members) |
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Note:
Price does not include accommodations or airfare. |
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