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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
problem-solving.”
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 modules:
- 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 claims.
- 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.
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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.
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