Overview
Who Attends
- Newly recruited professionals who need to learn about the industry
- Emerging leaders who need a broader perspective of the business
- Skilled professionals with roles expanding beyond a single business unit
Highlights
To succeed, new hires and emerging leaders need a solid understanding of the industry and business in which they work. Insurance Immersion can help! This unique, instructor-led program explains and connects key concepts to promote a holistic view of the life insurance business, which improves collaboration and decision-making.
New in 2022
Course Credit Toward LOMA Designation Programs
Starting January 2022, Insurance Immersion participants will receive credit for LOMA’s FLMI Level 1 Certificate in Insurance Fundamentals courses (LOMA 280/281 and LOMA 290/291). This new benefit now provides participants with the FLMI Level 1 Certificate in Insurance Fundamentals and a jump-start to earning a prestigious industry designation.
Insurance Immersion includes nine modules that cover essential topics including:
- The role of risk in life insurance products and company operations
- Unique aspects of the life insurance business, including regulation
- Features of life insurance and wealth products, including sales trends
- Overview and evolution of individual life insurance distribution
- How insurers make money, with a focus on solvency and profitability
- Fundamentals of risk assessment and evolution of the underwriting process
- Steps in and importance of the claim administration process
Session Details
Day 1
9:30 a.m. - 12:30 p.m. (EST):
- Life Insurance Industry Overview
- Individual Life Insurance Products: Term and Whole Life
1:30 p.m. - 4:30 p.m. (EST):
- Individual Life Insurance Products: Universal Life
- Supplemental Benefits
- Living Benefit Products
- Life Insurance Product Pricing and Profitability
Day 2
9:30 a.m. - 12:30 p.m. (EST):
- Insurance Wealth Products
- Insurance Distribution Channels
1:30 p.m. - 4:30 p.m. (EST):
- Sales and Service
- Regulation and Compliance
Day 3
9:30 a.m. - 12:30 p.m. (EST):
- Insurance Company Operations
- Life Insurance Underwriting
- Claims Administration
1:30 p.m. - 4:30 p.m. (EST):
- Finance and Risk Management
Day 4
9:30 a.m. - 12:30 p.m. (EST):
- The Changing Insurance Landscape