Insurance professionals are one of the key 'go-to' people when it comes to people who need financial opinion. These professionals are supposed to be aware of the latest developments in the industry as well as their own insurance sector.
Such capability allows them to not only generate more value for their existing clients but also grow their business at a rapid pace by offering specialized advisory and consulting service. Understanding the need of the hour, LOMA, the premier industry body for training of insurance professionals has launched a new course which equips them to deliver sound financial opinion to people who contact them towards this end.
The new course went live in mid 2010 and has been coded as LOMA-307. This is designation level course and has been given the title of 'Business and Financial Concepts for Insurance Professional". The goal of this course is to enable employees of insurance companies as well as independent insurance agents achieve a well-rounded knowledge of key economic and financial concepts in general. The course also lays special stress on all the economic factors which tend to impact insurance operations and overall profitability of the sector. With this course, LOMA is now able to provide financial fluency to insurance professionals in a well structured manner.
For the people who are pursuing 'Associate, Life Management Institute (ALMI)' designation offered by LOMA, this course is to be taken up in lieu of LOMA 356 course which was titled as 'Investment Principles and Institutional Investing'. The change is necessary because the LOMA 356 course has been rendered obsolete in the wake of recent developments in the insurance sector and shall be sunsetted very soon. One key advantage of this new course is a great support for LOMA's prime designation program, 'Fellow, Life Management Institute (FLMI)'.
In the words of Kathy Milligan, FLMI, ACS, vice president of LOMA's Education and Training Division, "This new course covers a broad scope of business and financial concepts at a basic level. It was designed so that employees who have little or no background in these areas will come away with a well-developed understanding of financial concepts that they encounter in their work, especially those related to their company's bottom line."
The course is being offered online which means that the students can take it up as per their own convenience. As is with other LOMA courses, this course does not come with a heavy fee burden either and is easily available in special corporate sponsored schemes where insurance and financial service companies can enroll their employees en masse for this course and have it centrally administered and tested.
The LOMA 307 course is expected to add great value to practicing as well as aspiring insurance professional's careers.
The new course went live in mid 2010 and has been coded as LOMA-307. This is designation level course and has been given the title of 'Business and Financial Concepts for Insurance Professional". The goal of this course is to enable employees of insurance companies as well as independent insurance agents achieve a well-rounded knowledge of key economic and financial concepts in general. The course also lays special stress on all the economic factors which tend to impact insurance operations and overall profitability of the sector. With this course, LOMA is now able to provide financial fluency to insurance professionals in a well structured manner.
For the people who are pursuing 'Associate, Life Management Institute (ALMI)' designation offered by LOMA, this course is to be taken up in lieu of LOMA 356 course which was titled as 'Investment Principles and Institutional Investing'. The change is necessary because the LOMA 356 course has been rendered obsolete in the wake of recent developments in the insurance sector and shall be sunsetted very soon. One key advantage of this new course is a great support for LOMA's prime designation program, 'Fellow, Life Management Institute (FLMI)'.
In the words of Kathy Milligan, FLMI, ACS, vice president of LOMA's Education and Training Division, "This new course covers a broad scope of business and financial concepts at a basic level. It was designed so that employees who have little or no background in these areas will come away with a well-developed understanding of financial concepts that they encounter in their work, especially those related to their company's bottom line."
The course is being offered online which means that the students can take it up as per their own convenience. As is with other LOMA courses, this course does not come with a heavy fee burden either and is easily available in special corporate sponsored schemes where insurance and financial service companies can enroll their employees en masse for this course and have it centrally administered and tested.
The LOMA 307 course is expected to add great value to practicing as well as aspiring insurance professional's careers.