LOMA 290 Insurance Company Operations Course

LOMA 290 describes how l i fe insurance companies operate in today’s global environment, how they are organized, how they are managed, and the roles of functional and support units in developing, distributing, issuing, and administering life insurance and annuity products. Trainees who take this course will better understand how an individual job ts into the entire scope of the company as well as the importance of each employee’s contribution to overall organizational success.

Upon completion of the course, trainees will be expected to:
• Understand the company organization and governance
• Outline the support functions
• Understand the nancial functions
• Outline Marketing, Product, Development, and Distribution 1
• Outline Marketing, Product Development, and Distribution 2

• Insurance Company Organization and Operations
• Corporate Governance, Ethics, and Control
• Risk and Risk Management
• Legal and Compliance
• Human Resources Management
• Information and Technology
• Financial Management
• Accounting, Treasury Operations, and Auditing
• Investment Management
• Marketing
• Product Development and Product Distribution
• New Business and Underwriting
• Claim and Annuity Benet Administration
• Customer Service

The course is assessed via an online examination after course completion where trainees need to complete a set of questions. Trainees who score higher than 70 and above out of 100 will be awarded a certicate of completion from LOMA.

All employees who are working in the Insurance, Banking & other Financial Services.

30 Training Hours

Trainees should have:
• Basic understanding of Insurance operations.
• Good command of the English language.