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ALMI LOMA 290 – Insurance Company Operations

Awarding body

Life Office Management Association (LOMA)

Specialization

Insurance

This program is about:

Describing how life insurance companies operate in today’s global environment, how they are organized, how are they managed and the roles of functional and support units in developing, distributing, issuing, and administering life insurance and annuity products. The program provides a better understanding about how an individual job fits into the entire scope of the company as well as the importance of each employee’s contribution to overall organizational success.

At the end of the program, you will be able to:

  1. Understand the company organizational and governance.
  2. Outline the support functions.
  3. Understand the financial functions.
  4. Understand the financial functions.
  5. Marketing, product development, and distirbution1.
  6. Marketing, product development, and distirbution2.

The program provide you with:

  1. Insurance company organization and operations.
  2. Corporate governance, ethics and control.
  3. Risk and risk management.
  4. Legal and compliance.
  5. Human resources management, information, and technology.
  6. Financial management, accounting, treasury operations and Auditing.
  7. Investment management and marketing
  8. Product development and distribution.
  9. New business and underwriting.
  10. Claim and Annuity Benefit Administration.
  11. Customer Service

The program is suitable for:

  • Profession level: All employees who are working in insurance, banking, and other financial services.
  • Education level: students and or recent Diploma or BA degree graduates in business, economics, management, and related fields of science and preferably with some work experience.

Awarding body:

Life Office Management Association (LOMA)

Specialization:

Insurance

Type of certificate:

Achievement

Assessment:

Online Exam

Career progression:

It leads to higher career levels: Associate Life Management Institute (ALMI) and Fellow Life Management Institute (FLMI).

Venue:

Enma Institue

Tamkeen support scheme:

Professional Scheme

Learner Obligations:

Compliance to program rules & regulations set by the institute and awarding body.

Curriculum

  • 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 And Marketing
  • Product Development And Distribution.
  • New Business And Underwriting.
  • Claim And Annuity Benefit Administration.
  • Customer Service
Duration

30 hours

Effort

2-5 hours/week

Institution

LOMA

Subject:

ALMI LOMA 290 – Insurance Company Operations

 Quizzes:

Yes

  Language:

English

  Certificate:

Yes

Program Cost

750 BD

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Supported by

DCO Towers, Level 14, Diplomatic Area, Office 906, 9th Floot, Al Barghash Tower, Corniche, Al-Khobar

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