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ALMI LOMA 307 — Business and Financial Concepts for Insurance Professionals

Awarding body

Life Office Management Association (LOMA)

Specialization

Insurance

This program is about:

Introducing industry employees to basic financial concepts and terminology and relates these concepts to the business of insurance and company operations and profitability.

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

  1. Understand the role of insurance in the economy.
  2. Understand insurance company management.
  3. Managing solvency and profitability.
  4. Understand product design and the time value of money.
  5. Achieving operating efficiency.
  6. Explain the economy affects insurance companies.
  7. Understand financial reports and plans.
  8. Understanding financial ratios.
  9. Presenting data visually.
  10. Analyzing population data.
  11. Analyzing sample data.

The program provide you with:

  1. The role of insurance in the economy
  2. Insurance company management.
  3. Managing solvency and profitability.
  4. Product design and the time value of money.
  5. Achieving operational efficiency.
  6. How the economy affects insurance companies.
  7. Financial reports and plans.
  8. Understanding financial ratios.
  9. Presenting data visually.
  10. Population data and analyzing sample data.

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

  • The Role Of Insurance In The Economy
  • Insurance Company Management.
  • Managing Solvency And Profitability.
  • Product Design And The Time Value Of Money.
  • Achieving Operational Efficiency.
  • How The Economy Affects Insurance Companies.
  • Financial Reports And Plans.
  • Understanding Financial Ratios.
  • Presenting Data Visually.
  • Population Data And Analyzing Sample Data.
Duration

30 hours

Effort

2-5 hours/week

Institution

LOMA

Subject:

ALMI LOMA 307 — Business and Financial Concepts for Insurance Professionals

 Quizzes:

Yes

  Language:

English

  Certificate:

Yes

Program Cost

900 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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