Results 1 to 8 of 8

Thread: Does LOMA certification helps

  1. #1
    PolicyWala NewBie
    Join Date
    May 2009
    Location
    India
    Posts
    10

    Default Does LOMA certification helps

    Hi guys,

    I am new to this community. I want your advice. I am a Insurance Post Graduate from BIMTECH (Birla Institute of Management Technology) and currently working with a leading Life Insurance company in Sales. I wanna move into IT, So can you please suggest me for which of LOMA i should go for? And does LOMA certification helps?

    I am already persuing associateship in life from I.I.I.

    Please reply.


  2. #2
    Moderator Expert's Avatar
    Join Date
    Feb 2009
    Location
    New Delhi
    Posts
    467

    Default

    Romeo,

    LOMA is certification is for US and Canada Life Insurance Professionals. So If you are planning to do some backoffice work for US and Canada Life insurance companies, LOMA would be benificial for you. For IT yes this is also good that you would know the life functional aspect of US and Canada Life Insurance companies. This will also enhance your CV for global recruiters.
    * SAFE
    Self Appointed Financial Expert

  3. #3
    PW Stalwart Master's Avatar
    Join Date
    Feb 2009
    Location
    Mumbai
    Posts
    471

    Default

    Quote Originally Posted by Romeo View Post
    Hi guys,

    I am new to this community. I want your advice. I am a Insurance Post Graduate from BIMTECH (Birla Institute of Management Technology) and currently working with a leading Life Insurance company in Sales. I wanna move into IT, So can you please suggest me for which of LOMA i should go for? And does LOMA certification helps?

    I am already persuing associateship in life from I.I.I.

    Please reply.
    Hi Romeo,

    First of all let me clarify that LOMA is not specific to any department / function in an organization. LOMA give an information about Life Insurance business which includes several aspects like - Concepts of Life Insurance, How does an Insurance Co operates, different functions, legal aspects, financial aspects (includes Financial Management with PV & FV of money), Sales, Marketing, HR, IT,Actuarial etc....and many more.

    I think its all depend on opportunities in your organization or market per se. But taking LOMA will definitely help you stand firm in the market because its really valued specially in IT organizations having US, Canada or UK clients.

    And remember LOMA is US/Canada specific and I.I.I is India specific. Yes, basic insurance remains the same but terms, legal aspects etc are different. Think you should take either LOMA or I.I.I coz it involves time & money. Off course if you are thinking of international opp then LOMA is really valued vis-a-vis I.I.I.

    Hope i answers your question.

    Regards,
    Master

  4. #4
    PolicyWala NewBie
    Join Date
    Jan 2010
    Location
    mumbai
    Posts
    3

    Default HI

    Hi,
    You mentioned LOMA is US/Canada specific but is it valued in UK too????
    Quote Originally Posted by Master View Post
    Hi Romeo,

    First of all let me clarify that LOMA is not specific to any department / function in an organization. LOMA give an information about Life Insurance business which includes several aspects like - Concepts of Life Insurance, How does an Insurance Co operates, different functions, legal aspects, financial aspects (includes Financial Management with PV & FV of money), Sales, Marketing, HR, IT,Actuarial etc....and many more.

    I think its all depend on opportunities in your organization or market per se. But taking LOMA will definitely help you stand firm in the market because its really valued specially in IT organizations having US, Canada or UK clients.

    And remember LOMA is US/Canada specific and I.I.I is India specific. Yes, basic insurance remains the same but terms, legal aspects etc are different. Think you should take either LOMA or I.I.I coz it involves time & money. Off course if you are thinking of international opp then LOMA is really valued vis-a-vis I.I.I.

    Hope i answers your question.

    Regards,
    Master

  5. #5
    Super Moderator PolicyWala's Avatar
    Join Date
    Feb 2009
    Location
    New Delhi
    Posts
    684

    Default

    Quote Originally Posted by crackjack View Post
    Hi,
    You mentioned LOMA is US/Canada specific but is it valued in UK too????
    LOMA headquarters is in USA. But it operates in more than 80 companies. If you are looking for UK specific certification than go for CII.

  6. #6
    PolicyWala NewBie
    Join Date
    Jan 2011
    Location
    Noida
    Posts
    3

    Red face Hello, i pursuing Associates Exam (III) n wud like to go in IT field..

    Quote Originally Posted by PolicyWala View Post
    LOMA headquarters is in USA. But it operates in more than 80 companies. If you are looking for UK specific certification than go for CII.
    Greetings!

    I'm pursuning Associates (III-General Brach) and now I had like to chnage my job field from General Insurance to IT field. So how's it help me? Which type of course I have to go for?

    Guide me. Thanks a lot.

  7. #7
    Moderator Rahul's Avatar
    Join Date
    Feb 2009
    Location
    Delhi
    Posts
    363

    Default

    Quote Originally Posted by sandhya View Post
    Greetings!

    I'm pursuning Associates (III-General Brach) and now I had like to chnage my job field from General Insurance to IT field. So how's it help me? Which type of course I have to go for?

    Guide me. Thanks a lot.
    FLMI means "Fellow, Life Management Institute"; As you have mentioned in the thread that you have already pursuing AIII in General Branch, I would suggest you to go ahead with CII certification.
    |Jargon Buster|Before you post, please read the FAQ and the sticky posts on the board you wish to use.|Blog|

  8. #8
    Moderator Rahul's Avatar
    Join Date
    Feb 2009
    Location
    Delhi
    Posts
    363

    Default

    Check details of all the FLMI Courses here - http://www.loma.org/content/public/d...LMICourses.pdf
    |Jargon Buster|Before you post, please read the FAQ and the sticky posts on the board you wish to use.|Blog|


Similar Threads

  1. Loma - 280 and 290
    By Navdeep in forum Insurance Certification
    Replies: 4
    Last Post: 14-06-2010, 09:12 PM
  2. CPCU - Does the certification help?
    By anurag in forum Insurance Certification
    Replies: 3
    Last Post: 10-05-2009, 08:46 AM
  3. Please Help - Insurance Certification
    By BigBrother in forum Insurance Certification
    Replies: 3
    Last Post: 10-05-2009, 08:39 AM
  4. How to join CII Certification?
    By Anil Patil in forum Insurance Certification
    Replies: 2
    Last Post: 07-05-2009, 04:12 PM
  5. Waitage of NCFM Certification
    By Pankaj Singh in forum AMFI Mutual Fund Certification
    Replies: 1
    Last Post: 15-03-2009, 02:32 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •