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