---

LOGiQ3 innovative training course hailed

Life reinsurance services company underwriting program sponsored by Munich Re

April 27 2010: The intensive underwriting training program covering all facets of risk selection offered by LOGiQ3 to the North American underwriting community has been sponsored for the first time by Munich Re, resulting in a unique offering from the leading Canadian reinsurer.

Munich Re has confirmed a need for underwriting training in the industry and felt this sponsorship would raise not only the awareness of the training shortage, but also the quality of LOGIQ3’s program.

Launched in 2007, the LOGiQ3 course, a unique underwriting training program comprising classroom type training of eight hours per day running for six weeks, has graduated 69 underwriters in Canada since inception, with the most recent training session including students from a reinsurer for the first time. The most recent graduates are from Munich Re and three major life insurance companies.

Joan Tolan, Vice-President, Underwriting, Canada and Underwriting Best Practices, North America at Munich Reinsurance Canada, says that everyone benefits from raising the standards of underwriting in the life business:

"By sponsoring the LOGiQ3 underwriting training course, we develop not just talented underwriters but great working relationships with future leaders in the industry. We've been delighted with the results and looking ahead we would definitely consider repeating the process."

The course, branded Taught by Underwriters for Underwriters, is not just about underwriting a case, but also specializes in the understanding and the logical thinking process of analyzing a series of facts and evaluating the risk from an insurance perspective, and at the same time has been shown to additionally benefit claims adjudicators and distribution support teams.

Carmela Tedesco, Vice President, Underwriting at LOGiQ3, says that life underwriting training had been put on the back burner by many companies in Canada as a result of business volumes increasing, and less time or resources being made available to invest in training underwriters internally:

"We are seeing seasoned senior underwriters retiring, creating a large knowledge gap in our industry which makes it difficult for management to plan for succession. Companies are now seeing the benefits of underwriting training, not only for today but for the future."

"Because underwriting training is a challenge in the industry, the LOGiQ3 program has become a career changing event to some of the individuals who attended it, as the testimonials from students at our recent graduation ceremony affirmed, when they spoke about their thoughts on the program in front of invited management from each of their companies," she added.

About LOGiQ3

LOGiQ3 is one of the leading agents of change within the life reinsurance industry, combining experienced industry personnel together with processes and bespoke technology across all the business functions.

Now employing 17 people, the company targets knowledge gaps within the life reinsurance industry and has built a team who focus on risk management, process best practices and achieving operational excellence.

Founded in 2006 by Chris Murumets and Simon Bell, LOGiQ3 focuses on life reinsurance providing a variety of professional services including auditing, consulting, underwriting and outsourcing to more than 15 companies in North America from its offices in Toronto, Canada, and Cardiff, UK.

In September 2008, LOGiQ3 was placed 16th by Canada’s PROFIT magazine in its annual PROFIT HOT 50 ranking, the first company from the life reinsurance industry to be recognized since nominations began.

Chris Murumets, chief executive officer, has been in various sectors of the reinsurance service chain since 1990 and prior to LOGiQ3 worked with Sun Life Reinsurance.

Simon Bell, chief operating officer, has a broad technology background and previously worked for Friends Provident in the UK. Former co-chairperson of the ACORD life reinsurance working group he helped in defining data standards for the life reinsurance industry. www.logiq3.com.

About Munich Re

Munich Re Canada Branch (Life) is the market leader in life and health insurance for both life and group business lines serving Canada and the Caribbean market for over 50 years.

Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff.

In the financial year 2009, the Group achieved a profit of €2.56bn on premium income of around €41bn. It operates in all lines of insurance, with around 47,000 employees throughout the world. With premium income of around €25bn from reinsurance alone, it is one of the world's leading reinsurers.