TORONTO, June 14, 2006 — The Life Insurance Institute of Canada (LIIC): A LOMA Institute and LOMA, the leading international association for the insurance and financial services industry, announced today at the LIIC annual meeting that all operations and activities of the LIIC will proceed from this day forward under the name LOMA Canada.
“Since the LIIC merged with LOMA in January of 2002, we have diligently increased services and educational activities to financial services organizations throughout Canada,” stated Debbie Cole-Gauer, FLMI, executive director of the LIIC. “By unifying the organizations under the LOMA name, we are reinforcing that LOMA’s 80-plus years of resources and breadth of knowledge are available to help all Canadian financial services organizations improve company management and operations.”
LOMA assists members around the world to develop job competencies, select the right employees, design appropriate education and training requirements, fulfill needs for employee learning and development, assess employee performance, and structure total rewards. Several Canadian companies were among LOMA’s founding members in 1924 and the LIIC merged its professional education program into LOMA’s Fellow, Life Management Institute (FLMI) program in 1952.
“LOMA has worked closely with the Canadian industry to develop a comprehensive strategic plan for learning and development designed to meet the unique needs of the Canadian marketplace,” said Thomas P. Donaldson, FLMI, CLU, president and CEO of LOMA. “LOMA Canada will continue to offer the traditional LIIC suite of products and we will explore additional products, services and opportunities to best meet the needs of the Canadian marketplace.”
Established in 1924, with 1,200 plus member companies in over 80 countries, LOMA is committed to a business partnership with its world-wide members in the insurance and financial services industry to improve their management and operations through quality employee development, research, information sharing, and related products and services. To find out more about LOMA and the learning opportunities it offers, visit LOMA’s Web site at www.loma.org.