ATLANTA, GEORGIA, UNITED STATES – April 7, 2009 – LOMA, the worldwide leader in learning and professional development within the insurance and financial services industry, has released Risk Management and Product Design for Insurance Companies (2008). Insurance companies manage their financial flexibility and overall financial success through close attention to managing risk. LOMA’s timely publication Risk Management and Product Design for Insurance Companies addresses the new paradigm of risk management for insurance companies, starting with a broad view of enterprise risk management in an insurance company context and carrying the risk management story throughout supporting-level applications within insurance companies. This new text focuses on enterprise risk management and current practices in product development and design, incorporating important information on stochastic modeling and actuarial risk management software. The text reflects a strong international focus.
Important areas of coverage include strategic risk management, risk classification, risk appetite and risk tolerance, operational risk management and operational efficiency, asset-liability management, product risk management for life insurance and annuities, underwriting and reinsurance as tools of risk management, mortality risk management, policyholder behavior risk for life insurance and annuities, tail risk, profitability goals, and economic capital. Other classic topics of coverage are the time value of money, the product development process, and product design.
Authored by Susan Conant, FLMI, HIA, CEBS; Lisa M. Kozlowski, FLMI, FFSI, CLU, ChFC, AIAA, AIRC, ARA, FLHC, AAPA, ACS; and Patsy Leeuwenburg, Ph.D., FLMI, FLHC, ACS, AIAA, ARA, AIRC, AAPA, the text is required reading for LOMA 371: Managing for Solvency and Profitability in Life Insurance Companies.
LOMA 371 is one of ten courses within LOMA’s award-winning Fellow, Life Management Institute (FLMI) Program. The FLMI is the leading professional development program that provides a comprehensive business education in the context of the insurance and financial services industry. Established in 1932, the FLMI Program is the world’s largest university-level education program in insurance and financial services. More than 80,000 students throughout the world have earned the FLMI designation.
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. For more information, visit: http://www.loma.org.Tags: LOMA, predictive modeling