LOMA, (formerly the Life Office Management Association) working together with LIMRA (formerly Life Insurance Marketing and Research Association) under the umbrella organization LL Global is an American trade associations for the insurance industry in the United States.
LOMA offers an employee training and development program used by the majority of American life insurance companies, and by life insurance companies in over 70 other countries worldwide. The president and CEO of LL Global is David Levenson.
LOMA administers a series of designation programs. The Fellow, Life Management Institute (FLMI) designation program, awards the FLMI designation to individuals who pass a series of 10 examinations; these insurance-focused examinations cover insurance, accounting, marketing, information systems, finance, law, management, and computers. Brokers also use the LOMA educational courses to count towards the continuing professional education (CPE) requirement needed to maintain their license in good standing with regulators.
LOMA's board of directors is made up of insurance industry chief executive officers, presidents and vice-presidents, lawyers and other industry professionals.
History The National Life Office Management Association "in the early nineteen thirties was one of the first management societies or trade associations to assign an increasingly prominent role to some kind of selective records preservation in the programs of their annual meetings and in the work projects of their research groups."
LOMA developed a series of merit rating scales for clerical employees based on traits and behavioral elements, published in 1950.
Designations and examinations , below are some of the designations offered by LOMA, as well as their associated courses/exams.
+Courses and designationsDesignationPapersThemeLevel ILOMA 280 or LOMA 281Principles of InsuranceLOMA 290 or LOMA 291Insurance Company OperationsAssociate, Life Management Institute (ALMI)All papers in Level ILOMA 301 or LOMA 302Insurance AdministrationLOMA 307 or LOMA 308Business and Financial Concepts for Insurance ProfessionalsLOMA 320 or LOMA 321Insurance MarketingFellow, Life Management Institute (FLMI)All papers in ALMILOMA 311Business Law for Financial Services ProfessionalsLOMA 335Operational Excellence in Financial ServicesLOMA 357Institutional Investing: Principles and PracticesLOMA 361Accounting and Financial Reporting in Life Insurance CompaniesLOMA 371Risk Management and Product Design for Insurance CompaniesFellow, Secure Retirement Institute FSRI®SRI 111 SRI 121
SRI 131
SRI 210
SRI 220
SRI 230
SRI 240
SRI 500SRI 111 — Retirement Fundamentals
SRI 121 — Retirement Plans, Accounts, and Annuities
SRI 131 — Planning for a Secure Retirement
SRI 210 — Successful Retirement Outcomes
SRI 220 — Retirement Marketing and Business Acquisition
SRI 230 — Retirement Administration
SRI 240 — Profitability in the Retirement Business
SRI 500 — Transforming Retirement Security
Customer service DesignationRequirementPapersThemeAssociate, Customer Service (ACS)Compulsory - must complete all the papersACS 100 or ACS 101Foundations of Customer ServiceLOMA 280 or LOMA 281Principles of InsuranceLOMA 290 or LOMA 291Insurance Company OperationsElective - complete two out of threeLOMA 301 or LOMA 302Insurance AdministrationLOMA 307 or LOMA 308Business and Financial Concepts for Insurance ProfessionalsLOMA 320 or LOMA 321Insurance Marketing
References
External links LOMA website