By completing the ALMI qualification you will improve your knowledge of core insurance functions, gain better business and financial acumen and learn about insurance marketing and distribution.

Who should pursue this qualification

  • Anyone who has completed the Level 1: Insurance Fundamentals Certificate and is looking to gain further job-relevant knowledge about the core insurance functions and strengthen business and financial acumen.
  • Anyone occupying a role in the life and health insurance sector including operations, marketing and business operations, finance and administration

How to compete the qualification

In addition to completing the two courses at FLMI Level 1 (LOMA 280 and LOMA 290) you must complete the following core course requirements:

  • LOMA 301 - Insurance Administration
  • LOMA 307 - Business and Financial Concepts for Insurance Professionals
  • LOMA 320 - Insurance Marketing

What you will earn

On completion of the the FLMI Level 1 Certificate In Insurance Fundamentals and the three core course requirements, you will be awarded the designation Associate, Life Management Institute (ALMI) from LOMA. Continued membership and professional development is required.

Furthermore these three courses count as credits to the next step - the FLMI

How you will be assessed

Each of these three units are assessed through an online multiple choice questions exam. The I*STAR exams will be proctored and will be scheduled by RISC after the course is completed.

How much time you need to dedicate

This really depends on you and which learning method you choose. As a minimum we recommend that you set aside 100 hours per subject of which 30 hours will be learning through our Live Virtual classes or 20 hours of Interactive video lessons if you choose self-paced.

You will also need time for practice quizzes, assignments and further learning resources and activities that we have prepared for you for private study

The important thing is to keep the pace. Make sure that you can dedicate at least 6 hours per week for lessons (2 X 3 hours each) and revision. Schedule the hours and stick with your timetable.

Choosing which method of learning is for you depends on whether you prefer weekly structured lessons with a tutor covering the whole syllabus or you want to set your own pace and have the determination to complete it without a fixed schedule and tutor interaction. Your choice also depends on your budget. When you commit your time and your money to earn this qualification its an investment in yourself.
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Check out what you will get with our Blended Learning package.

Structured live classes with PowerPoint Presentations

End of topic live quiz with audience response system

Thought provoking in-class discussions

Live Boot Camp (mock exam)

Weekly Schedule

Online viewing of powerpoint presentations

Tutor moderated Q & A forum for each learning objective

Recordings of live sessions (30 days availability)

Practice quizzes with feedback

Knowledgebase with links to further learning resources

Glossary

Grade Book

Mobile app

Announcements

Discussion Boards

Frequently Asked Questions

Messaging

Profile sharing

Customer help line

Whatsapp group

Six month access to all study materials via the LOMA Course Portal

One proctored I*STAR examination sitting held at the end of the course.

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Check out what you will get with our Self-Paced learning package.

16 hours of Interactive Video Lessons presented by professional experienced tutors.

Inline interaction using H5P technology that keeps you engaged by requiring you to answer multiple choice quizzes or fill in the blanks as you go through the video and providing with instant feedback on your answers.

Online viewing of powerpoint presentations

Practice quizzes with feedback

Knowledgebase with links to further learning resources

Glossary

Grade Book

Mobile app

Announcements

Messaging

Customer help line

Six month access to all study materials via the LOMA Course Portal

One proctored I*STAR examination sitting (held monthly)

Complete the ALMI in six months with our Fast Track Blended Learning programme which comprises the three units which you need to earn the qualification at a special bundle price saving you AED 1,750!
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You can also take each unit separately at the single unit prices below
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Mr. Silvan Said ACII, ARM, Chartered Insurance Practitioner

Founder, Managing Director

Mr. Said is a senior risk and insurance executive with over 36 years experience in the industry and is an Advanced Technical Insurance trainer accredited by the CII. He has been actively involved in talent development for the insurance industry since 2002, consulting and delivering courses in Malta, Eastern Europe and the MENA region.

Over his twelve years experience in the GCC, Silvan has developed a deep understanding of the training and development needs of the insurance market in the GCC. In March 2015, he established RISC institute and it quickly became the undisputed leading training institution for the insurance industry in the UAE both in terms of attendance numbers and qualified students.

Check out his profile here.




Complete the ALMI in six months with our Fast Track Blended Learning programme which comprises all three required units at our special bundle price.

Enrollment Info:
  1. Overview of Insurance Administration
  2. New Business Process and Underwriting Principles
  3. Legal Aspects of Underwriting
  4. Underwriting Individual Life Insurance: Assessing Mortality Risk
  5. Underwriting Individual Life Insurance: Financial Underwriting and Risk Classification
  6. Niche Policies, Business Life Insurance, Replacements and Supplemental Benefits
  7. Underwriting Group Life Insurance
  8. Overview of Claim Administration
  9. Administering Life Insurance Claims
  10. Reinsurance Overview
  11. Reinsurance Administration
  12. Effective Customer Service
  13. Customer Service Practices
  1. An Introduction to Marketing
  2. How Companies Manage Marketing
  3. Market Segmentation and Target Marketing
  4. Marketing Information and Research
  5. Customer Behavior and Customer Relationship Marketing
  6. Basic Product Concepts
  7. Pricing Insurance Products: A Marketing Perspective
  8. Distribution Systems and Strategies
  9. Marketing Communications: Engaging the Customer
  10. Promotion Tools
  11. Regulation of Life and Health Insurance Marketing
  1. The Role of Insurance in the Economy
  2. Insurance Company Management
  3. Managing Solvency and Profitability
  4. Product Design and the Time Value of Money
  5. Achieving Operational Efficiency
  6. How the Economy Affects Insurance Companies
  7. Financial Reports and Plans
  8. Understanding Financial Ratios
  9. Presenting Data Visually
  10. Analyzing Population Data
  11. Analyzing Sample Data

Schedule and Prices


LOMA 301 provides a detailed discussion of the activities of insurance administration for individual and group life coverages, focusing on underwriting, reinsurance, claims, and customer service.
LOMA 307 introduces industry employees to basic financial concepts and terminology and relates these concepts to the business of insurance and company operations and profitability.
This course provides information on how insurance companies communicate with customers, identify  customer needs, and match products to those needs. Throughout the course we will describes various  aspects of marketing processes, regulations affecting marketing, and current challenges and opportunities that insurance companies face in carrying out effective marketing plans.
Enrollment Info:

Topics

LOMA 320 Insurance Marketing

  • An Introduction to Marketing
  • How Companies Manage Marketing
  • Market Segmentation and Target Marketing
  • Marketing Information and Research
  • Customer Behavior and Customer Relationship Marketing
  • Basic Product Concepts
  • Pricing Insurance Products: A Marketing Perspective
  • Distribution Systems and Strategies
  • Marketing Communications: Engaging the Customer
  • Promotion Tools
  • Regulation of Life and Health Insurance Marketing

Schedule