IDMA Mission Statement

The Insurance Data Management Association, Inc. (IDMA) is an independent, non-profit, professional learned association dedicated to increasing the level of professionalism, knowledge, and visibility of insurance data management.

Value Proposition

With every advance in technology, the value of data increases. Evolving and new technologies make sharing data fairly simple, but if bad information moves through a process, the costs grow exponentially at each step. Data must be managed to ensure quality, to ensure maximum benefit to the organization. If Senior Managers receive bad data, how can they properly manage? If Marketing receives incorrect information, the dollar value of lost opportunities can only be guessed. In the realm of regulatory or statutory reporting, bad data may create a liability for your organization. All of the Actuarial, Claims, Compliance, Finance, and Information Technology functions need reliable data to work with. The data manager's function is to provide other managers with the information they need to fulfill their role.

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The IDMA will be offering its Insurance Data Quality One-Day Training Workshop on September 29, 2009 at its headquarters in Jersey City, NJ.

This workshop is highly recommended for a wide audience including new hires, IT personnel who want to broaden their knowledge of the business side of insurance data management, anyone who manages data (statistical or financial data) in the industry, and anyone who needs to use or communicate good quality data – from actuaries to underwriters.  This class will offer participants an opportunity to learn about data quality principles and identify challenges that can hinder data quality.  The full-day program will include practical discussions and a case study for interactive participation.

Disclaimer: While this class will benefit those studying for the IDMA Insurance Data Quality certification course (IDMA 2), it is NOT intended to be a study session for the IDMA 2 exam.

This workshop will be available at a discounted fee of $169 for Individual Registration; $149 for Group Registration (3 or more registrations from the same company); and $99 for IDMA Committee Member Registration (Board, Executive, and Education Committee members). Registration fees include class material, the IDMA Insurance Data Quality certification course (IDMA 2) study guide, lunch, and a 60 days limited individual membership in the IDMA.

Click on this link for the complete agenda, registration, directions to the Jersey City office, and a list of nearby hotels.

Seating is limited so reserve your seat today!

Are you interested in hosting an IDMA One-Day Training Class at your company site? IDMA’s One-Day/Half-Day Training Classes can be offered in conjunction with industry events at the invitation of the event sponsors or they can be requested by individual companies who agree to certain easy to-meet terms. For more information about One-Day/Half-Day class opportunities, please contact Farouk Yassine at FYassine@IDMA.org or call 201-469-3069.

IDMA members are invited to attend the TDWI World Conference in San Diego, August 2-7, 2009
Do you want to learn practical Business Intelligence & Data Warehousing knowledge that you can apply immediately? The TDWI World Conference in San Diego, August 2-7, brings together leading industry visionaries to deliver a unique program of cutting-edge business intelligence and data warehousing education, best practices, one-on-one consulting, and more!

At the conference you will interact with experienced instructors, network with hundreds of peers, and get product information with a minimum of hype and hassle. Learn more about the TDWI World Conference in San Diego: http://www.tdwi.org/Redirects/Marketing/CampaignStart.ASPX?CampaignId=24.

“Educating Data Managers,” reviewed by Shiwen Jiang, a member of the CAS Management Educational Materials Working Party and published in The CAS Actuarial Review Magazine – May 2007 Edition (page 9), is an excellent article that discusses the contents of the IDMA 1 “Insurance Data Collection and Reporting” Textbook. This article notes the following: “Overall, this book provides excellent study material for data managers to get a good understanding of insurance data collection/reporting. Actuaries have learned most of the contents of this book through CAS exams. For them, this book not only gives a good review but also helps to piece together a big picture of data management.” Please click on the above link for the full text of the article.