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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REGISTER FOR AN EXAM/ORDER YOUR BOOKS! The Insurance Data Management Association’s 2008 Seminar, “Mastering Data Management,” was held on March 10-11, 2008, at The Westin Hotel in Philadelphia. Participants in the seminar were given a binder as well as a CD that contains most of the session handouts. IDMA Members can access the handouts by logging onto “Members Only” section and clicking “2008 Seminar Presentations”. DEBTECH International, LLCin partnership
with Wilshire Conferences, are holding their 2008
Data Governance Conference on
June 2-5, 2008 at Hotel Kabuki in San Francisco,
CA. Data Governance has emerged as a new discipline
in response to both regulatory requirements as well as
business necessity. The Data Governance Conference is the
premier conference on data governance. The Conference will
focus on the "how tos" in getting started, deploying
and sustaining a data governance and stewardship program.
The conference includes in-depth tutorials and presentations
by leading data governance experts and case studies from
more than a dozen organizations.
“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. The United States Agency International Development (USAID) February 15, 2006 publication — “Assessment on How Strengthening the Insurance Industry in Developing Countries Contributes to Economic Growth” notes that IDMA is a great resource for learning more about Collecting and Sharing Insurance Data. Please see page 14 of this publication for more information. |
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IDMA is an organization of fellow insurance data management professionals - One that will help you grow your skills and add value to your employer; One that will provide you with access to date management certifications, best practices, research, regulatory reporting, and technologies to benefit both your projects and your career; One that will connect you with your peers as you address similar challenges. | |
