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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IDMA 2010 Annual Seminar “The Dollar’s in Your Data”

Join your peers at IDMA’s 2010 Annual Seminar "The Dollars in Your Data” in Philadelphia, March 22-23, for a day and a half of educational sessions and technology showcases that will provide a fresh perspective on current and future trends affecting the data management profession and the insurance industry.

Our mission for IDMA’s 2010 Annual Seminar is simple — to help you connect with industry’s leading data management and technology experts and provide you with thought-provoking educational sessions that can help you unlock the value in your data and provide you strategies you can use to conquer today’s business challenges and prepare for tomorrow’s opportunities.

IDMA Annual Seminars attract decision makers and influencers from a wide array of financial services companies, including many of the world’s largest insurers. More than half of last year’s attendees were director level or above at their companies.  IDMA‘s 2010 Annual Seminar will prove to be the event one cannot afford to miss.

Visit the Seminar’s Program and Registration information section for additional details on the program, who should attend, how to register, exhibiting and sponsorship opportunities, and hotel accommodations. 

Questions, contact the IDMA office at (201) 469-3069 or email Farouk Yassine at FYassine@IDMA.org.

In conjunction with its 2010 Data Educational Program, NCCI will be hosting the IDMA Insurance Data Quality (IDQ) One-Day Workshop on January 25, 2010 at the Palm Beach County Convention Center in West Palm Beach, Florida.

This course 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 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 a case study and a panel discussion for interactive participation.

This workshop will be available at a discounted price of $149 per attendee, which includes:

• The IDMA Insurance Data Quality certificationcourse (IDMA 2) study guide. A $70 in value. Disclaimer: While this workshop will benefit those studying for the IDMA 2 certification course, it is NOT intended to be a study session for the IDMA 2 exam.
• Sixty-day limited individual membership in IDMA
• Classroom instructions and handouts of training material
• Lunch and two coffee/refreshment breaks

Learn more about this workshop and about NCCI’s 2010 Data Educational Programs and sign up for courses 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 2010 TDWI Las Vegas Conference on February 21-26.  Register using priority code 25LV102 by January 8, 2010, and receive 25% off the regular conference registration fee.
Join TDWI in Las Vegas, February 21-26, and learn the latest in emerging technologies for business intelligence and data warehousing. The TDWI World Conference in Las Vegas brings together leading industry visionaries to deliver a unique program of cutting-edge 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 Las Vegas and sign up for courses today.

“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.