IDMA ANNUAL MEETINGS & SEMINARS
The IDMA 2010 Annual Meeting & Seminar “The Dollars in Your Data,” held on March 22-23 at The Westin Hotel in Philadelphia attracted decision makers and influencers from a wide array of financial services companies, including many of the world’s largest insurers. More than half of this year’s attendees were director level or above at their companies. 
The topics covered range from Data Profiling and Predictive Analytics to Data Governance and Change Management with a focus on finding the leakage of dollars caused by data quality issues.  Surveys collected from participants indicate that the sessions were informative and well-received. The event was a huge success, scoring 86.1% on the Overall Customer Satisfaction Survey.
SAVE THE DATE – IDMA’s 2011 Annual Meeting & Seminar is scheduled for April 4-5 at the Philadelphia DoubleTree. 

PRESENTATION PROPOSALS – IDMA is planning to issue a “call for speakers” sometime in August. Stay tuned!   If you are interested in being on the “call for speakers” email blast, please send your contact information to Farouk Yassine at FYassine@IDMA.org.

IDMA ONE-DAY TRAINING WORKSHOPS
Are you interested in hosting an IDMA One-Day Training Workshop at your company site and educating your employees about insurance data management and its importance to our industry? 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.

IDMA offers two One-Day Training Workshops geared towards insurance industry professionals: Data Management for Insurance Professionals (DMIP), and Insurance Data Quality (IDQ).  These workshops are available at a discounted price of $149 per attendee.

These IDMA workshops are 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 (statistical or financial data), and anyone who needs to use or communicate good quality data – from actuaries to underwriters. The full-day workshops include practical discussions and a case study for interactive participation.

For more information (agendas/proposals) about One-Day/Half-Day class opportunities, please contact Farouk Yassine at FYassine@IDMA.org or call 201-469-3069.

IDMA CHAPTERS
IDMA members and non-members are invited to attend the IDMA June 28, 2010 Northeastern U.S. Chapter meeting at NO CHARGE. The meeting will be held at IDMA’s headquarters in Jersey City, New Jersey from 1:00pm–4:00pm eastern and will be facilitated by Peter Marotta, IDMA’s Vice President of Emerging Data Management Issues.  Refreshments will be served.

The topics and agenda are informal and dictated by meeting participants, but to get the ball rolling and focus discussions, a list of proposed topics for discussion is provided below:

• EDM - Metrics and Cost/Benefit Analysis

• Enterprise Data Strategies

• Predictive Modeling and DM

• Data and Emerging Technologies (telematics, social media, etc.)

• DM on the desktop

• Other suggested topics by participants

Again, topics of discussion are very fluid and can change during the meeting, provided they involve data management, are in keeping with IDMA guidelines, and are of interest to participants. Please bring to the table those business and data problems you are currently tackling and data management challenges you expect to encounter in the future?

Space is limited and pre-registration is required. If you are interested in attending, please send an email with your contact information and additional suggested topics of discussions (if any), to FYassine@IDMA.org.

MEMBERS DISCOUNT — INDUSTRY EVENTS
IDMA members are invited to attend the 2010 TDWI San Diego Conference on August 15-20. Register by July 16 using priority code ERSD19 and save up to $300 of your conference registration fee.   

Your business needs to make informed decisions fast. But it's hard to do that when the insights you need are locked in volumes of data, and the reports required to interpret that data could take months to build. Today, many affordable technologies are making agile BI attainable, even for small businesses. The August 15-20 TDWI Conference in San Diego offers access to six days of in-depth education from in-the-trenches experts and industry heavyweights on BI essentials, developing the agile BI environment, and data management.

EDUCATING DATA MANAGERS — A CAS ARTICLE
“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.

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.

comments about the site?
email the webmaster

Copyright © 2010 IDMA. All rights reserved.