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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Please be advised that as of 9/16/2008 we will be increasing our exam registration & matriculation fees according to the table below.
IDMA's 25th Annual Anniversary Seminar: "Insurance Business Intelligence - How Smart Are you?" - SAVE THE DATE! Mark Your Calendar - Plan now to attend next year's premiere insurance data management event. Nearly every insurance organization has in some way started down the path to provide the business with information using the data they collect and some are using external data as well. It is a journey that companies recognize they need to travel to ensure continued viability in the marketplace today and into the future. Data Management coupled with Technology enablers are significant success factors. Join us at the IDMA 2009 Annual Seminar to review the Value and Challenges the Insurance Industry has experienced in the transformation of data from Internal Management Reporting and Bureau Reporting to Business Intelligence. Our 25th Annual Anniversary Seminar will take place at The Westin Philadelphia Hotel on April 6-7, 2009. This hotel is situated in the heart of a city rich with history, just steps from upscale shopping, award winning restaurants, museums and historical attractions, including the Liberty Bell, Independence Hall, and the Constitution Center. You will see additional information on the Seminar as well as a "Call for Speakers and/or Topics" invitation sometime in August. So, please reserve the date and give some thought to the topics you would like to see included in the program. IDMA is planning to have the agenda, detailed abstracts, exhibiting and sponsorship opportunities, and registration information available on its web site by year end. The Data Management, Administration & Warehousing
(IDMA 4) course is available now online. To purchase access for
one year, go the Education: Curriculum menu item and click on On-Line
Curriculum Material. Once you have purchased access, you will be given
a unique password, good for one year, that will give you access to the
PDF file of the study guide. The Key Terms & Concepts and Review
Questions are also available in this subscription as a Word document.
“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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A win-against-all-odds moment with Nature…obtaining your IDMA certification will be a major milestone in your personal and professional growth. | |
