The LOMA Annuity
Systems Workshop
Look for the 2004 workshop date and location
soon.
Quick Reference:
Past Program Agenda
General Information
Contact Information
Created by the demand of
LOMA members and other industry leaders, this promises to be one of the
year's most interesting workshops. Discuss the
functions and features of annuity systems. Share your views -- and hear ideas
from your peers -- at this workshop.
How do you use
annuity systems? What systems are you using? What are the features of your
systems? By networking and sharing ideas on these important topics, you can
improve the way your business is run.
Who Should Attend?
The workshop is appropriate for any financial services professional
who works in annuities or has an interest in that area.
A Look at a Previous Program
Monday, March 4
8:30-9:00 a.m. Registration and Breakfast
9:00-10:15 a.m. Welcome and Introductions
10:15-10:30 a.m. Networking Break
10:30-11:45 a.m. Session I –
Annuities on Web sites: The Latest on What Companies Are Doing
Many companies have found success in the e-insurance market. Find out what
companies are doing to sell annuities on the Web. What are your company’s
initiatives? What concerns do you have about Web selling? What are the
obstacles?
Noon- 1:30 p.m. Lunch
1:30-2:45 p.m. Session
II – 24/7 Availability of Legacy Systems and Contact Centers
Expectations for customer service are higher than ever, given the advancements
in technology. Share your thoughts on the service and support issues involved in
24/7 legacy systems and contact centers. How does your company handle this? What
technical obstacles did you face? What are your future plans?
2:45-3:15 p.m. Networking Break
3:15-4:30 p.m. Session III –
Improving Time to Market for Annuity Products
To compete in this new market place, new products are continually being
developed. Complex financial structures warrant technology tools and maybe long
lead times. How does your company shorten these times to get the product to the
market sooner? How do companies streamline the product development processes?
How does technology streamline the process? Which functions are being
eliminated?
5:30-6:30 p.m. Reception
Tuesday, March 5
8:30-9:00 a.m. Continental Breakfast
9:00-10:15 a.m. Session IV – Payout
Systems
At the end of the annuity cycle, funds must be paid out. What systems features
and functions are needed to streamline and automate these payouts? How does the
system maintain funds accumulation, flexible payment schedules, and accurate
payout amounts? Which features of the payout systems are most effective?
10:15-11:30 a.m. Session V – Pros
and Cons of Outsourcing Technical Portions of Projects
Share advantages and disadvantages of outsourcing technical portions such as
actuarial or investment. Is this the most cost effective way of handling it?
What is the best way to evaluate whether to outsource? What technical issues
come into play?
11:30 a.m.-Noon Session VI: Potpourri
Discuss any other issues important to you that we have not yet touched on.
Noon Adjourn
For More Information
Contact us at 770/984-3733 or infoman@loma.org
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