Inaugural LIMRA LOMA Event in Thailand Will Explore Budding Asian Marketplace
WINDSOR, Conn., Nov. 9, 2015 — A recent study by LIMRA and Swiss Re has found that 56 percent of consumers in Thailand are prompted to shop for life insurance by an advertisement they saw on television. Financial services professionals will learn about these findings and other industry trends affecting back office operations when they attend the LIMRA LOMA Operational Strategies Conference this Nov. 23–24, 2015, in Bangkok, Thailand.
“Understanding what motivates consumers to shop for life insurance is critically important to the decisions that are made in all areas of an insurance company, particularly back office operations,” said Ian Watts, senior vice president and managing director, International Operations, LIMRA and LOMA. “Our conference will explore the dynamic marketplace in the Asia Pacific and how companies might need to rethink their business strategies to be most effective.”
Watts is scheduled to open the conference, discussing how changing distribution trends impact financial services companies’ operations. He also will announce new LIMRA research findings on the needs of future talent, as determined by a recently conducted study done in partnership with the Singapore College of Insurance.
Under the conference theme, Reimaging Operations for Today’s Realities, other featured sessions will explore effective sales recruiting and retention practices, succession planning, training, and different technologies that improve productivity
In addition, the conference will host a panel of chief marketing officers, who will discuss their role in innovation, brand awareness and helping meet higher consumer expectations to improve customer retention. The panelists include Sang Hui Lee, chief marketing officer and executive committee member, AIA Thailand; Michael Shin, CEO, RGA Korea and CMO, Asia RGA Reinsurance Company Korea Branch; Deepali Naair, Chief Marketing Officer, Mahindra Holidays & Resort India Limited; and Managing Partner, Amplifia Advisory Services LLP as the moderator.
“Companies are wondering how they can make the most of opportunities and reduce the associated risks,” said Watts. “Our forum will provide industry professionals with insights into how to develop operational approaches that will help them excel in this emerging market.”
LIMRA and LOMA estimate that 150 life insurance and financial services professionals in back office and operational strategies roles will attend the meeting at the Shangri-La Hotel in Bangkok, Thailand. Presentations will be delivered in English, and interpretation will be offered into Korean, Mandarin and Thai. For more information and to register online, please visit: LIMRA LOMA 2015 Operational Strategies Conference.
LIMRA is a worldwide research, consulting and professional development organization that helps more than 850 insurance and financial services companies in 64 countries. Visit LIMRA at www.limra.com.
Established in 1924, with 1,200-plus member companies in over 80 countries, LOMA is committed to a business partnership with its worldwide members in the insurance and financial services industry to improve their management and operations through quality employee development, research, information sharing and related products and services. To find out more about LOMA and the learning opportunities it offers, visit LOMA’s website at www.loma.org.