Event Information

2023 - CIC - Insurance Company Operations - Virtual Class - May 10-11


Virtual Class - CIC  
Wednesday, May 10, 2023 - Thursday, May 11, 2023   iCalendar Central Standard Time

ALL TIMES CST
Earn 16 hours of Illinois CE

The Insurance Company Operations Course describes how insurance companies function and why that is important to all insurance and risk management professionals. Learn about the important strategic decisions made by executives and the philosophy and responsibilities in product development, underwriting, distribution, claims, and other vital company departments.

Discuss how strategies, regulations and compliance affect both clients and company employees. Understand the different types of tactical strategies and the importance of effective procedures. Learn ways to establish goals and manage compliance. Insurance company organization and structure decision strategies covered in this course are: organizational format and function, culture decisions and planning, regulatory and compliance considerations, sales and marketing strategies, and reinsurance considerations.

Learn the fundamentals of company planning and the steps involved in the planning process, including questions to consider in the prioritizing of product development in all its many stages—from inception to marketing. Purpose, function, and roles for product development covered in this course are: new product development, analysis and modifications to existing actuarial practices to support the management and development of products and accounting and finance of insurance company operations.

Management and implementation of underwriting philosophies and processes covered in this course are: underwriting strategies, effective underwriting approach and processes, authority, tools, reporting, loss control and safety, and premium audit.

Determine and define the types of agency and company policyholder services and the organizational impact on company personnel. Insurance company delivery methods and agency/policyholder services covered in this course are: distribution method implementation, technology considerations, relationship management with agency partners, effective agency services, and policyholders services, including service center considerations.

Insurance company claims organization, processes, and functions covered in this course are: organizational structure of claims departments and management, claim department functions and use of technology, claims process from reporting to settlement and beyond, claim investigation and evaluation, litigation management, claim reserving practices, and special investigation units.

Agenda
All times CST

Wednesday
7:30 a.m. - 8:00 a.m. - Join Webinar

8:00 a.m. - 12:15 p.m. - Executive and Financial Management with John Neal

12:15 p.m. - 1:15 p.m. - Lunch 

1:15 p.m. - 3:15 p.m. - Executive and Financial Management (Continued) with John Neal

3:15 p.m. - 5:15 p.m. - Product Development with John Neal

5:15 p.m. - 5:30 p.m. - Exam Briefing with Brian McSherry

Thursday
7:30 a.m. - 8:00 a.m. - Join Webinar

8:00 a.m. - 11:00 a.m. - Underwriting with Craig Sietsma

11:00 a.m. - 12:00 p.m. - Claims Management with Craig Sietsma

12:00 p.m.- 1:00 p.m. - Lunch 

1:00 p.m.- 3:00 p.m. - Claims Management (Continued) with Craig Sietsma

3:00 p.m. - 5:00 p.m. - Product Distribution with Craig Sietsma

The virtual classes will count for both state CE and designation credit. The exam requirements remain the same and the exam is only required for those pursuing a new designation.
For those taking the exam, you will do so online. The exam window will be open the week following the class, as opposed to the day of the class. Specific instructions on the exam including proctoring of the exam, and completion information will be distributed during the course.

If you would rather email/mail a registration form Click here.

To view the cancellation policy, click here.

Virtual Class - CIC  

 Price Level
 
No records to display.

By selecting "Register Myself" only the person who logs in will be registered for the seminar. 
Use "Register Group" to register someone else, or a group of people,  for the seminar.  You can also register yourself as part of the group. 

Neal, John
Neal, John

,

John Neal has over 20 years' experience in both personal and commercial lines insurance company operations with specific emphasis in the areas of risk management, risk analysis and risk financing. Within the Personal Lines market, John supported Farmers Insurance expansion into seven new Eastern states. Within Liberty Mutual's Commercial Market Lines, John was Manager of Analysis for Risk Management Solutions where he managed a team of twelve Risk Management Consultants responsible for supporting Liberty Mutual's Commercial Market Distribution and Service Management Department. John provided analytical support for consulting projects, risk financing design and structuring, finite (financial) insurance products, cost allocation projects, loss analysis, captive support, and industry benchmarking. Currently, John is the Risk and Operations Manager at Cleanetics, a design-build clean room specialist serving an array of industries.

John has also held positions as a Senior Risk Financing Analyst and Risk Management Consultant. Prior to entering the insurance and risk management field, John worked ten years in the pollution control and medical device industries as a chemical and manufacturing engineer, accountant, and financial manager.

John's academic background includes a BS from the University of California, Santa Barbara and an MBA from the University of Pittsburgh. He earned his CRM designation in 2005 and has been a CRM National Faculty member for The National Alliance since 2005. Currently, John supports faculty development for both CIC and CRM curriculums and also serves as an educational consultant.

Sietsema, Craig J.
Sietsema, Craig J.

Caledonia, MI

Craig Sietsema launched his career in the insurance world by designing policy booklets, bank checks and company forms for the Foremost Insurance Group in Grand Rapids, Michigan. He expanded this knowledge by joining the company's state filings department in 1993. While there he spent a total of 11 years working directly with the heart of the insurance product across 25 states: the policy contract, the rates and the rating rules for a wide variety of property and casualty products. This work, along with a year in marketing, familiarized him with product management, underwriting, claims, actuarial, advertising, sales, licensing and appointment, call center operations, regulatory affairs, data reporting and implementation management.

In 2005, Craig was promoted to spearhead development of Foremost's comprehensive compliance program, touching all aspects of company conduct in the marketplace and working directly with external state regulators who monitor that conduct. In 2010, he was again promoted to a director's role, providing direct support to the Farmers Chief Compliance Officer in Los Angeles, California. This role, further expanded his knowledge and expertise to include anti-money laundering, OFAC sanctions screening, resource acquisition and development, risk management, enterprise training and internal investigations. Craig now heads the compliance function for 5 Farmers business units: Specialty Lines (Foremost), Non-Standard Auto (Bristol West), Independent Agency Distribution, Excess & Surplus Lines and National Flood. He currently manages a team of 9 staff to provide compliance assurance to senior management for each of these business units.

Mr. Sietsema has a Bachelor of Fine Arts degree from Kendall College of Art and Design. He earned his CIC designation in 2005, and his CRM designation in 2012. He also earned his Market Conduct Management designation in 2008. He has attended National Alliance classes since 2000 and strongly advocates continuing education. He was a member of Toastmasters for about 10 years, which included service in several officer roles, and served as a church counselor, officer, teacher and leader for over 15 years.