Life Office Management Association

What Does Life Office Management Association Mean?

The Life Office Management Association (LOMA), founded in 1924 and headquartered in Atlanta, Georgia, is a trade association comprising insurance companies from around the world. LOMA’s mission is to enhance industry standards through training and research initiatives.

Insuranceopedia Explains Life Office Management Association

The Life Office Management Association (LOMA) is a non-profit organization serving the finance and insurance industries. It awards titles to individuals who pass its examinations, including the fellowship designation for completing ten national exams, which cover topics such as life and health insurance and accounting. While most of LOMA’s members are American companies, a significant number are based outside the U.S.

Many carriers on the complete list of life insurance companies are LOMA members, and the fellowship designation is a common credential among their underwriters and claims staff. If you’re comparing the best life insurance companies, the people pricing your policy or processing your claim likely hold LOMA credentials, though carriers don’t typically advertise that.