The THINK Blog

    Looking to Advance your Underwriting Career? Here's How!

    Posted by Nick Joly

    Jul 28, 2015 10:47:00 AM

    Hey underwriters! 

    By now, you've likely entered what we at the office like to call "The Slow Summer Months". The time of the year where colleagues are off on summer vacations and conferences and industry events are fewer and further apart, leaving us plenty of time to "enjoy our summers" (read: playing catchup with all our work/emails/meetings you name it!).

    Now I know what you might be thinking - who wants to spend their summer months playing catchup? Well here's some insider insight! If you get a hand on all that catchup stuff early on, you can spend the slow summer months advancing your career. Summer is your time to own your underwriting career and take it to the next level. Sound cheesy? Let me prove it to you! 

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    Topics: Underwriting, Training, E-Learning / Training

    Five Tools Every Reinsurance Analyst Should be Using

    Posted by Erine Ruiz

    Jul 22, 2015 9:42:09 AM

    Spatulas, baking pans, cookie scoops and stand mixers are amongst the essential items bakers must have in their kitchen. Similarly, there are a handful of essential tools LOGiQ3 reinsurance analysts use in their day-to-day work. Here is a list of tools I believe are important for reinsurance administration:

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    Topics: Reinsurance

    [Expert Article] Managing with Metrics

    Posted by Raymond E. DiDonna

    Jul 15, 2015 3:47:54 PM

    Originally Published in the The Stepping Stone, August, 2014. Copyright 2014 by the Society of Actuaries, Schaumburg, Illinois. Reprinted with Permission.

    A popular definition of a leader is someone who produces superior results through the work of others. Two of the greatest challenges a leader faces are knowing how to build a high-performance team to achieve superior results and then instituting the mechanisms necessary to actually create that team. Now, there are several key areas that a manager must focus on, such as creating a team vision, providing consistent coaching and mentoring, and rewarding outstanding performance. In this article, however, I want to focus on Managing with Metrics as a key driver of creating a high-performance team. And this concept applies equally to the team as a whole, as well as its individual members. 

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    Topics: Expert Articles, CEO Series

    Why We LOVE Education Internships (And You Should, Too!)

    Posted by Carmela Tedesco

    Jul 13, 2015 3:43:06 PM

    I know it’s too early to think about the new school year since the school year just ended in June, the truth is, it’s July and I’ve got back to school already on my mind. Uhhmm, why you ask? Well this year I am going to be one step ahead and will make my way to the uniform store (in utter delight) to pick up my daughter’s brand, spanking new uniform. There will be no “I don’t want to wear the pink tights" in the mornings in our household. She will have few choices. So why am I so anxious to get my daughter back to school? I’m not, I just want to be super organized and not be part of the last minute crowd. 

    In addition, the recent launch of our Underwriting Educational Internship Program at LOGiQ3 has me excited and in the learning state of mind! 

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    Topics: Underwriting, E-Learning / Training

    The Reinsurance Analyst's Guide to Achieving your FLMI, ARA & ACS

    Posted by Zaynib Al-Badry

    Jul 6, 2015 3:59:00 PM

    Hey there, my name is Zaynib and this is my first post on the LOGiQ3 blog! I’m part of the company’s reinsurance administration team and today I wanted to share some insight into the world of insurance and reinsurance education. Some of the industry education I’m referring to are the following designations: ACS, FLMI and ARA. I personally completed mine in 3 years and 10 months and trust me, it can be done faster. What are ACS, FLMI and ARA you ask? Let me tell you:

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    Topics: Reinsurance

    Seven Essential Components to a Reinsurance Treaty

    Posted by Jennifer Agosta

    Jun 29, 2015 2:46:00 PM

    The treaty is a key source of data in reinsurance. It is the formal contract that binds the ceding company with the reinsurer and lays out the terms of the agreement. Being able to read and understand the paper treaty is a key skill in reinsurance administration

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    Topics: Reinsurance

    Reinsurance Data Error Management. What is it and why should you care?

    Posted by Tyler Murumets

    Jun 18, 2015 9:00:00 AM

    This is the first post of a multi-part series on reinsurance data error management. 

    As anybody who works with data will tell you: the accuracy, integrity, and reliability of the data you are using and reporting on is paramount. The potential impact bad data can have on your bottom line is a very apparent risk faced by every company out there, big or small, regardless of industry. To help mitigate this risk as a TAI user, you should be monitoring and resolving any policy errors that are generated after processing data in your system.

    What exactly is a “Reinsurance Data error”, anyway?

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    Topics: Reinsurance

    [Ted Talk Tuesdays] Professional Development

    Posted by John Bilodeau

    Jun 16, 2015 3:55:47 PM

    Last month I focused broadly on the idea of professional development, selecting TedTalks that I thought would help us all to start to be more deliberate about identifying and pursuing our goals. As a company culture, LOGiQ3’s is particularly keen on continuous learning and professional development. 

    For the month of May, I wanted to turn to something a little less concrete. I wanted to talk about the contributions we make every day with all the decisions we make. Every day we are trying to do the best job we can do, applying our experience and learning to our decisions. We can see how well we are doing by measuring the results against our ideals.

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    Topics: Innovation

    Top Four Lessons from the CIU

    Posted by Mervyn Gillson

    Jun 15, 2015 2:41:00 PM

    For the past two years, I have been honoured to be the Chair of the Canadian Institute of Underwriters (CIU).

    The CIU just held its 29th Annual General Meeting in Toronto. Our theme for this meeting, and for the whole year in fact, is “Knowledge is Key – Unlock the Power”. As I reflect on this year’s meeting as well as my time as chair, I realized the top four takeaways from this year’s CIU were also consistent with LOGiQ3's beliefs

    Here, I share with you the top four lessons I learned from the CIU: 

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    Topics: Underwriting, E-Learning / Training, Innovation, Industry News

    Four Key Benefits of a Reliable Life Reinsurance System

    Posted by Kathleen Kelly

    Jun 9, 2015 12:30:00 PM

    LOGiQ3 has been using the TAI system for ceded reinsurance administration for nearly eight years and recently acquired TAI via a joint venture with msg global solutions, click here for full details. Even prior to my experience with LOGiQ3, as I administered assumed reinsurance reporting from many sources, I was a fan of the output TAI provided.  

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    Topics: Reinsurance, Life Insurance

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