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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

LOMA | Evaluated Learning Experience

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Information Management in Insurance Companies (LOMA 340)

Formerly Information Management in Insurance Companies [FLMI 340]; Information Management in Insurance Companies [Course 6]
Location: 
Independent study and proficiency examination program administered from the central offices of LOMA.
Length: 

Varies-independent study.

Dates: 

Version 2: November 1993 - April 2000.* Version 3: May 2000 – December 2004.

Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Version 2: Students will be able to: explain the importance of information systems for managerial end-users; identify components and functions of an information system; explain fundamental concepts of management science and the application of management science tools and techniques to the decision-making process; explain the principles and uses of basic statistics and the role of statistics in decision-making. Version 3: Students will be able to: explain the importance and functions of information systems in insurance companies; describe the processes involved in creating and maintaining databases and inferential statistics that can be applied to analyzing work processes; explain basic descriptive and inferential statistics and basic management models to use in decision making.

Instruction: 

Version 2: Major topics include: use of information systems for operations, management, and strategic advantage; managerial overview of hardware, software, telecommunications, and database management; end user computing and office automation; artificial intelligence in business; management of information technology, including planning, implementation and control, international issues, and ethical dimensions; introductory statistical concepts, including frequency distributions, variance, correlation, regression, normal probability distribution, sampling, and chi-square tests; overview of management science, including decision theory models, forecasting methods, inventory models, network models, and linear programming. Version 3: Information systems in organizations; computer hardware and software; telecommunications and networks; Internet technology; transaction processing; electronic commerce; enterprise resource planning; management information systems; decision support systems; artificial intelligence and expert systems; systems investigation, analysis, design, implementation, maintenance, and review; security, privacy, and ethical issues in information systems and the Internet; using descriptive and inferential statistics to manage information; using decision theory and linear programming to manage information; applying management science models to business operations.

Credit recommendation: 

Version 2 and 3: In the upper division baccalaureate degree category, 3 semester hours in Management Information Systems (4/86) (9/94 revalidation) (1/01 revalidation). NOTE: This course represents a revision of Systems and Data Processing (Part 7). It is sufficiently different to warrant a separate course exhibit and credit recommendation. *NOTE: An earlier version of this course, dating from July 1985 to December 1992, has been recommended for credit. Please refer to information in Insurance Companies [Course 6] under 73 for further information.

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