NEW YORK–(BUSINESS WIRE)–Professionals in the field of workers compensation and employers liability can maintain and enhance their knowledge by securing AMCOMP’s Workers Compensation Professional (WCP) industry designation.
Donald T. DeCarlo, AMCOMP Founder and Chairman observed that “In such difficult economic times as we are currently facing, employers and employees realize that knowledge and customer service are the two key elements necessary in ensuring success in a depressed economy. AMCOMP’s certified designation was specifically tailored to develop a foundation of knowledge of the various aspects of workers compensation and employers liability so that those who complete a three part course are expected to have a more enhanced understanding of how all the various pieces including law, claims handling, reinsurance, risk management, underwriting and pricing of workers compensation work together.”
DeCarlo continued “Employers have realized the value and importance in continued education for their work force and the effects it has on the company’s bottom line. In fact, industry leaders like Insurance Services Office (ISO) and GNY Insurance Companies have identified the value of such education by offering their employees a monetary increase in compensation upon completion of the curriculum. While individuals can go through the program at their own pace, there are a growing number of employers such as the New York Compensation Insurance Rating Board, Synergetic Solutions and GNY who have organized study groups for their employees so that they can interact with one another and discuss topics and issues affecting the current industry.” DeCarlo continued, “AMCOMP has begun a dialogue with a number of prominent Universities and is embarking upon establishing a comprehensive program to bring its curriculum into the classroom.”
Warren W. Heck, Chairman & CEO of GNY Insurance Companies commented “There is clearly a shortage of trained personnel needed in our industry to fill and replace those people that are retiring. GNY has a training program in underwriting, claims, and loss control, geared to recent college graduates who begin with an entry training salary. They are then reviewed each quarter for an incremental salary increase.” He further stated “All new trainees are told during the initial interview process that they are expected to take insurance courses and prepare for CPCU and WCP examinations and designations. They are also given bonuses for each exam passed and a larger bonus when completing the designation. GNY has found that the study group method works particularly well for the WCP designation, and we applaud the efforts by Don DeCarlo who is taking the WCP curriculum to the college classroom.”
AMCOMP’s objectives include maintaining the integrity and excellence of professionals in the field. To facilitate its emergence as a respected institution, AMCOMP’s education committee continues to study the issues of claims, financing, loss prevention, reinsurance, legislative and regulatory compliance, benefits administration and emerging trends and issues and identifying courses and institutional providers that meet its certification objectives.
DeCarlo concluded by stating “AMCOMP is committed to maintaining an up-to-date understanding of the latest trends and issues that relate to the workplace. Such an understanding will be shared with field professionals through newsletters, annual meetings, seminars and workshops. To date, there are more than 150 individuals enrolled in AMCOMP’s education program, many of whom have already received their WCP designation.”
For more information about AMCOMP, enrollment in its educational program or to apply for membership, call Maria Sclafani, AMCOMP’s Executive Director, at 718-892-0228.
Maria Sclafani, 718-892-0228