Frequently Asked Questions |
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Why would a bank credit insurance department want to participate in the CIMRO organization?
How long has CIMRO been around?
What has been the response from of of the participants in CIMRO?
Why would a bank credit insurance department want to participate in the CIMRO organization?
There is a tremendous benefit associated with the opportunity to share ideas and problems with contemporaries all across the country. In reality, our positions are somewhat unique: an interesting mixture of insurance, banking, and marketing skills. And because we do not compete for customers, there is value in sharing the intricacies of how each of our operations run.
How long has CIMRO been around?
Unofficially some members of the group have been sharing credit insurance marketing ideas and promotions for more than ten years. The majority of that activity was one-on-one and occurred in isolated situations. The official CIMRO concept and inaugural meeting was held in Portland, Oregon in 1994. Annual meetings are held in various parts of the country.
What has been the response from some of the participants in CIMRO?
The response to the CIMRO concept has been overwhelmingly positive. Here are a few comments from surveys after the conferences:
"I benefited greatly from everything! Thanks! It was great to share ideas that work; it's beneficial to all...reinventing the wheel isn't fun."
"I enjoyed the round table discussion concerning MOB and single premium. For me it has been a particularly important meeting to gain new contacts and friends within the industry."
"I thought the conference was an excellent start to what could be a much larger exchange of information on payment protection products."
"The presentation on single premium versus MOB was excellent. It hit a home run to many of our current programs. I also liked the discussion of debt cancellation and to transition to it from MOB."
