LIMRA: Storm Clouds Ahead?

6 in 10 Life Insurance Industry Leaders Foresee
External Disruptions within Next Five Years

 WINDSOR, Conn., Jan. 19, 2015— LIMRA is pleased to announce that the LIMRA 2015 Distribution Conference for Financial Services will be held in Orlando, Fla., Feb. 25-27, 2015.

The conference is taking place as new LIMRA research suggests that factors external to the financial services industry could further alter distribution models. Fifty-seven percent of industry leaders agree that within the next five years, an outside source will be a disruptive force in the life insurance market, according to a new report. “LIMRA’s Distribution Conference will be the perfect opportunity to explore the various ways life insurance distribution models are changing and will need to continue to change to keep pace,” said Jim Kerley, chief membership officer, LIMRA and LOMA.

“It’s a forum for the exchange of ideas to help professionals fine-tune their practices for the best results.” Getting in touch with distracted consumers is another trend ripe for exploration at the conference. “Consumers today are confronted with more financial demands than ever.

Younger shoppers in particular realize they need life insurance, but it’s not a priority for them

Younger shoppers in particular realize they need life insurance, but it’s not a priority for them. It’s incumbent on industry professionals to emphasize how life insurance is indeed as relevant today as before,” said Kerley. Other emerging issues involve carriers providing value-added services beyond just their product offerings, and regulatory and compliance developments.

“The outlook has never been brighter for those willing to embrace bold, new strategies,” said Kerley. “Conference-goers will learn and analyze new and beneficial ways to make positive changes in their organizations.” The industry’s premier event for making optimal use of distribution channels, this year’s conference has the theme “Realizing Your Potential.”

The conference typically draws more than 300 industry professionals who share their strategies for success and growth. The conference hosts executives and others interested in channel growth, productivity, and reshaping distribution in the United States and Canada. Those who register before Jan. 23 will receive a discount. For more information and to register, please visit: LIMRA 2015 Distribution Conference for Financial Services.