|Copyright:||(c) 2011 A.M. Best Company, Inc.|
|Source:||A.M. Best Company, Inc.|
Strategies to recruit a shrinking agent sales force, and U.S. financial services regulatory reform are among the hot topics on the agenda at this year’s life insurance and retirement industry conferences
This conference offers the latest research on best practices about operations and marketing from industry leaders and practitioners, said
It will touch on product development, risk management, reinsurance and underwriting strategies, market trends, consumer research and recent regulatory activity, she added.
The industry is grappling with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010–wanting to make sure implementation of the law as it affects life insurers doesn’t result in application “of bank-centric regulatory concepts to life insurance companies,” according to the
Theroux says among the top challenges the industry is facing include “engaging the middle market–especially the younger generations” and a “shrinking distribution.”
A general session on
The conference also is sponsored by LOMA, the ACLI and the
The retirement industry conference, which kicks off
LIMRA estimates that 1.5 million people will retire in
The conference offers sessions on annuities and retirement income products, defined contribution and defined benefit retirement plans, adviser practices, risk management, as well as marketing and distribution strategies, Theroux said.
Among the top challenges facing this industry include a low interest environment and its impact on companies’ return on investment, she said. Another is “effectively communicating and educating consumers on the importance of adequately systematically saving for retirement and developing a comprehensive retirement plan.”