NRRA 2016 CONFERENCE WRAP-UP: AUTONOMOUS RRG A HIT! 2017 CONFERENCE SET FOR SEPTEMBER 26-28, 2017 IN CHICAGO
"Going long" into the future with Autonomous RRG - A Virtual Company, the 2016 NRRA conference once again proved it could innovate and inspire imagination, as the
attendees were challenged to explore our exploding world of combined
digital technologies and learn about whether the attractively unique and
successful features of risk retention groups (RRGs) could make them a major player in managing the risks associated with new technologies.
The interactive event concluded on September 29th following three
days of great networking, unique fast-paced educational sessions, and
an impressive slate of speakers, with the most current information about
the regulatory, judicial and legislative issues facing risk retention
groups and purchasing groups today.
"This year we
decided to shake things up a bit, and we couldn't have been happier with
the results, " said Joe Deems, NRRA's Executive Director. "By utilizing
a highly unique case study and futuristic theme
approach, our attendees had the opportunity to study cutting-edge
insurance strategies never before thought of, that perfectly complement
the latest developments in the artificial intelligence and robotics
industry." Although self-driving cars were the subject of the case
study, "this isn't just about cars," he said in the opening session.
"It's about all types of robotics - drones, transportation, security and
artificial intelligence that surround us, and cyber attacks that should
be a critical feature of any risk management protocol."
from various industries came together to discuss this topic, including
Egil Juliusson, PhD from IHS Markit, Alex Epstein of the National Safety
Council, and David Zuby of the Insurance Institute for Highway Safety.
The keynote speaker was former NFL and Notre Dame quarterback
Steve Beuerlein, CBS sports game analyst for the NFL, and currently also
an executive at Marsh, who entertained the group with his humorous
anectodal experiences as a player.
"Combined with our
case study, our speakers and panelists made for highly compelling
sessions this year," said Deems. "Our audience stayed
in their seats, session after session, waiting to see what the next
panel would produce, as we built the hypothetical company from the
The 2016 NRRA conference also offered a fresh perspective on preparing
today's insurance students for a future in the captive industry.
Together with a group of students from area colleges, a session entitled
"The Educator's Perspective" came up with a few ways to
recruit and keep them, discussing diversity in the process. "By 2018, 25
percent of the people in the industry will retire, and more than 50
percent will be over 45 years of age," said Deems. "We were eager to
discuss ways the industry could do a better job of attracting young
people and the students' input was invaluable as they provided their
vision on how they need our industry to find ways to help them evolve
into this profession."
NRRA Chairman, Dan Labrie, made the announcement this year of NRRA's highest honor, The Karen Cutts Visionary Award, which
was bestowed posthumously upon the late Wendy Fisher, in an emotional
ceremony attended by members of her family and three executives from
her companies. "The 'consummate volunteer,' Wendy consistently
delivered leadership, insight, calmness, a ready smile, and friendship
to whomever crossed her path," said Labrie. "Certainly, few people
matched Wendy's dedication to NRRA. She served nine years on the Board
of Directors, including two terms as Board Chair (2003 -2004 and
2008-2009). In addition, she was a longtime member and chair of the
Government Affairs Committee."
Board of Directors' Awards were presented
this year to Arise Boiler Inspection and Insurance Co., RRG for its
multiple contributions to NRRA's Government Affairs initiatives, and to
retiring board member, Ken Barrett of Besso Re (London), for his 6
years of service on the NRRA board and many years of leadership efforts
that have contributed significantly to the success of our ongoing
programs. The Executive Director's Award was presented to, among
Johnson Lambert Co. in appreciation for its extraordinary services in
coordinating the CPE credits for conference attendees. NRRA provided
CPE, CLE and ICCIE credits for all sessions.
A record number of 51 sponsors
committed their support to the Association, and the welcome addition of
educators and students whose attendance was another contribution to the
success of the event made possible by all the sponsors.
The NRRA 2017 National Conference will be held September 26 to 28, 2017, at the Sofitel Chicago Magnificent Mile Hotel. Save the date!
"We are already
exploring themes for next year to build upon this year's successful
conference outcome and look forward to sharing updates over the next few
months," added Lynn Crisci, HAI Group, chairman for the 2017