The LIMRA Annual Conference is one of the largest gatherings of senior executives representing diverse sectors of the financial services industry, including life, annuities, and workplace benefits. Our members and partners come together for strategic industry insights and high-level networking — a must-attend for executives.
For streaming and post conference content on-demand, click here for information on LIMRA’s Virtual Package.
We are experiencing significant change across our industry’s landscape, but today’s leaders have the power to forge the future. Forging the future involves actively shaping the world by taking deliberate actions that align with our vision and values. It means anticipating challenges and opportunities, and preparing ourselves to tackle them with creativity and resilience. Today’s leaders must identify and shape the elements in our business that will lead to success. What are these elements of change?
Several macroeconomic trends have been causing industry players to rethink their operating models. These include the challenges brought by inflation, the looming threat of a recession and the cost of living crisis, the rise in interest rates, and the resulting fluctuation in the equity markets. Leaders who continuously evaluate their business operations will ensure value creation and long-term success.
The geopolitical environment cannot be ignored, as it will influence our strategies. Russia’s invasion of Ukraine and its impact on energy prices, global fragmentation and the erosion of social cohesion, supply chain shocks, and changing climate agreements provide the troublesome backdrop of our current environment. Although, we can’t predict what the disruptive events will be, we can create organizations that can not only survive these events, but also thrive.
Technology trends may be the most transformational force of our time. Every aspect of our industry’s ecosystem is under pressure, whether it be pre and post sale processes, employee benefit enrollment, or customer acquisition. Traditional insurers are not sitting idly by. Instead, they are innovating and trying new things so they can compete with tech upstarts. In the near future, the fully tech-enabled insurer will bear little resemblance to today’s organization.
Difficulties recruiting and retaining talent have reached an all-time high. Perhaps the most critical aspect of our talent challenge is distribution and attracting new producers. We must do a better job of communicating our industry’s value and purpose, which are powerful motivators for younger prospects.
These and other issues will be addressed at LIMRA’s 2023 Annual Conference. Our program features thought leaders and forward-thinking executives. We will discuss key strategies in these areas of opportunities that will influence the future of our industry and the markets we serve, including: distribution, data and technology, talent imperatives, and other strategic issues within insurance, annuities, and worksite benefits.