Next survivor show?

Next survivor show?

Insurance industry associations are facing possible extinction if they do not learn to deal better with their dwindling membership and anemic budgets. One solution may be for various associations to partner with each other by cosponsoring industry meetings and seminars. Take, for example, this sprin...

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Bibliographic Details
Published in:Best's Review Vol. 104; no. 1; p. 92
Main Author: Goff, William N
Format: Trade Publication Article
Language:English
Published: Oldwick A.M. Best Company 01-05-2003
Subjects:
Associations
Distribution costs
Guidelines
Insurance industry
Life insurance
Managers
Meetings
Partnering
United States > US
Online Access:Get full text
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Summary:Insurance industry associations are facing possible extinction if they do not learn to deal better with their dwindling membership and anemic budgets. One solution may be for various associations to partner with each other by cosponsoring industry meetings and seminars. Take, for example, this spring's "Life Insurance Conference," cosponsored by LOMA, UMRA and the Society of Actuaries. Similar efforts should be encouraged, as should discussions on merging where there is redundancy. The key components to survival for industry associations include: 1. doing a limited number of things well, 2. focusing on a need that is not being met by others, 3. revisiting association strategies and mission statements, and 4. reinventing themselves, if necessary, to fulfill a sustainable need.
ISSN:1527-5914
2161-282X