At the NAILBA 34 conference happening now in Orlando, the two-hour opening general session offered up many insights into the current happenings of the National Association of Independent Life Brokerage Agencies (NAILBA).
David Long, who served as the 2015 chairman of NAILBA, made it clear to the 1,000-plus in attendance that it was supporters of organizations like NAILBA that keep the life insurance distribution industry alive and strong. But like all organizations, keeping up with the changing pace of evolving business is a challenge.
So how is NAILBA staying on top?
The organization’s three-year strategic plan is one way. In 2014, the NAILBA board of directors, led by a strategic consultant and with guidance from a thorough member survey, created it’s 2015-2017 strategic plan. The plan outlined four ambitious objectives, with specific tasks and deadlines for each. The four objectives are for NAILBA to be:
- the go-to place for BGA education
- the go-to place for information, best practices and ideas
- the resource for industry technology updates and information
- an advocate for the industry
This members-only online community was launched in support of NAILBA’s ongoing technology objective. The network serves as a venue for the exchange of information, best practices and networking. It also provides an area where representatives from the Life Brokerage Technology Committee and ACORD are able to participate in discussions with NAILBA members about standards and technology.
The advocacy partnership with the AALU provided NAILBA members with a voice in the legislative and regulatory arena. This particular partnership resulted in an increased visibility and presence by NAILBA member agency principals on Capitol Hill, and a joint comment letter filed with the DOL explaining concerns over the proposed DOL fiduciary rule.
To plan NAILBA 34 — and going forward — the Annual Meeting Workshop Committee took feedback from last year’s conference and planned the breakout sessions from that information. This year, attendees can take advantage of repeat breakout sessions, allowing additional access to necessary education. In addition, the Professional Development Tools Committee will be releasing an improved version of NAILBA’s Field Underwriting Guide, based on edits they collected.
The NAILBA website is in the process of being revamped to implement a secure members-only area, improve navigation and provide a more mobile-friendly experience. Currently, a team of staff and volunteers are analyzing content to be transitioned, along with advertising opportunities.
As David Long said today, “The breakneck pace of change in this industry has kept NAILBA on its toes.” But it seems NAILBA is doing all the right things to keep pace with such evolution.