NRRA Conference to Focus on Critical Issues Facing Risk Retention Groups

CHICAGO, IL--(Marketwired - Jun 26, 2014) - The National Risk Retention Association's annual conference will focus on critical issues facing the industry including cyber security and prospects for the risk retention sector in today's insurance marketplace. The conference will be held in Chicago at the Sofitel Hotel, September 30 to October 2.

"The cyber threat to private data held by hundreds of risk retention and risk purchasing groups is escalating each year as breaches are reported by national companies in a variety of industries and government agencies, so we assembled a panel of security experts who will advise attendees how to develop breach and recovery plans to protect their members," said Sanford Elsass, NRRA chairman.

"The Road Ahead" is the conference theme. A major panel of economists, industry executives, and regulators will address how to navigate uncertain markets over the next few years. The 250 risk retention groups collectively write more than $2.5 billion in liability insurance. "As the industry has matured and the competitive, soft market continues with no end in sight, we look to this panel for objective growth strategies," said Rod Nofziger, conference chairman.

New York State Senator Neil Breslin, chairman of the National Conference of Insurance Legislators (NCOIL), will address insurance regulatory issues at the state level in a keynote speech. A panel of state regulators also will respond to questions in a session, "Ask the Regulators."

The conference will provide a variety of panels and workshop sessions devoted to managing risk retention and purchasing groups and regulatory compliance including: how to lower reinsurance costs, enterprise risk management, enhancing capital, compliance with new state regulations, and boards' best practices.

The NRRA website, www.riskretention.org, is now open for attendees to register for the Conference and make hotel reservations. Sponsorship opportunities also are available on the website. For additional information, contact Mireya Parales at 818-995-3789.