FOR IMMEDIATE RELEASE
NAIC Hosts Inaugural Insurance Summit in Kansas City
Association announces plans to bring a national meeting to KC in 2020
KANSAS CITY, Mo. (May 10, 2016) —The National Association of Insurance Commissioners (NAIC) will host its inaugural Insurance Summit in Kansas City from May 16-20.
The Insurance Summit will bring 1,000 insurance regulators and industry professionals to the city, with an estimated local economic impact nearing $1 million.
The summit, which will be held at the Sheraton Kansas City at Crown Center, combines several annual meetings hosted by the NAIC into one large conference. The meeting gives insurance regulators, industry professionals and consumer representatives the ability to attend a variety of sessions – from market regulation to data and technology.
“We’re bringing several distinctive regulatory groups together for one mega-conference, which should provide an opportunity for attendees to gain insight into a variety of subject matters related to insurance,” said John M. Huff, NAIC President and Missouri Insurance Director. “We’ll also be featuring keynote speakers and professional development sessions, shaping this conference into a premier insurance event for regulators and industry professionals.”
NAIC leadership also recently voted to bring one of the association’s national meetings to Kansas City, as early as 2020. The NAIC hosts three national meetings annually in U.S. cities with an average attendance of 2,000. The financial impact for a Kansas City national meeting is estimated at $2 million. The NAIC last hosted a national meeting in Kansas City in 1999.
“The hotel and development projects in downtown Kansas City are making this an ideal place to accommodate one of our national meetings,” said Andrew J. Beal, NAIC Chief Operating Officer and Chief Legal Officer. “Holding a major meeting here will help us to save significant money in staff travel, but it will also allow more of our team members to attend one of our meetings. We’re extremely excited to show off our hometown.”
The NAIC holds 20 annual meetings in Kansas City, home of the association’s Central Office. The NAIC and its affiliate groups employ 570 staff members locally. The association also has offices in Washington, D.C. and New York City.