Joe Deems, Executive Director at the National Risk Retention Association (NRRA) joins from the 2015 NRRA Conference in Chicago. Here, he outlines the challenges faced by Risk Retention Groups (RRGs) in the current market, hopes for a better dialogue between NRRA and the NAIC, and the value of gatherings like the NRRA Conference in improving RRG performance.

Mr. Deems sees NRRA members overcoming many of the challenges facing the insurance market over the past few years, including soft market conditions, the economy and the regulatory environment. He believes the self-management of RRGs and owner ‘skin in the game’ seems to be paying off. He also believes better communication between NRRA and the NAIC will avoid potential regulatory conflicts in the future.

For more from the 2015 NRRA Conference, visit the On Demand Library.

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