[Atlantic City, NJ, 20 November 2023] — The Voluntary Benefits Association® (VBA) invited over 100+ industry leading VIP’s for another successful benefits roadshow. Kicking off the 1-day event, the VBA conducted their 16th Annual VBA Board Meeting with directors from both the VBA’s Executive and Advisory Boards. This year, we celebrated what has now become an annual event everyone anticipates attending. Beginning with our annual board meeting, followed by insurance continuing education credits and ending the day with our VBA Benefits Roadshow, the 4th in 2023! The event was limited to 100 professionals and we had a waiting list of more than 25.
Each participant had the opportunity to witness firsthand the success achieved through the hard work and support of the association’s dedicated benefits community, VBA board members and our sponsors.
In 2023, the VBA underwent significant developments, commencing with the acquisition of Walt Podgurski’s Daily Insurance Report & Newsletter (“DIR”). The addition of new DIR advertisers and sponsors, a substantial increase in memberships, four roadshows, new technology & automation, and the expansion of full-time employees were notable highlights.
The VBA implemented several strategic initiatives throughout the year, demonstrating its commitment to growth and innovation. The DIR readership experienced double-digit growth, yielding over 17,000 subscribers supported by a robust online presence with 10,000+ LinkedIn and social media followers. The VBA effectively engaged individuals across various roles within the Voluntary Benefits industry, such as carrier representatives, insurance brokers & consultants, human resource executives and third party administrators.
In 2023, the VBA welcomed several industry leaders to its advisory board, including Don Cahalan, Bill Bade, Neil Mammele, Tom Mckiernan, Amy Mansfield-Nelli, Karen Gathercole, and Joe Garcia. The Chairman of the Board appointed new officers: Lee Stokes assumed the role of President of the VBA Executive Board, Dan Robinson was elevated to President of the VBA Advisory Board, joined by Don Cahalan as 2nd Vice President and Dennis Connor as 1st Vice President. Jake Velie took on a strategic and operational role as the VBA’s President and COO, while Sarah Hunt and Jenny Jenkins were promoted to SVP of Administration and SVP of Operations, respectively.
Over the past year, voluntary benefits have maintained their status as one of the fastest-growing segments in the insurance industry. With employers continuing to shift more costs to employees, while facing talent acquisition and retention challenges, the demand for voluntary benefits is expected to grow substantially in the coming years. The VBA remains a cornerstone for product information, networking, industry data and analytics, new technologies, and regulatory insights at both state and federal levels.
As the voluntary benefits industry evolves, marked by the design of new benefit programs, technological innovations, and the mainstream adoption of artificial intelligence, the VBA expresses appreciation for the collective efforts of their membership, sponsors and directors that continue to contribute to the industry’s growth.
The VBA extends a thank you to participants for attending their 2023 Roadshows and networking events. Since 2008, the organization has played a pivotal role in aiding tens of thousands of brokers, consultants, carrier representatives, and HR professionals to understand the intricacies of the voluntary benefits industry. From LA to Philly and Miami to Boston, the VBA has established a significant footprint across the US.
Looking ahead, the VBA is set to introduce new and enhanced individual/corporate memberships and new member benefits, reaffirming its commitment to providing members with intellectual capital and valuable insights. In 2024, the VBA Roadshows will have stops in Scottsdale, Nashville, Dallas and Philadelphia.
Robert S. Shestack, Chairman & CEO of the VBA, expresses eagerness to lead the organization’s unparalleled journey as it continues to help grow the benefits industry.
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