Insurance Programs Still Thriving

Meetings & Conventions: Incentive News

Insurance Programs Still Thriving

Insurance industry planners expect to be even busier this year than last. More than a third (38.8 percent) said they will plan more meetings and incentives in 2003 than in 2002, according to a poll taken during the annual meeting of the Insurance Conference Planners Association, held in Seattle in November.

Planners in attendance cast their votes electronically via Digivote. Among other findings:

The average number of qualifiers runs the gamut, with 36.1 percent of respondents hosting groups of 50 to 100, and 34.3 percent planning for 200 or more.

More than half of the respondents (58.9 percent) organize three or fewer programs a year; 27.4 percent plan three to six annually.

The majority of planners (53.8 percent) have average daily room rate budgets of $150 to $250, while 39.5 percent spend $250 to $350.

Most firms (64.5 percent) hold their incentives between April and June.

More than half (56.4 percent) of programs sponsored by insurance companies run five days/four nights.

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