PRMA Summit 2025 sees remarkable growth driven by focus on education and collaboration
The recent Private Risk Management Association (PRMA) Summit held in New Orleans has marked a milestone of substantial growth and momentum within the high-net-worth insurance industry. With attendance nearly tripling over the past four years and membership numbers almost doubling, PRMA’s evolution signals a strengthening collaborative and educational hub for professionals navigating a rapidly shifting market landscape.
According to Diane Delaney, CEO and executive director of PRMA, the 2025 Summit attracted just under 900 attendees, a stark rise from the just over 300 attendees in 2021. Membership reflected similar growth, increasing from just above 3,000 members in 2021 to approximately 6,222 today. This surge in participation demonstrates the association’s rising stature and the increasing value it provides to its members. The event, which transcended a typical conference experience with dynamic exhibitor halls, breakout sessions, receptions, and recognition ceremonies for ACPRIA and CPRIA graduates, reinforced the association’s commitment to professional development and community-building within the sector.
Delaney attributes PRMA’s success to its educational focus and the collaborative environment it fosters. She explains that in a period of significant market disruption, the association’s learning resources and peer support formed a crucial lifeline for industry professionals, many of whom were encountering unprecedented challenges despite years of experience. The timely leadership transition to Delaney, who brings extensive broker training expertise, aligned with these market dynamics, enabling the association to open its doors more widely and attract a diverse membership base eager for guidance and innovation.
Looking forward, PRMA is intent on sustaining this growth while maintaining the quality and intimacy that foster meaningful interactions. Delaney outlined plans to expand the Summit’s capacity thoughtfully, including offering smaller sessions with more opportunities for dialogue between attendees and industry thought leaders. This approach aims to balance scale with engagement, a critical factor given that this year’s summit had to implement a waitlist after reaching 800 registrants, highlighting the overwhelming demand.
Further, the association is prioritising education as a core pillar of its strategic direction. It plans to enhance its offerings across multiple platforms, tailoring learning tracks to members’ varying career stages, from novices to seasoned professionals. There is also a keen interest in adopting technological innovations such as AI tools to supplement educational delivery, recognising the growing impact of technology on the industry. Delaney noted that members have consistently requested more content on AI’s effects, indicating it will be a major focus in upcoming events.
Carrier and broker engagement has also shifted notably, with brokers now constituting almost half the attendees at the Summit, a significant change from previous years when carriers predominated. The association is keen to maintain strong carrier participation, given their vital role in delivering educational content and expanding market solutions, particularly in the high-net-worth space.
Delaney’s role, she says, is uniquely rewarding because PRMA operates as a neutral platform serving all parties within the industry. Her experience facilitating collaboration among competitors, working with major carriers and brokers alike, reflects the association’s ethos that the industry is stronger when its members unite to share knowledge and advance common goals.
The impressive growth and strategic foresight demonstrated by PRMA at the 2025 Summit highlight the organisation’s vital role in shaping the future of high-net-worth risk management. It stands as a model for how associations can effectively serve their members through education, collaboration, and thoughtful expansion, ensuring continued relevance and value in an evolving industry landscape.